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Infinity Infoway Ltd. IPO is a book build issue of ₹24.42 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹24.42 crore.
Infinity Infoway IPO bidding started from Sep 30, 2025 and ended on Oct 3, 2025. The allotment for Infinity Infoway IPO was finalized on Oct 6, 2025. The shares got listed on BSE SME on Oct 8, 2025.
Infinity Infoway IPO price band is set at ₹155.00 per share . The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹2,48,000.00 (1,600 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (2,400 shares), amounting to ₹3,72,000.
Holani Consultants Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Holani Consultants Pvt.Ltd..
Refer to Infinity Infoway IPO RHP for detailed Information.
| IPO Date | September 30, 2025 to October 3, 2025 |
| Listing Date | October 8, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹147 to ₹155 per share |
| Issue Price Final | ₹155 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,75,200 shares (aggregating up to ₹24.42 Cr) |
| Reserved for Market Maker | 79,200 shares Holani Consultants Pvt.Ltd. (aggregating up to ₹1.23 Cr) |
| Net Offered to Public | 14,96,000 shares (aggregating up to ₹23.19 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 38,77,000 shares |
| Share Holding Post Issue | 54,52,200 shares |
Infinity Infoway IPO offers total 15,75,200 shares. Out of which 6,80,800 (43.22%) allocated to QIB, 2,72,800 (17.32%) allocated to QIB (Ex- Anchor), 2,06,400 (13.10%) allocated to NII 4,79,200 (30.42%) allocated to RII and 4,08,000 (25.90%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 79,200 (5.03%) |
| QIB Shares Offered | 6,80,800 (43.22%) |
| − Anchor Investor Shares Offered | 4,08,000 (25.90%) |
| − QIB (Ex. Anchor) Shares Offered | 2,72,800 (17.32%) |
| NII (HNI) Shares Offered | 2,06,400 (13.10%) |
| − bNII > ₹10L | 1,37,600 (8.74%) |
| − sNII < ₹10L | 68,800 (4.37%) |
| Retail Shares Offered | 4,79,200 (30.42%) |
| Employee Shares Offered | 1,29,600 (8.23%) |
| Total Shares Offered | 15,75,200 (100.00%) |
| Application Category | Bidding Limits |
|---|---|
| Only Individual investor (retail) | 2 lots |
| Only sNII | 3 lots - 8 lots |
| Only bNII | 9 lots and above |
| Only employee | 2 lots - 4 lots |
| Employee + RII/NII |
|
* Bidding at cut-off price is not allowed for any category
Infinity Infoway IPO raises ₹6.32 crore from anchor investors. Infinity Infoway IPO Anchor bid date is September 29, 2025. Infinity Infoway IPO Anchor Investors list
| Bid Date | September 29, 2025 |
| Shares Offered | 4,08,000 |
| Anchor Portion Size (In Cr.) | 6.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 4, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 3, 2026 |
Infinity Infoway IPO opens on September 30, 2025, and closes on October 3, 2025.
| IPO Open Date | Tue, Sep 30, 2025 |
| IPO Close Date | Fri, Oct 3, 2025 |
| Tentative Allotment | Mon, Oct 6, 2025 |
| Initiation of Refunds | Tue, Oct 7, 2025 |
| Credit of Shares to Demat | Tue, Oct 7, 2025 |
| Tentative Listing Date | Wed, Oct 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 3, 2025 |
Investors can bid for a minimum of 1,600 shares and in multiples of 800 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,600 | ₹2,48,000 |
| Individual investors (Retail) (Max) | 2 | 1,600 | ₹2,48,000 |
| S-HNI (Min) | 3 | 2,400 | ₹3,72,000 |
| S-HNI (Max) | 8 | 6,400 | ₹9,92,000 |
| B-HNI (Min) | 9 | 7,200 | ₹11,16,000 |
| Employee (Min) | 2 | 1,600 | ₹2,48,000 |
| Employee (Max) | 4 | 3,200 | ₹4,96,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Infinity Infoway Limited, incorporated in 2008, is a leading SaaS company specializing in customized cloud-based ERP (Enterprise Resource Planning) solutions. With a strong nationwide presence, the company serves sectors including education, manufacturing, retail, construction, CRM, SCM, and HR management.
Campus Management System is its flagship ERP platform, deployed in 26 universities. It enables efficient student administration, attendance tracking, exam scheduling, and academic monitoring.
Infinity also offers Industrial ERP solutions covering sales, accounting, GST, CRM, and supply chain modules, tailored for small to large enterprises. In the last 3 fiscals, it has deployed 13 industrial ERP software. Additional offerings include:
The company’s clientele includes Nirma University, Saurashtra University, Shivaji University, Indian Institute of Science Education & Research, HiBond Cement, Davat Beverages, Kich – Steel for Life, among others.
Competitive Strengths
Infinity Infoway Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 21% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 14.92 | 8.10 | 3.59 |
| Total Income | 13.48 | 10.35 | 5.38 |
| Profit After Tax | 4.19 | 3.47 | 0.94 |
| EBITDA | 6.16 | 4.91 | 1.46 |
| NET Worth | 12.68 | 5.03 | 1.58 |
| Total Borrowing | 0.23 | 0.48 | 0.70 |
| Amount in ₹ Crore | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 47.33% |
| ROCE | 43.95% |
| RoNW | 33.06% |
| PAT Margin | 31.77% |
| EBITDA Margin | 46.70% |
| Price to Book Value | 4.74 |
| Market Capitalization | 82.31 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 11.22 | 7.89 |
| P/E (x) | 13.81 | 19.64 |
The Company Infinity Infoway IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Development of the Product ZEROTOUCH Device as a Service (“DaaS”). | 3.75 |
| 2 | Purchase of new IT Infrastructure and Certification | 2.61 |
| 3 | Funding of Tender Deposits and Earnest Money Deposits (EMD) towards Tenders | 4.00 |
| 4 | Funding the incremental Working Capital Requirements of the Company | 8.58 |
| 5 | General corporate purposes | 3.09 |
[Dilip Davda] IIL is engaged in the business of providing customized and tailormade integrated ERP solutions. It is providing its products to 26 universities and 13 enterprises. The company enjoys long term relationship with its clients, that gives continued orders. Based on its recent financial data, the issue is fully priced. Small equity base post-IPO indicates longer gestation period for migration. Well-informed investors may park funds for long term. Read detail review...
| Listing Date | October 8, 2025 |
| BSE Script Code | 544567 |
| NSE Symbol | |
| ISIN | INE16XA01017 |
| Final Issue Price | ₹155 per share |
| BSE Listing Group | MT (Trade to Trade) |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹155.00 |
| Open | ₹294.50 |
| Low | ₹294.50 |
| High | ₹309.20 |
| Last Trade | ₹309.20 |
Infinity Infoway Ltd.
P-9, NR. Water Tank, Visvakarma Society,
Mavadi Chokdi, Rajkot,
Gujrat, India
Rajkot, Gujarat, 360004
Phone: 9687800336
Email: cs@infinityinfoway.com
Website: http://www.infinityinfoway.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Infinity Infoway IPO is a SME IPO of 15,75,200 equity shares of the face value of ₹10 aggregating up to ₹24.42 Crores. The issue is priced at ₹155 per share. The minimum order quantity is 800.
The IPO opens on September 30, 2025, and closes on October 3, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Infinity Infoway IPO using UPI as a payment gateway. Zerodha customers can apply in Infinity Infoway IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Infinity Infoway IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Infinity Infoway IPO opens on September 30, 2025 and closes on October 3, 2025.
Infinity Infoway IPO lot size is 800, and the minimum amount required for application is ₹2,48,000, with 2 lots being the minimum application size.
You can apply in Infinity Infoway IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Infinity Infoway IPO will be done on Monday, October 6, 2025, and the allotted shares will be credited to your demat account by Tuesday, October 7, 2025. Check the Infinity Infoway IPO allotment status.
The Infinity Infoway IPO listing date is on Wednesday, October 8, 2025.
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