2 weeks Ago By NDTV Profit News
The Infonative Solutions IPO opens for subscription on Friday, Mar. 28. The initial public offering of the customised learning solutions provider will close on Apr.
3.The BSE SME issue is aimed at raising Rs 24.71 crore from the primary market.
Investors looking forward to participating in the IPO subscription can check the following details before making a final decision.Infonative Solutions IPO: Key DetailsThe Infonative Solutions IPO is a book-built issue of Rs 24.71 crore comprising a fresh issue of 31.
28 lakh shares. The price band for the IPO has been set between Rs 75 and Rs 79 per share.Retail investors can bid for at least a single lot size of 1,600 shares, requiring a minimum investment of Rs 1,26,400.
High net-worth individuals (HNIs) can invest in the IPO with a minimum lot size of 3,200 shares, amounting to Rs 2,52,800.The Infonative Solutions IPO share allotment status is expected to be finalised on Apr. 4.
Successful bidders will receive the shares in their Demat account on Apr. 7. The company will also process refunds for unsuccessful bidders on the same day.
Shares of Infonative Solutions Ltd. are scheduled to be listed on the BSE SME platform on Apr. 8.
Share India Capital Services Pvt. is the book-running lead manager of the Infonative Solutions IPO. Kfin Technologies Ltd.
is the registrar, and Share India Securities Ltd. is the market maker for the IPO.Tata Capital IPO Gets Approval At EGM Infonative Solutions IPO GMP TodayAccording to InvestorGain, the grey market premium (GMP) for the Infonative Solutions IPO stood at Rs 0 as of 6:53 AM on Mar.
28. The GMP indicates a potential flat listing of shares. Note: GMP does not represent official data and is based on speculation.
Spinaroo Commercial IPO Opens Today: Check Offer Size, Price Band, GMP And MoreInfonative Solutions: Business and FinancialsThe company is a specialist in creating learning development solutions for the corporate and educational sectors. It produces e-learning content and offers cloud-based learning management systems (LMS).Use of ProceedsThe company will use proceeds from the IPO to develop new products, features in the LMS, buy laptops, meet working capital requirements and general corporate purposes.
FinancialsThe company’s profit after tax (PAT) increased 35.5% to Rs 1.45 crore in FY24 from Rs 1.
07 crore in FY23. During the same period, the company’s revenue declined by 13.7% to Rs 18.
08 crore in FY24 from Rs 20.95 crore in FY23. By the end of the first half of FY25, the company's net profit stood at Rs 3.
64 crore and revenue at Rs 11.42 crore.Disclaimer: Investments in initial public offerings are subject to market risks.
Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.Studds IPO: Helmet-Maker Retries Market Debut After Seven Years. Read more on IPOs by NDTV Profit.
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