IPO Details
RHP/DRHPIssue Date
--
Investment/lot
--
Price Range
--
Lot Size
1600
IPO Size
₹ 24.71 Cr
IPO Listing Details
Listing On
8 Apr'25
Issue Price
--
Listed Price
₹ 63.2
Retail Gain/Listing Gain
▼-20.00%
Schedule of Infonative Solutions IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
08/04/2025
About Infonative Solutions IPO
The IPO of Infonative Solutions Ltd comprises a fresh issue of up to 31,28,000 equity shares. There’s no offer for sale in this IPO, which is a 100% book-built issue. The price range and the lot size are TBA.
The listing of shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The basis of allotment and the initiation of refunds will take place on TBA.
Objectives of Infonative Solutions IPO
- To meet the expenses for development of new products, courses and new features in LMS and purchase of laptops
- To meet the working capital requirements
- To meet out the expenses for general corporate purposes and unidentified acquisitions
Infonative Solutions IPO Valuation
Infonative Solutions IPO Share Offer and Subscription Details
| Investor | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net offer |
Non-institutional Applicants | Not less than 15% of the net issue |
Retail Individual Investors | Not less than 35% of the net issue |
Industry Outlook
The global LMS market size was valued at USD 22.1 billion in 2023 and is projected to grow to USD 51.9 billion by 2028, with a compound annual growth rate (CAGR) of 18.6% during this period. This growth is driven by the increasing adoption of online education, remote learning solutions, and the need for efficient training and development platforms in the corporate sector.
On the other hand, the Indian e-learning market was valued at USD 10.24 billion in 2023 and is projected to reach USD 28.46 billion by 2029, growing at a CAGR of 18.57% during the period.
Company Information
Infonative Solutions Limited is principally engaged in the business of developing and designing of e-learning content and services and courseware and other products including providing cloud-based learning management systems (LMS) etc. It provides cutting-edge e-learning delivery services designed to enhance business impact for its valued clients.
Strengths of Infonative Solutions
Scalable Business Model
The company’s business model (e-learning business) is inherently scalable due to its digital nature, which allows for easy expansion without the significant manpower and infrastructure costs and logistical challenges associated with traditional instructor-led learning methods.
Once an e-learning platform or course is developed, it can be delivered to a virtually unlimited number of users across different geographies simultaneously. The content can be updated, replicated, and distributed at minimal additional cost, making it possible to reach a global audience efficiently.
Commitment to Meeting Market Needs
The company aims to create a comprehensive range of professional upskilling courses and training programs which includes Softskill, Selling skill, Anti Bribery, Business Consulting, Cyber Security, Artificial Intelligence, Content Writing and Data Science through a distinct brand Mindscroll.
These educational offerings are designed to help busy professionals to learn high demand skills, develop a strong demonstrable track record and access international as well as domestic remote jobs and freelance work.
Expanding the Off the Shelf Library
Recognising that the demand for off-the-shelf content is growing, Infonative Solutions set ambitious goals for the future. The company aims to continuously expand its content library to meet the evolving needs of the e-learning market.
Plans include creating new courses, adding new topics, updating existing materials to keep them current, and incorporating advanced learning technologies such as virtual reality and gamification.
Risks of Infonative Solutions IPO
-Majority Revenue from Limited Customers :
The company has major revenue of more than 50% of its total revenue from operations in the last two preceding financial years, from one of its leading customers from management consulting and professional services segment. Its revenues may be adversely affected if there is an adverse development with such customers.
- Bound by Specific Obligations :
The company is bound by specific obligations and restrictive covenants outlined in the business agreements it has entered with third parties. Failing to adhere to these obligations and covenants could potentially result in a significant negative impact on its business, prospects, cashflows, and financial conditions.
- Reliance on IT systems :
Infonative Solutions Ltd considerably relies on information technology systems which may be subject to vulnerabilities, disruptions, failures, or data breaches and thus may have the potential to negatively impact both its operations and its reputation. Additionally, its ability to succeed is contingent on its capacity to innovate, update, and adjust to emerging technological advancements.
Infonative Solutions IPO Financials
IPO Registrar and Book Running Lead Manager
- IPO Registrar: KFin Technologies Ltd
- Book Running Lead Manager: Share India Capital Services Pvt Ltd
Business Model
Infonative Solutions Ltd is engaged in crafting bespoke e-learning Solutions, e-learning Consulting, Courseware and off the shelf content. It also has its inhouse Learning Management Systems (LMS) with strong foothold in the field of instructional design, gamification, augmented and virtual reality-based e-learning content, software application simulations etc.
Company Growth Trajectory
In 2014, Infonative Solutions Ltd started modestly, operating from a small, 10-seater office at the bustling IT hub of Delhi at Nehru Place. Within a year, the dedication and hard work paid off. Infonative Solutions outgrew its initial space and moved into a larger, 50-seater office, reflecting the company’s rapid growth and increasing client base. The expansion was not just physical. It marked the beginning of Infonative’s journey towards becoming a significant player in the e-learning industry.
Market Position
The clients of Infonative Solutions Ltd comprises Fortune 500 Companies, Big 4 consulting firms, mid to large IT companies, education, EdTech and learning companies and government agencies with focus on BFSI, Consulting, IT/ITES, Education, Oil and Gas, FMCG etc. It serves clients across geographies including India, USA and Malaysia.
Infonative Solutions IPO Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 18.07 | 20.95 | 18.63 |
Profit/(Loss) Before Tax (in ₹ crores) | 1.96 | 1.50 | 3.14 |
Profit After Tax (in ₹ crores) | 1.45 | 1.06 | 2.22 |
EPS in ₹ | 1.66 | 1.23 | 2.55 |
Infonative Solutions Balance Sheet
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit/(Loss) Before Tax (in ₹ crores) | 1.96 | 1.50 | 3.14 |
Net Cash Flow from/ (used in) Operating Activities (in ₹ crores) | NA | NA | NA |
Net Cash Flow from/ (used in) Investing Activities (in ₹ crores) | NA | NA | NA |
Net Cash Flow from/ (used in) Financing Activities (in ₹ crores) | NA | NA | NA |
Cash and Cash Equivalents as at End of the Year (in ₹ crores) | NA | NA | NA |
How to Apply for the Infonative Solutions IPO?
Visit the Registrar’s Website
- Visit the official website of KFin Technologies Ltd
- Click on ‘IPO Allotment Status’ from ‘Investors’ under ‘Products’ -Click on any one of the appearing links
- Choose IPO name and enter either your application number, Demat account or PAN number
- Enter captcha and click on ‘Submit’ to know the status
Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Choose the Issue Type
- Select the Issue Name from dropdown
- Put in either your application number or PAN number
- Check the box ‘I’m not a robot’
- Click on ‘Search’ to know allotment status
How to Apply for the Infonative Solutions IPO?
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Infonative Solutions IPO FAQs
When is Infonative Solutions IPO listing date?
Infonative Solutions IPO will list on 2025-04-08.
What is the issue size of Infonative Solutions IPO?
24.71 is the issue size of Infonative Solutions IPO.
Where can I read more about Infonative Solutions business?
You can read more about Infonative Solutions and its IPO from the company’s red herring prospectus (RHP) [here](https://www.bsesme.com/download/345798/sme_ipo/DRHP_30.09.2024 Final_20240930195400.pdf).
What is the Infonative Solutions IPO?
The IPO of Infonative Solutions Ltd comprises a fresh issue of up to 31,28,000 equity shares.
When will the IPO of Infonative Solutions Ltd go live?
The exact dates of the IPO are not known.
