Infonative Solutions Ltd is launching its ₹24.71 crore IPO, which consists of a fresh issue of 31.28 lakh shares. The subscription period for the IPO is from March 28, 2025, to April 3, 2025. Investors eagerly awaiting the IPO allotment can expect it to be finalized on April 4, 2025, with the listing date scheduled for April 8, 2025, on the BSE SME exchange.

IPO Price Band and Lot Size

The IPO price band is set between ₹75 to ₹79 per share. The lot size for retail investors is 1,600 shares, requiring a minimum investment of ₹1,26,400. High-Net-Worth Individuals (HNIs) need to apply for at least two lots (3,200 shares), amounting to ₹2,52,800.

IPO Lead Manager and Market Maker

• Book Running Lead Manager: Share India Capital Services Pvt Ltd

• Registrar: KFin Technologies Ltd

• Market Maker: Share India Securities Ltd

Financial Performance of Infonative Solutions

Revenue and Profit Trends

The company's financials indicate steady growth over the years. Below is a summary of revenues, EBITDA, and profit after tax (PAT):

The company has demonstrated revenue stability, but profits have been fluctuating.

Key Valuation Metrics

The valuation appears stretched, with high P/E ratios, making it less attractive for listing gains.

Objectives of the IPO

The company plans to utilize the IPO proceeds as follows:

1. ₹735.21 lakh for product development, including new courses, LMS features, and laptop purchases.

2. ₹500.67 lakh to meet working capital requirements.

3. Remaining funds for general corporate purposes and potential acquisitions.

Infonative Solutions IPO Subscription Status

As of April 2, 2025, at 11:00 AM, the IPO was subscribed 0.94 times on its third day. The real-time subscription status can be checked on the BSE website.

Infonative Solutions IPO GMP Analysis

Grey Market Premium (GMP) Trend

As of March 24, 2025, the GMP stood at ₹0, indicating that no significant demand is seen in the grey market.

Since GMP is ₹0, it suggests that investors may not see listing gains.

How to Check Infonative Solutions IPO Allotment Status

The IPO allotment date is April 4, 2025. Investors can check their allotment status online:

Steps to Check IPO Allotment

1. Visit the IPO registrar's website (KFin Technologies Ltd).

2. Select "Infonative Solutions Ltd IPO" from the dropdown.

3. Enter your Application Number, PAN, or DP Client ID.

4. Submit the details to view your allotment status.

If allotted, shares will be credited to Demat accounts by April 8, 2025.

Should You Invest in Infonative Solutions IPO?

Pros:

• Revenue Stability: The company has maintained consistent revenue growth over the years.

• Experienced Leadership: Led by Saurabh Kathuria, Abdur Rauf Rahmani, and Yogeshh Goel, who bring over 50 years of combined experience.

• Funds for Growth: The IPO proceeds will be utilized for business expansion and product development.

Cons:

• High Valuation: Post-issue P/E is 64.24x, making it overvalued compared to industry peers.

• No GMP Premium: No grey market activity, indicating lack of investor enthusiasm.

• Fluctuating Profits: While revenue has been stable, profit after tax has been inconsistent.

Final Verdict: Avoid for Listing Gains

Given the high P/E ratio, lack of grey market premium, and fluctuating profits, investors are advised to avoid this IPO for listing gains or long-term investment.

The Current active IPO are Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited.

The Closed IPOs are  Identixweb Limited, ATC Energies System Limited, Shri Ahimsa Naturals Limited.

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