Infonative Solutions IPO Closed
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Schedule of Infonative Solutions
| Issue open date | 28 Mar 2025 |
| Issue close date | 03 Apr 2025 |
| UPI mandate deadline | 03 Apr 2025 (5 PM) |
| Allotment finalization | 04 Apr 2025 |
| Refund initiation | 07 Apr 2025 |
| Share credit | 07 Apr 2025 |
| Listing date | 08 Apr 2025 |
| Mandate end date | 18 Apr 2025 |
| Lock-in end date for anchor investors (50%) | 04 May 2025 |
| Lock-in end date for anchor investors (remaining) | 03 Jul 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Infonative Solutions
Incorporated in 2014, Infonative Solutions Ltd provides e-learning solutions, focusing on customized training development, cloud-based Learning Management Systems (LMS), and courseware for various industries. The company caters to corporate and educational sectors, offering services in areas like instructional design, gamification, and AR/VR-based content. Serving clients in sectors such as BFSI, consulting, and IT/ITES, the company has built its operations on a foundation of providing tailored solutions to meet specific industry needs.
Financials of Infonative Solutions
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹24.71 crores |
| Fresh Issue | ₹24.71 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Development of products, courses, LMS, laptops | 7.35 (29.74%) |
| Working capital requirements | 5.01 (20.28%) |
| General corporate purposes and acquisitions | 12.35 (50.00%) |
Strengths
- Promoters with expertise in instructional design, visual communication, and sales within the L&D industry.
- Senior management team with skills in design, quality control, project management, and programming.
- Scalable eLearning model using digital infrastructure, cloud computing, and mobile technology for global reach.
- Offering upskilling courses in areas like cybersecurity, AI, and Data Science.
- Expanding off-the-shelf content library with updated courses and advanced learning technologies.
Risks
- A significant portion of revenue comes from a limited number of customers.
- Business agreements include restrictive covenants that may lead to negative consequences if violated.
- Heavy reliance on information technology systems, which may be vulnerable to disruptions or breaches.
- Delays or defaults in customer payments could increase working capital needs and reduce profits.
- Over 50% of trade receivables are due from a related party.
- Lack of credit ratings could impact capital access and increase borrowing costs.
Allotment Status for Infonative Solutions
To check your allotment status – click here.
Subscription Figures for Infonative Solutions
Subscription numbers as of 5:00 PM on 02 Apr 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| HNI (₹2L+) | 7.04 | 5.92 | 0.84x |
| Retail (upto ₹2L) | 21.07 | 33.89 | 1.61x |
| Total | 29.71 | 39.81 | 1.34x |