Infonative Solutions IPO is a book-built issue worth ₹24.71 crore, consisting entirely of a fresh issue of 31.28 lakh shares. The IPO opens for subscription today, on March 28, 2025, and closes on April 3, 2025. The allotment is expected to be finalised on April 4, 2025, with a tentative listing date on BSE SME set for April 8, 2025.
The price band for the IPO is ₹75 to ₹79 per share. Retail investors must apply for a minimum of 1,600 shares, requiring an investment of ₹1,20,000. To avoid oversubscription issues, bidding at the cutoff price would increase the investment to ₹1,26,400. High Net-worth Individuals (HNI) need to invest in at least two lots, amounting to ₹2,52,800 for 3,200 shares.
Share India Capital Services Private Limited is the book-running lead manager, while Kfin Technologies Limited is the registrar for the issue. Share India Securities Limited is the market maker for the IPO. For complete details, refer to the Infonative Solutions IPO Red Herring Prospectus (RHP).
Industry Outlook
- The learning management system (LMS) segment in India is expanding rapidly, with a projected CAGR of 20.57%. This growth is driven by increased adoption in educational institutions, corporations, and government agencies seeking efficient online training solutions.
- The corporate e-learning segment in India is growing at a CAGR of 20.38%, driven by workforce upskilling, IT sector expansion, and remote work training needs. With companies increasingly investing in digital learning, Infonative Solutions Limited can capitalise on this trend by providing tailored e-learning solutions for businesses aiming to enhance employee skills and productivity.
Infonative Solutions IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funds will be used to create new courses, enhance LMS features, and purchase laptops for operational efficiency.
- The capital raised will support day-to-day business operations and ensure smooth financial management.
- The remaining funds will be used for general corporate purposes.
About Infonative Solutions Limited
Infonative Solutions Limited is a leading provider of e-learning content, courseware, and cloud-based Learning Management System (LMS) solutions. The company was founded in 2014 and has grown significantly from a small office in Delhi to a key player in the e-learning industry. Its name reflects a commitment to combining information technology with innovative learning solutions.
A major milestone was reached in 2018 with the investment in Mindscroll, a top-tier LMS platform, enabling a comprehensive suite of digital learning solutions. Today, Infonative specialises in bespoke e-learning solutions, instructional design, gamification, augmented and virtual reality-based content, and software application simulations.
The company serves Fortune 500 firms, Big 4 consulting firms, IT and EdTech companies, and government agencies across industries like BFSI, consulting, IT/ITES, oil and gas, FMCG, and education. With operations spanning India, the USA, and Malaysia, Infonative assists organisations in transitioning from offline to digital learning experiences.
Service offerings are categorised into three levels: solution development, focusing on content hosting and LMS; solution design, aligning learning content with training needs; and strategy, building competency frameworks and assessments.
Training solutions include product, process, software, leadership, behavioral, and onboarding training. With extensive content development expertise, the company helps businesses optimise training programs, improve retention, and enhance workforce productivity through tailored digital learning solutions.
How To Check the Allotment Status of Infonative Solutions IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Infonative Solutions IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Infonative Solutions IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Infonative Solutions IPO
Registered office: 107, DLF South City Court, Saket, New Delhi-110017
Phone: 011-45082517
E-mail:cs@infonative.net
Infonative Solutions IPO Reservation
|
Investor Category |
Shares Offered |
|
QIB Shares |
Not more than 50% of the Net Issue |
|
Retail Shares |
Not less than 35% of the Net Issue |
|
NII (HNI) Shares |
Not less than 15% of the Net Issue |
Infonative Solutions IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1,600 |
₹1,20,000 |
|
Retail (Max) |
1 |
1,600 |
₹1,26,400 |
|
HNI (Min) |
2 |
3,200 |
₹2,52,800 |
Infonative Solutions IPO Promoter Holding
Mr. Saurabh Kathuria, Mr. Abdur Rauf Rahmani, and Mr. Yogeshh Goel are the promoters of the company.
|
Share Holding Pre-Issue |
94.13% |
|
Share Holding Post Issue |
69.28% |
Note: Equity dilution will be determined by subtracting the Share Holding Post Issue from the Share Holding Pre Issue.
Key Performance Indicators for Infonative Solutions IPO
|
KPI |
Value |
|
RoE (%) |
15.46 |
|
RoCE (%) |
18.60 |
|
Debt/Equity |
0.19 |
|
PAT Margin |
8.20 |
Infonative Solutions IPO Prospectus
Infonative Solutions IPO Registrar and Lead Managers
Infonative Solutions IPO Lead Managers
- Share India Capital Services Private Limited
Registrar for Infonative Solutions IPO
Kfin Technologies Limited
- Contact Number:04067162222, 04079611000
- Email Address: isl.ipo@kfintech.com
Infonative SolutionsIPO Registrar
Financial Performance of Infonative Solutions Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 1,769.33 | 2,060.88 |
| Profit After Tax (PAT) (in ₹ lakh) | 145.02 | 106.87 |
| Return on Equity (%) | 15.46 | 13.16 |
| Total Borrowings (in ₹ lakh) | 196.88 | 249.35 |
| Return on Capital Employed (%) | 18.60 | 16.86 |
| Current Ratio (x) | 0.95 | 1.05 |
| EBITDA (in ₹ lakh) | 243.94 | 171.51 |
Know before investing
Strengths
8Infonative Solutions has a strong leadership team with over 20 years of industry experience.
The company employs 150+ skilled professionals, including instructional designers and project managers.
Its scalable eLearning model enables global reach with minimal additional costs.
Mindscroll brand offers diverse professional upskilling courses tailored for global markets.
Infonative Solutions is expanding its off-the-shelf content library for wider accessibility.
AI-driven learning solutions enhance engagement and effectiveness in corporate training.
Diversifying into product development and training strengthens long-term growth potential.
Cloud-based and mobile learning technologies enhance flexibility and learner experience.
Risks
8Over 50% of revenue comes from a single key customer.
Business agreements have strict covenants, and non-compliance may harm finances.
IT system failures or data breaches could disrupt operations and reputation.
Security breaches may impact financial stability and business credibility.
Changing consumer preferences may reduce demand, affecting profitability.
Loss of key management personnel could impact business performance.
Delayed customer payments may strain working capital and profitability.
Failure to maintain brand reputation could harm financial growth.
