Infonative Solutions Ltd is a privately-owned, for-profit organization specializing in custom learning development solutions for corporate and educational institutions. Established to provide innovative content solutions, the company integrates Information Technology and Learning Solutions to enhance education and training services.

IPO Details

• Issue Type: Book Built Issue

• Issue Size: ₹24.71 Crores (Entirely Fresh Issue)

• Lot Size: 1,600 shares

• Minimum Investment (Retail): ₹1,26,400

• Minimum Investment (HNI): ₹2,52,800 (2 lots)

• Market Capitalization (at ₹79 per share): ₹93.59 Crores

• Listing on: BSE SME

• Tentative Listing Date: April 08, 2025

Financial Performance

• Revenue:

  • ₹1,142.30 Lakh (Sep 30, 2024)

  • ₹1,807.80 Lakh (FY24)

  • ₹2,095.16 Lakh (FY23)

  • ₹1,863.26 Lakh (FY22)

• EBITDA:

  • ₹535.83 Lakh (Sep 30, 2024)

  • ₹282.63 Lakh (FY24)

  • ₹206.75 Lakh (FY23)

  • ₹353.74 Lakh (FY22)

• Profit After Tax (PAT):

  • ₹364.47 Lakh (Sep 30, 2024)

  • ₹145.02 Lakh (FY24)

  • ₹106.86 Lakh (FY23)

  • ₹222.56 Lakh (FY22)

Key Ratios & Valuation

• Pre-Issue EPS: ₹1.66 | Post-Issue EPS: ₹1.22

• Pre-Issue P/E: 47.59x | Post-Issue P/E: 64.24x

• Return on Capital Employed (ROCE): 18.60%

• Return on Equity (ROE): 15.46%

• Return on Net Worth (RoNW): 15.46%

• Annualized EPS: ₹8.36 | P/E Ratio: 9.44x

IPO Subscription & GMP Status

Subscription Status (as of March 28, 2025, 07:00 PM):

• IPO subscribed 0.50 times on Day 1

Grey Market Premium (GMP): ₹0 (0.00%)

• No real trading is happening in the grey market.

• GMP does not guarantee listing gains.

Infonative Solutions IPO Allotment & Listing Details

• Allotment Date: April 04, 2025

• Registrar: KFIN Technologies Limited

• Listing Date: April 08, 2025

How to Check IPO Allotment Status?

1. Go to the IPO allotment status page.

2. Select Infonative Solutions Limited IPO from the dropdown.

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

4. Submit to check allotment status.

Use of IPO Proceeds

Infonative Solutions plans to utilize the net proceeds as follows:

1. ₹735.21 Lakhs – Development of new products, LMS features, and laptop purchases.

2. ₹500.67 Lakhs – Working capital requirements.

3. Remaining Funds – General corporate purposes and potential acquisitions.

Infonative Solutions IPO Review & Recommendation

Pros:
✅ Established company with growing revenue and profit.
✅ Expanding ed-tech industry with increasing demand for corporate learning solutions.
✅ IPO proceeds focused on new product development & expansion.

Cons:
❌ High post-issue P/E ratio (64.24x) makes valuation expensive.
❌ Low subscription demand (0.50x on Day 1).
❌ No Grey Market Premium (GMP) – Weak listing expectations.

? Final Verdict: Avoid for listing gains or long-term investment. The high valuation and lack of grey market demand make this IPO risky for investors.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com

About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.