Infinity Infoway IPO
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Schedule of Infinity Infoway
| Issue open date | 30 Sep 2025 |
| Issue close date | 03 Oct 2025 |
| UPI mandate deadline | 03 Oct 2025 (5 PM) |
| Allotment finalization | 06 Oct 2025 |
| Refund initiation | 07 Oct 2025 |
| Share credit | 07 Oct 2025 |
| Listing date | 08 Oct 2025 |
| Mandate end date | 18 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 05 Nov 2025 |
| Lock-in end date for anchor investors (remaining) | 04 Jan 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 Infinity Infoway
Infinity Infoway is a SaaS provider of customized ERP solutions for education and industry. It offers Campus Management Systems for universities, Industrial ERP for enterprises, and an Online Examination System. It also runs “Brainzorg,” a self-learning platform selling digital courses. With long-term AMCs in place, it has deployed ERP solutions in 26 universities and 13 enterprises over the last three years.
Financials of Infinity Infoway
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹24.42 crores |
| Fresh Issue | ₹24.42 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Development of the Product ZEROTOUCH Device as a Service | 3.75 (15.36%) |
| Purchase of new IT Infrastructure and Certification | 2.61 (10.69%) |
| Funding of Tender Deposits and Earnest Money Deposits (EMD) towards Tenders | 4 (16.39%) |
| Working Capital Requirements | 8.58 (35.14%) |
| General Corporate Purpose | 5.48 (22.42%) |
Strengths
- Experienced leadership team with deep IT and AI domain expertise.
- AI-enabled ERP products aligned with India’s National Education Policy 2020.
- Strong growth in revenue and profitability with high EBITDA margins (around 47%).
- Diverse service portfolio across IT consulting, BPO, KPO, and emerging technologies.
- Successful track record of winning government education-tech tenders and awards.
Risks
- Rapid growth may be difficult to sustain without scaling internal systems and staff.
- Intense competition from large global players and domestic tech firms may pressure margins.
- Past regulatory non-compliance issues highlight potential for future compliance risks.
- Dependence on timely renewal/transfer of licenses and approvals post conversion to public company.
- Exposure to evolving technology trends and customer requirements which may render products obsolete.
Allotment Status for Infinity Infoway
To check your allotment status – click here.
Subscription Figures for Infinity Infoway
As per media reports (Link), the Grey Market Premium (GMP) of Infinity Infoway is reported at ₹21 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 30, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 2.72 | 9.58 | 3.51x |
| NII | 2.06 | 1.07 | 0.52x |
| Retail | 4.79 | 1.63 | 0.34x |
| Employees | 1.29 | 0.14 | 0.11x |
| Total | 10.88 | 12.43 | 1.14x |