IPO Details

Bidding Dates

31 Mar '23 - 05 Apr '23

Minimum Investment

₹135,000 / 1 Lots ( 1000 Shares )

Price Range


Maximum Investment

₹135,000 / 1 Lots ( 1000 Shares )

Retail Discount

To be announced

Issue Size

₹25.31 crore

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors   |   Retail Individual Investors   |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Mar 31, 2023

IPO Closing Date

Apr 5, 2023

Basis of Allotment

Apr 11, 2023

Initiation of Refunds

Apr 12, 2023

Credit of Shares to Demat Account

Apr 13, 2023

IPO Listing Date

Apr 17, 2023

Infinium Pharmachem IPO Subscription Details


Day 1Mar 31, 2023

0.06 0.10 0.08

Day 2Apr 3, 2023

0.31 0.57 0.44

Day 3Apr 5, 2023

1.80 1.86 1.84

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyers [.]
Non-Institutional Buyers 1.80
Retail Investors 1.86
Employees [.]
Other [.]
Total 1.84

About Company

Infinium Pharmachem manufactures and markets Iodine Derivatives, APIs, and Iodination reaction-based bulk drugs. The company is based in Gujarat and has been operating since 2003. It will undertake contract research and manufacturing services (CRAMS) to offer its clients customised and fully confidential solutions. The company has built skills to expertly cater to industries such as pharmaceutical & biotech, speciality & performance chemicals, agrochemicals, human & animal health, cosmetics, sanitation, electrical, electronics etc. 

The company caters to 250 plus clients globally across 15+ countries. Its product suite contains 200+ Iodine Derivatives and 7+ APIs.

Infinium Pharmachem IPO worth Rs.25.31 crore from 1,875,000 equity shares will open for subscription on March 31, 2023. The fixed issue IPO will be available in the price band of Rs. 135 per share with 1000 shares a lot. 

Infinium Pharmachem Ltd. IPO Objective

  • The company will spend the net proceed from the IPO for marketing and branding expenses 
  • To meet incremental working capital requirement 
  • Repay some of the existing market borrowings 
  • To meet public issue expenses

Should you invest in Infinium Pharmachem Ltd.?

These are the top reasons to consider investing in Infinium Pharmachem Ltd.

  1. Iodine is a critical element in human nutrition. The increasing rate of iodine deficiency in adults is a global problem and further boosts the market for iodine derivatives.
  2. The iodine derivative market in India is expected to hit a 6% CAGR. 
  3. The company has a robust product suite of 200+ Iodine Derivatives and 7+ APIs.
  4. The company possesses strong R&D skills.
  5. A strong network of quality raw material suppliers helps the company bypass several supply chain bottlenecks. 

Infinium Pharmachem Ltd. Noteworthy highlights 

  • Infinium Pharmachem would gain as the Iodine Derivatives and API markets grow domestically and internationally.
  • The global iodine derivative market was valued at $659.5 million and is projected to reach $970.5 million by 2030, growing at 4.38% CAGR from 2023-2030. 
  • The company belongs to India’s pharmaceutical sector, currently valued at $50 billion. 

Infinium Pharmachem Company Financials

Particulars Year ending on March 31, 2022 (₹ Lakh) Year ending on March 31, 2021 (₹ Lakh) Year ending on March 31, 2020 (₹ Lakh)
Revenue from Operations 7,403.77 5,455.79 3,603.84
Profit After Tax (PAT) 550.34 271.94 101.81
EBITDA 1096.60 557.60 305.82
EPS 60.07 26.80 9.19
Period Ended As on March 31, 2022 (₹ Lakh) As on March 31, 2021 (₹ Lakh) As on March 31, 2020 (₹ Lakh)
Current Asset 3,393.30 2,231.01 1,605.09
Current Liabilities 2,288.31 1,796.98 1,060.64

Know before investing


  1. The company has built long-term healthy relationships with all its clients across sectors.

  2. A competitive research facility allows the firm to offer customised solutions to clients and meet their demands timely.

  3. The company is aggressively expanding its international and domestic outreach.


  1. Low market penetration in new markets will keep investors worried.

  2. A sudden increase in demand for product baskets has increased the inventory and interest expenses.

  3. The company's debt situation can be a reason to worry for future investors.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Infinium Pharmachem IPO FAQs

What is Infinium Pharmachem Ltd. IPO?

Infinium Pharmachem Ltd. Ltd. IPO worth Rs.25.31 crore will open for subscription on March 31, 2023. The IPO size contains 1,875,000 equity shares with a face value of Rs.10 per share. 

The price for the IPO shares is set at Rs. 135 per share.

When will the Infinium Pharmachem Ltd. Is IPO allotment available?

The basis of the allotment date isApril 11, 2023.

What will be the Infinium Pharmachem Ltd. IPO lot size?

One lot of Infinium Pharmachem Ltd. IPO has 1000 shares.

When will Infinium Pharmachem Ltd. IPO open for subscription?

The IPO will open on March 31, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Infinium Pharmachem Ltd. list on exchanges?

The listing date of Infinium Pharmachem Ltd. Ltd. on NSE SME is April 17, 2023.

How to check the allotment status of the Infinium Pharmachem Ltd. IPO?

You can check the allotment status of your IPO application from the Angel One app.

To check the allotment status, enter the application number, DP ID, and PAN number into the app. 

What would be the listing gains on the Infinium Pharmachem Ltd. IPO?

Listing gains cannot be ascertained before the IPO is listed on the exchange. You can get this information on the listing date for Command Polymer Ltd., which is April 17,2023.

I have finished the application process for Infinium Pharmachem Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.  

How to approve the UPI mandate request for Infinium Pharmachem Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of Infinium Pharmachem Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Infinium Pharmachem Ltd. IPO?

The minimum size of the application will be one lot of 1000 shares.