Infinity Infoway Limited
Bookbuilding IPO · BSE
- Price band
- ₹147 - ₹155
- Lot size
- 800 shares
- Issue amount
- ₹24.42 cr
- Total subscription
- 277.28×
- Opens
- 30 Sept 2025
- Closes
- 3 Oct 2025
- Allotment
- 6 Oct 2025
- Listing
- 8 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 15,75,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,17,600
- Fresh issue
- ₹24.42 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,24,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 38,77,000
- Shares after issue
- 54,52,200
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 1,600 | ₹2,48,000 |
| sHNI | 3 | 2,400 | ₹3,72,000 |
| bHNI | 9 | 7,200 | ₹11,16,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 3 Oct 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 89 |
| NIB | 0 | 20,854 |
| RETAIL | 300 | 90,818 |
| EMPLOYEES | 0 | 42 |
| HNIs(10L +) | 57 | 11,765 |
| HNIs (2-10L) | 29 | 9,089 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.23 | 664.45 |
| FIIs | 0 | 186.36 |
| Others | 0 | 469.58 |
| RETAIL | 7.43 | 2,252.29 |
| HNIs 2+ | 1.07 | 372.16 |
| HNIs 10+ | 2.13 | 1,385.54 |
| EMPLOYEES | 2.01 | 1.54 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 11.26 | 9.6 | 2.6 |
| ROE | 47.33 | 104.85 | 86.16 |
| ROCE | 43.95 | 85.01 | 58.82 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 13.81 | 0 | 0 |
| POST IPO(PE) | 19.64 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Vertexplus Technologies Limited | 62.5 | NA | 10 | 43.9 | 3.67 | 1.6 |
| Infinity Infoway Ltd | NA | NA | 10 | 32.7 | 33.06 | 11.26 |
Company information
Company profile
Infinity Infoway Limited, established in 2008, is a SaaS-based company that specializes in delivering customized, cloud-based ERP (Enterprise Resource Planning) solutions. With a strong nationwide footprint, the company serves a variety of sectors including education, manufacturing, retail, construction, CRM, supply chain management, and human resource management. Its core offering is a Campus Management System, an ERP product currently deployed in 26 universities, designed to streamline operations such as student administration, attendance tracking, exam scheduling, and academic monitoring. Additionally, the company provides industrial ERP solutions encompassing modules like sales, accounting, GST, CRM, and supply chain management, with 13 such systems implemented over the last three financial years for enterprises ranging from small to large. Infinity Infoway also delivers services in web development, digital learning platforms, online examination portals, question paper distribution systems, custom ERP development, business process consulting, ERP support, and manpower outsourcing. Its clientele includes reputed names like Nirma University, Saurashtra University, Shivaji University, Indian Institute of Science Education & Research, HiBond Cement, Davat Beverages, and Kich – Steel for Life. To support its future plans, the company intends to raise ₹18.94 crores, which will be allocated towards product development (₹3.75 crores) for building its "ZEROTOUCH" Device-as-a-Service (DaaS) platform, enhancing IT infrastructure (₹2.61 crores) including hardware acquisition and security certifications, facilitating business growth (₹4 crores) by providing deposits to participate in large-scale government and corporate tenders, and strengthening working capital (₹8.58 crores) to support daily operations and scalability. The entire amount will be allocated among these specific objectives, with no additional portion set aside for general purposes.
Strengths
- Experienced Leadership & Domain Mastery: A seasoned leadership team equipped with in-depth industry knowledge and robust execution skills, driving effective, client-centric solutions.
- AI-Integrated NEP-Aligned ERP Solutions: Creation of ERP platforms tailored to meet the requirements of National Education Policy (NEP) 2020, leveraging Artificial Intelligence to boost operational efficiency, enable digital learning, and deliver personalized institutional experiences.
- Established ERP Deployment Success: Proven implementation of the “Campus Management System” across 26 universities, with 22 maintaining active Annual Maintenance Contracts (AMCs), ensuring sustained support and strong client engagement.
Risk factors
- Technology Evolution Risk: Inability to adapt or upgrade offerings in response to fast-paced technological advancements could hinder growth and reduce market competitiveness.
- Client Support Risk: Ineffective or delayed customer service may strain client relationships and adversely impact overall business performance.
- Patent Clearance Risk: The Zerotouch technology patent remains under review; potential non-approval could diminish anticipated competitive edge.
Promoters
Mr. Bhaveshkumar Dhirajlal Gadhethriya
Mr. Dhirajlal Bhanjibhai Gadhethariya
Mrs. Rinaben Bhaveshkumar Gadhethariya
Registrar & documents
Lead manager
Holani Consultants Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
P-9, NR. Water Tank, Visvakarma Society, Mavadi Chokdi, Rajkot, Gujrat, India, 360004 Rajkot, Gujarat, 360004
9687800336
[email protected]Understanding INFINITY IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.