Bookbuilding IPO | ₹24 Cr | Listed at BSE SME | Tue, Sep 30, 2025 - Fri, Oct 3, 2025
Infinity Infoway 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 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 (1,600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Sep 30, 2025
IPO Close
Fri, Oct 3, 2025
Issue Price
₹155 per share
Market Cap (Pre-IPO)
₹82.31 Cr
| IPO Date | 30 Sep to 3 Oct, 2025 |
| Listed on | Wed, Oct 8, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹147 to ₹155 |
| Issue Price | ₹155 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,75,200 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 79,200 shares Holani Consultants Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 14,96,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 14,96,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 38,77,000 shares |
| Share Holding Post Issue | 54,52,200 shares |
| BSE Script Code | 544567 |
| ISIN | INE16XA01017 |
Infinity Infoway IPO comprises a total issue size of 15,75,200 shares. The net offer to the public is 13,66,400 shares, after excluding 79,200 shares allotted on a firm basis and 1,29,600 shares under a preferential allotment. Of the Net offer 6,80,800 (49.82%) are allocated to QIB, 2,06,400 (15.11%) allocated to NII 4,79,200 (35.07%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 6,80,800 | 49.82% | 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 | 15.11% | 13.10% |
| − bNII > ₹10L | 1,37,600 | 8.74% | |
| − sNII < ₹10L | 68,800 | 4.37% | |
| Retail Shares Offered | 4,79,200 | 35.07% | 30.42% |
| Preferential Reservations | |||
| Employee Shares Offered | 1,29,600 | 8.23% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 79,200 | 5.03% | |
| Total Shares Offered | 15,75,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples of 800 shares thereof.
| 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 |
Infinity Infoway IPO raises ₹6.32 crore from anchor investors. Infinity Infoway IPO Anchor bid date is September 29, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 29, 2025 |
| Shares Offered | 4,08,000 |
| Anchor Portion (₹ Cr.) | 6.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Nov 4, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Jan 3, 2026 |
| 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 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 | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 47.33% |
| ROCE | 43.95% |
| RoNW | 33.06% |
| PAT Margin | 31.77% |
| EBITDA Margin | 46.70% |
| Price to Book Value | 4.74 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.22 | 7.89 |
| P/E (x) | 13.81 | 19.64 |
| Promoter Holding | 96.34% | 68.5% |
| Market Cap | ₹82.31 Cr. |
The Infinity Infoway IPO is subscribed 277.24 times on October 3, 2025 5:04:35 PM (Day 3). The public issue subscribed 303.35 times in the individual investors category, 157.14 times in the QIB category, and 548.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 157.14 | 2,72,800 | 4,28,68,000 | 0 |
| NII* | 548.99 | 2,06,400 | 11,33,11,200 | 0 |
| bNII (bids above ₹10L) | 649.06 | 1,37,600 | 8,93,10,400 | |
| sNII (bids below ₹10L) | 348.85 | 68,800 | 2,40,00,800 | |
| Individual Investor | 303.35 | 4,79,200 | 14,53,63,200 | 0 |
| Employee | 0.77 | 1,29,600 | 99,200 | 0 |
| Total | 277.24 | 10,88,000 | 30,16,41,600 | 1,12,258 |
Total Application : 1,12,258
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Managers (including Underwriting commission) | 1.64 |
| 2 | Brokerage, selling commission and upload fees | 0.05 |
| 3 | Advertising and marketing expenses | 0.19 |
| 4 | Fees payable to the Legal Advisors | 0.19 |
| 5 | Fees payable to the Registrar to the Issue | 0.05 |
| 6 | Fees payable to the to the Regulators including stock exchanges | 0.15 |
| 7 | Printing and distribution of Issue stationary | 0.01 |
| 8 | Others (bankers to the Issue, auditor’s fees etc.) | 0.14 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹155.00 |
| Open | ₹294.50 |
| Low | ₹294.50 |
| High | ₹309.20 |
| Last Trade | ₹309.20 |
Lead Manager Reports
Infinity Infoway IPO is a SME IPO of 15,75,200 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹155 per share. The minimum order quantity is 800.
The IPO opens on Tue, Sep 30, 2025, and closes on Fri, Oct 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 Tue, Sep 30, 2025 and closes on Fri, Oct 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 Tue, Oct 7, 2025. Check the Infinity Infoway IPO allotment status.
The Infinity Infoway IPO listing date is on Wed, Oct 8, 2025.
