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IPO Synopsis

Infonative Solutions Ltd
Initial public issue of up to 31,28,000 equity shares of face value of Re. 1/- each of Infonative Solutions Limited ("infonative" or the "company" or the "issuer") for cash at a price of Rs. 79/- per equity share including a share premium of Rs. 78/- per equity share (the "issue price") aggregating to Rs. 24.71 crores ("the offer"), comprising a fresh issue of up to 31,28,000 equity shares aggregating up to Rs. 24.71 crores by the company ("fresh issue") and out of which, 1,56,800 equity shares aggregating to Rs. 1.24 crores will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The offer less the market maker reservation portion i.e., net offer of up to 29,71,200 equity shares of face value of Re. 1/- each at a price of Rs. 79/- per equity share including a share premium of Rs. 78/- per equity share aggregating to Rs. 23.47 crores is herein after referred to as the "net offer". the offer and the net offer will constitute 26.40% and 25.07%, respectively, of the post issue paid up equity share capital of the company.
Issue
Opens On Closes On
28-Mar-25 03-Apr-25
Money Payable On
Application Allotment
79.00 0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 20.59 Share India Capital Services Pvt Ltd
Project Financed through Current Offer (.Cr) 24.71  
Post Issue Equity Share Capital (.Cr) 1.18
Issue Price () 79.00
Projects
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
General corporate purposes and unidentified acquisitions
Promoted By
Saurabh Kathuria
Abdur Rauf Rahmani
Yogeshh Goel
Listing At
BSE - SME
Registrar to the Issue
No Data Available
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