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Infonative Solutions Ltd IPO
Status: Closed
Overview
IPO date
28 Mar 2025 to 03 Apr 2025
Face value
₹ 0 per share
Price
₹ 75 to ₹79 per share
Issue Size
3,128,000 shares
(aggregating up to ₹ 24.71 Cr)
(aggregating up to ₹ 24.71 Cr)
Allotment Date
04 Apr 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Miscellaneous
Objectives of Infonative Solutions Ltd IPO
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.
Infonative Solutions Ltd IPO Strategy
- Interactive Web-Based Trainings.
- Micro learning.
- High Fidelity Animation Videos.
- Virtual Instructor Led Training.
- Game-Based Learning.
- Software Application Simulations.
- Adaptive Learning.
- Flash to HTML5 Conversion.
- Video-Based Learning.
- Augmented Reality and Virtual Reality.
- Translation & Localization.
About Infonative Solutions Ltd
Infonative Solutions Limited was originally incorporated as a Private Company with the name of 'Yoghim Zippers Private Limited' dated September 13, 1998 issued by the Registrar of Companies, Delhi & Haryana. Further, name of the Company was changed from 'Yoghim Zippers Private Limited' to 'Yoghim Ziptech Private Limited' on May 13, 2002 by the Registrar of Companies. In 2014, the Company was taken over by three experienced and passionate founders namely- Mr. Yogeshh Goel, Mr. Saurabh Kathuria and Mr. Abdur Rauf Rahmani with a vision of revolutionize E-Learning Industry and to build a Company that could deliver high-quality, accessible e-learning corporate training and education solutions, courseware and LMS products and consequently, the name of the Company was changed from the 'Yoghim Ziptech Private Limited' to 'Infonative Solutions Private Limited' on April 3, 2014 by the Registrar of Companies, National Territory of Delhi & Haryana. Thereafter, Company got converted into a Public Company and the name was changed from 'Infonative Solutions Private Limited' to 'Infonative Solutions Limited' and a Fresh Certificate of Incorporation dated August 2, 2024 issued by the Registrar of Companies, National Territory of Delhi & Haryana.
The Company is principally engaged in business of developing and designing of e-learning Content and services and courseware & other product including providing cloud-based learning management system (LMS) etc. The nomenclature Infonative Solutions', is derived by combining the words, 'Information Technology' and 'Innovative Solutions' which reflects core businesses - supporting learning content solutions for the Corporate and Education sector.
The Company started modestly, operating from a small, 10-seater office at the bustling IT hub of Delhi at Nehru Place, New Delhi in 2014. Within a year, the Company outgrew its initial space and moved into a larger, 50-seater office, reflecting the rapid growth and increasing client base. In 2018, the Company made a strategic move by Investing in Mindscroll, a leading Learning Management System (LMS) software through the Group Company - Learnzippy E-Learning Services Private Limited by acquiring 10% stake in Learnzippy E-Learning Services Private Limited. This investment was a game-changer, enabling Infonative to offer a comprehensive suite of e Learning solutions that integrated cutting-edge technology with innovative educational methodologies.
The Company is planning a Fresh Issue of 31,28,000 Equity Shares through Initial Public Offer.
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T&C*
Strengths vs Risks of Infonative Solutions Ltd
Know the pros & cons
Strengths
Leveraging the experience of its Promoters.
- Experienced management team and a motivated and efficient work force.
- Integrated and sustainable business model.
- Cordial relations with its customers.
- Quality Deliverables.
- Track record of growth and profitability.
Risks
- A significant majority of its revenues from operations are derived from a limited number of customers.
- The company is bound by specific obligations and restrictive covenants outlined in the business agreements the company has entered with third parties. Failing to adhere to these obligations and covenants could potentially result in a significant negative impact on its business, prospects, cashflows, and financial condition.
- The company considerably relies on information technology systems which may be subject to vulnerabilities, disruptions, failures, or data breaches and thus may have the potential to negatively impact both its operations and the company reputation. Additionally, its ability to succeed is contingent on the company capacity to innovate, update, and adjust to emerging technological advancements.
- Security breaches and attacks against its tech platform, and any potential breach of or failures to otherwise protect personal, confidential and proprietary information, could damage its reputation and materially and adversely affect the company business, financial condition and results of operations.
- The company relies on its customers using one or more of its services, and are thus vulnerable to changes in consumer preferences and behavior that could adversely affect its profitability and financial condition.
- The company is dependent upon the business experience and skill of its promoters and management personnel. Loss of the company management personnel or its inability to attract or retain such qualified personnel, could adversely affect the company business, results of operations and financial condition.
- Sufficient working capital is essential to ensure the seamless daily operation of its business. If, for any reason, there is a disruption or the company encounter difficulties in obtaining the necessary working capital in a timely manner and under favorable terms, it could potentially have a detrimental impact on its operational efficiency, profitability, and prospects for growth.
- Any delays and/or defaults in customer payments could result in increase of working capital investment and/or reduction of the Company's profits, thereby affecting its operation and financial condition.
- Any failures to maintain, protect and enhance the company brand and reputation could have a material adverse effect on its business, financial condition and results of operations.
- The company has and will continue to introduce new products and services and its cannot assure you that such products and services will be profitable now or in the future.
- Its may not be able to successfully manage the growth of the company operations and execute its growth strategies which may have an adverse effect on its business, financial condition, results of operations and future prospects.
- The company has in past entered into related party transactions and its may continue to do so in the future.
- The company has not obtained credit ratings and may not be able to access capital to finance its operations and future growth of the company business, which could have a material adverse effect on its business, results of operations, financial condition, cash flows, and future prospects.
- The company propose to utilize the Net Proceeds to undertake inorganic growth for which the target may not be identified.
- Its may be unable to sufficiently obtain, maintain, protect, or enforce the company intellectual property and other proprietary rights.
- There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to RoC.
- If the company is not able to obtain, renew or maintain its statutory and regulatory licenses, registrations and approvals required to operate its business, it may have a material adverse effect on the company business, results of operations and financial condition.
- The company does not own the premises in which its registered office and corporate office is located and the same is on lease arrangement. Any termination of such lease/license and/or non -renewal thereof and attachment by Property Owner could adversely affect its operations.
- If the company is unable to establish and maintain an effective system of internal controls and compliances, its business and reputation could be adversely affected.
- The company insurance coverage may not adequately protect it against certain operating hazards and this may have a material adverse effect on its business.
- The company had not provided for gratuity in its book of accounts till the financial year ended March 31, 2023. There may be some penal action, in this regard.
- Certain of its client contracts can be terminated by the company clients without cause and with limited or no notice or penalty, which could negatively impact its revenue and profitability.
- The company has not commissioned an industry report for the disclosures made in the section titled `Its Industry' and made disclosures on the basis of the data available on the internet and such data has not been independently verified by the company.
- Its may not be successful in implementing the company business strategies.
- The Objects of the Issue for which funds are being raised, are based on its management estimates and
any bank or financial institution or any independent agency has not appraised the same.
- Its management will have broad discretion in how the company apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by us will result in any increase in the value of your investment.
- Its Group Company is engaged in activities which is similar to the company business.
- Its may be affected by competition law, the adverse application or interpretation of which could adversely affect its business.
- The company ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company financing arrangements.
- The average cost of acquisition of Equity Shares by its Promoter could be lower than the Issue Price.
- The requirements of being a public listed company may strain its resources and impose additional
requirements.
- There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
- The company cannot assure you that its equity shares will be listed on the SME platform of BSE Emerge in a timely manner or at all, which may restrict your ability to dispose of the equity shares.
- Sale of Equity Shares by its Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
- Subsequent to the listing of the Equity Shares, its may be subject to surveillance measures, such as the Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors.
- The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
- The Issue price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.
- Any future issuance of Equity Shares, or convertible securities or other equity linked securities by the Company may dilute your shareholding and any sale of Equity Shares by its Promoters or members of the company Promoter Group may adversely affect the trading price of the Equity Shares.
- Shareholders of Equity Shares may face limitations on exercising pre-emptive rights under Indian law,
potentially resulting in the dilution of their ownership positions in the future.
- Fluctuation in the exchange rate between the Indian Rupee and foreign currencies may have an adverse effect on the value of its Equity Shares, independent of the company operating results.
- Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
- QIB and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.
- There are restrictions on daily movements in the trading price of the Equity Shares, which may adversely affect a shareholder's ability to sell Equity Shares or the price at which Equity Shares can be sold at a particular point in time.
- Investors may be subject to Indian taxes arising out of capital gains on the sale of the Equity Shares.
- Under Indian law, foreign investors are subject to investment restrictions that limit its ability to attract foreign investors, which may adversely affect the trading price of the Equity Shares.
How to check the allotment status of Infonative Solutions Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
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The IPO opens on 28 Mar 2025 & closes on 03 Apr 2025.
Infonative Solutions Limited was originally incorporated as a Private Company with the name of 'Yoghim Zippers Private Limited' dated September 13, 1998 issued by the Registrar of Companies, Delhi & Haryana. Further, name of the Company was changed from 'Yoghim Zippers Private Limited' to 'Yoghim Ziptech Private Limited' on May 13, 2002 by the Registrar of Companies. In 2014, the Company was taken over by three experienced and passionate founders namely- Mr. Yogeshh Goel, Mr. Saurabh Kathuria and Mr. Abdur Rauf Rahmani with a vision of revolutionize E-Learning Industry and to build a Company that could deliver high-quality, accessible e-learning corporate training and education solutions, courseware and LMS products and consequently, the name of the Company was changed from the 'Yoghim Ziptech Private Limited' to 'Infonative Solutions Private Limited' on April 3, 2014 by the Registrar of Companies, National Territory of Delhi & Haryana. Thereafter, Company got converted into a Public Company and the name was changed from 'Infonative Solutions Private Limited' to 'Infonative Solutions Limited' and a Fresh Certificate of Incorporation dated August 2, 2024 issued by the Registrar of Companies, National Territory of Delhi & Haryana.
The Company is principally engaged in business of developing and designing of e-learning Content and services and courseware & other product including providing cloud-based learning management system (LMS) etc. The nomenclature Infonative Solutions', is derived by combining the words, 'Information Technology' and 'Innovative Solutions' which reflects core businesses - supporting learning content solutions for the Corporate and Education sector.
The Company started modestly, operating from a small, 10-seater office at the bustling IT hub of Delhi at Nehru Place, New Delhi in 2014. Within a year, the Company outgrew its initial space and moved into a larger, 50-seater office, reflecting the rapid growth and increasing client base. In 2018, the Company made a strategic move by Investing in Mindscroll, a leading Learning Management System (LMS) software through the Group Company - Learnzippy E-Learning Services Private Limited by acquiring 10% stake in Learnzippy E-Learning Services Private Limited. This investment was a game-changer, enabling Infonative to offer a comprehensive suite of e Learning solutions that integrated cutting-edge technology with innovative educational methodologies.
The Company is planning a Fresh Issue of 31,28,000 Equity Shares through Initial Public Offer.
Infonative Solutions Ltd IPO will close on 03 Apr 2025.
- Leveraging the experience of its Promoters.
- Experienced management team and a motivated and efficient work force.
- Integrated and sustainable business model.
- Cordial relations with its customers.
- Quality Deliverables.
- Track record of growth and profitability.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Saurabh Kathuria | 3317340 | 38.04 | 3317340 | 28 |
| 2 | Abdur Rauf Rahmani | 3283040 | 37.65 | 3283040 | 27.71 |
| 3 | Yogeshh Goel | 1607320 | 18.43 | 1607320 | 13.57 |
- A significant majority of its revenues from operations are derived from a limited number of customers.
- The company is bound by specific obligations and restrictive covenants outlined in the business agreements the company has entered with third parties. Failing to adhere to these obligations and covenants could potentially result in a significant negative impact on its business, prospects, cashflows, and financial condition.
- The company considerably relies on information technology systems which may be subject to vulnerabilities, disruptions, failures, or data breaches and thus may have the potential to negatively impact both its operations and the company reputation. Additionally, its ability to succeed is contingent on the company capacity to innovate, update, and adjust to emerging technological advancements.
- Security breaches and attacks against its tech platform, and any potential breach of or failures to otherwise protect personal, confidential and proprietary information, could damage its reputation and materially and adversely affect the company business, financial condition and results of operations.
- The company relies on its customers using one or more of its services, and are thus vulnerable to changes in consumer preferences and behavior that could adversely affect its profitability and financial condition.
- The company is dependent upon the business experience and skill of its promoters and management personnel. Loss of the company management personnel or its inability to attract or retain such qualified personnel, could adversely affect the company business, results of operations and financial condition.
- Sufficient working capital is essential to ensure the seamless daily operation of its business. If, for any reason, there is a disruption or the company encounter difficulties in obtaining the necessary working capital in a timely manner and under favorable terms, it could potentially have a detrimental impact on its operational efficiency, profitability, and prospects for growth.
- Any delays and/or defaults in customer payments could result in increase of working capital investment and/or reduction of the Company's profits, thereby affecting its operation and financial condition.
- Any failures to maintain, protect and enhance the company brand and reputation could have a material adverse effect on its business, financial condition and results of operations.
- The company has and will continue to introduce new products and services and its cannot assure you that such products and services will be profitable now or in the future.
- Its may not be able to successfully manage the growth of the company operations and execute its growth strategies which may have an adverse effect on its business, financial condition, results of operations and future prospects.
- The company has in past entered into related party transactions and its may continue to do so in the future.
- The company has not obtained credit ratings and may not be able to access capital to finance its operations and future growth of the company business, which could have a material adverse effect on its business, results of operations, financial condition, cash flows, and future prospects.
- The company propose to utilize the Net Proceeds to undertake inorganic growth for which the target may not be identified.
- Its may be unable to sufficiently obtain, maintain, protect, or enforce the company intellectual property and other proprietary rights.
- There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to RoC.
- If the company is not able to obtain, renew or maintain its statutory and regulatory licenses, registrations and approvals required to operate its business, it may have a material adverse effect on the company business, results of operations and financial condition.
- The company does not own the premises in which its registered office and corporate office is located and the same is on lease arrangement. Any termination of such lease/license and/or non -renewal thereof and attachment by Property Owner could adversely affect its operations.
- If the company is unable to establish and maintain an effective system of internal controls and compliances, its business and reputation could be adversely affected.
- The company insurance coverage may not adequately protect it against certain operating hazards and this may have a material adverse effect on its business.
- The company had not provided for gratuity in its book of accounts till the financial year ended March 31, 2023. There may be some penal action, in this regard.
- Certain of its client contracts can be terminated by the company clients without cause and with limited or no notice or penalty, which could negatively impact its revenue and profitability.
- The company has not commissioned an industry report for the disclosures made in the section titled `Its Industry' and made disclosures on the basis of the data available on the internet and such data has not been independently verified by the company.
- Its may not be successful in implementing the company business strategies.
- The Objects of the Issue for which funds are being raised, are based on its management estimates and any bank or financial institution or any independent agency has not appraised the same.
- Its management will have broad discretion in how the company apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by us will result in any increase in the value of your investment.
- Its Group Company is engaged in activities which is similar to the company business.
- Its may be affected by competition law, the adverse application or interpretation of which could adversely affect its business.
- The company ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company financing arrangements.
- The average cost of acquisition of Equity Shares by its Promoter could be lower than the Issue Price.
- The requirements of being a public listed company may strain its resources and impose additional requirements.
- There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
- The company cannot assure you that its equity shares will be listed on the SME platform of BSE Emerge in a timely manner or at all, which may restrict your ability to dispose of the equity shares.
- Sale of Equity Shares by its Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
- Subsequent to the listing of the Equity Shares, its may be subject to surveillance measures, such as the Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors.
- The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
- The Issue price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.
- Any future issuance of Equity Shares, or convertible securities or other equity linked securities by the Company may dilute your shareholding and any sale of Equity Shares by its Promoters or members of the company Promoter Group may adversely affect the trading price of the Equity Shares.
- Shareholders of Equity Shares may face limitations on exercising pre-emptive rights under Indian law, potentially resulting in the dilution of their ownership positions in the future.
- Fluctuation in the exchange rate between the Indian Rupee and foreign currencies may have an adverse effect on the value of its Equity Shares, independent of the company operating results.
- Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
- QIB and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.
- There are restrictions on daily movements in the trading price of the Equity Shares, which may adversely affect a shareholder's ability to sell Equity Shares or the price at which Equity Shares can be sold at a particular point in time.
- Investors may be subject to Indian taxes arising out of capital gains on the sale of the Equity Shares.
- Under Indian law, foreign investors are subject to investment restrictions that limit its ability to attract foreign investors, which may adversely affect the trading price of the Equity Shares.
The Issue type of Infonative Solutions Ltd is Book Building - SME.
The minimum application for shares of Infonative Solutions Ltd is 1600.
The total shares issue of Infonative Solutions Ltd is 3128000.
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.
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