The Initial Public Offering (IPO) of Infonative Solutions, a company that provides e-learning and cloud-based Learning Management Systems (LMS), is closing today, April 3, 2025. The IPO opened for subscription on March 28, 2025, and has seen mixed interest from investors.
Subscription Status
As of today, the IPO has been oversubscribed by 1.7 times. The retail investor quota was subscribed 2.07 times, meaning demand from small investors was strong. The Non-Institutional Investor (NII) category saw a subscription of 1.12 times. However, there were no bids from Qualified Institutional Buyers (QIBs).
The grey market premium (GMP) for Infonative Solutions is ₹14. This means that shares are trading at a premium of ₹14 over the issue price in the unlisted market, indicating some demand among investors.
IPO Details
- Issue Price: ₹75 to ₹79 per share
- Lot Size: 1,600 shares
- Minimum Investment: ₹1,20,000 for retail investors
- Issue Size: ₹24.71 crore
- Total Shares Offered: 3.12 million equity shares
Allotment and Listing Details
Investors can check their allotment status on the Kfin Technologies website or the BSE website. The allotment is likely to be confirmed on April 4, 2025.
The shares of Infonative Solutions will be listed on the BSE SME platform on April 8, 2025.
About Infonative Solutions
Infonative Solutions is a company that provides e-learning content, LMS platforms, and courseware to businesses and educational institutions. The company aims to use its IPO proceeds to expand its product offerings and improve its services.
With the IPO closing today, investors are now waiting for the allotment results and the listing on the stock exchange.
Before investing in any IPO, it is essential to research the company, understand the risks, and evaluate your investment goals. Always make informed decisions based on thorough analysis.