The investment community is buzzing with anticipation as Infonative Solutions Limited prepares to finalize its IPO allotment today, April 4, 2025, marking a significant milestone for this emerging tech company in India’s vibrant small and medium enterprise landscape. After a week-long subscription period that concluded on April 3, investors are eagerly refreshing their screens to discover whether their applications have been successful in securing shares of this Rs 24.71-crore BSE SME offering.
The IPO has garnered substantial attention, achieving an overall subscription of 4.53 times across investor categories, with particularly strong interest from qualified institutional buyers who oversubscribed their portion by an impressive 18.57 times. With the grey market already indicating a premium of 6.33% over the issue price of Rs 79, early investors are hoping this positive sentiment translates into substantial listing gains when the company debuts on the BSE SME platform on April 8. For those awaiting allotment results, this comprehensive guide provides everything you need to know about checking your application status and understanding what the current market signals suggest for Infonative Solutions’ market debut.
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Infonative Solutions IPO: Subscription Status and Market Response
The recently concluded Initial Public Offering of Infonative Solutions has demonstrated considerable investor interest across all categories, achieving an overall subscription of 4.53 times by the close of the bidding period on April 3. The company received bids for 1,34,46,400 shares against the 29,71,201 shares on offer, reflecting strong market confidence in this technology-focused SME.
Breaking down the subscription figures reveals a nuanced picture of investor sentiment across different categories. Retail investors showed solid support with a subscription rate of 4.25 times their allocated portion, while non-institutional investors (NIIs) subscribed 2.15 times their segment. The most striking response came from qualified institutional buyers (QIBs), who oversubscribed their category by an impressive 18.57 times, signaling strong institutional confidence in the company’s business model and growth prospects.
The Rs 24.71-crore offering, entirely comprising fresh issuance of 31.28 lakh shares, was priced in the band of Rs 75 to Rs 79 per share. This pricing strategy appears to have struck the right balance between accessibility for retail investors and valuation expectations. Market observers note that the company’s decision to list on the BSE SME platform aligns with its current scale while providing sufficient liquidity for investors. The minimum application size was set at 1,600 shares, requiring a retail investment of Rs 1,20,000 at the upper price band, while high-net-worth individuals (HNIs) needed to apply for at least 3,200 shares amounting to Rs 2,52,800.
Current grey market trends provide an early indication of potential listing performance, with Infonative Solutions’ shares commanding a premium of Rs 5 (approximately 6.33%) over the issue price in unofficial trading. While modest compared to some recent high-profile listings, this premium suggests investors can expect positive returns when the shares debut on April 8. Market analysts caution that grey market premiums are subject to fluctuation and don’t always translate to equivalent listing gains, but the persistent positive premium throughout the subscription period indicates sustained investor optimism.
How to Check Your Infonative Solutions IPO Allotment Status Today
The much-anticipated allotment of Infonative Solutions IPO shares is expected to be finalized by evening today, April 4, 2025. Once complete, investors will begin receiving notifications through SMS and email, along with bank account debits for successful applicants. For those eager to know their allotment status without waiting for official communications, there are two convenient online methods to check results immediately after finalization.
The first method involves checking through the official BSE website, which provides a dedicated platform for IPO investors. Begin by navigating to the BSE’s official investor portal at BSE. Once there, select ‘Equity’ under the ‘Issue Type’ dropdown menu, then choose ‘Infonative Solutions Limited’ from the ‘Issue Name’ section. You’ll then need to enter either your application number or PAN (Permanent Account Number) for identification. After completing the captcha verification by clicking ‘I’m not a robot,’ hit the ‘Search’ button to instantly view your application status. The results will clearly indicate whether you’ve been allocated shares and, if so, how many.
Alternatively, investors can check their allotment status directly through Kfin Technologies Limited, the registrar for this IPO. Visit their dedicated portal at kfintech and select ‘Infonative Solutions’ from the company dropdown. Enter your application details as prompted, complete the verification, and submit to view your allotment results. This method offers identical information but may be preferred by some investors due to its streamlined interface.
Successful applicants should note that shares will be credited to their demat accounts by April 7, 2025, a day before the listing. If your application is unsuccessful, the refund process will be initiated on the same day, with funds typically returning to your account within one working day. For partial allotments, the excess application amount will be refunded according to the same timeline.
Understanding Infonative Solutions’ Grey Market Premium and Listing Prospects
The grey market premium (GMP) serves as an unofficial barometer of investor sentiment ahead of a company’s stock market debut, often providing valuable insights into potential listing day performance. For Infonative Solutions, the current grey market premium stands at approximately Rs 5 per share, representing a 6.33% premium over the issue price of Rs 79. This translates to an expected listing price of around Rs 84 based on current grey market activity, suggesting modest but positive listing gains for IPO investors.
While a 6.33% premium may appear conservative compared to some recent high-profile listings that commanded double-digit or even triple-digit premiums, market analysts point out that this level of GMP is actually healthy for an SME listing. It indicates genuine investor interest while reducing the risk of speculative excess that can lead to unsustainable price movements. Furthermore, the consistency of the premium throughout the subscription period suggests stable demand rather than erratic speculation.
Several factors influence Infonative Solutions’ current GMP and potential listing performance. The overall market sentiment remains cautiously optimistic, with the broader indices showing resilience despite global economic uncertainties. The IT sector, in particular, has demonstrated strength as digital transformation initiatives continue to drive demand for technology solutions. Infonative’s business focus on data-driven enterprise services positions it advantageously within this sector. Additionally, the company’s subscription figures, particularly the strong institutional interest reflected in the 18.57 times QIB subscription, provide fundamental support for positive listing expectations.
Investors should remember that grey market premiums are unofficial indicators based on informal trading agreements and can fluctuate significantly before listing day. They are influenced not only by company-specific factors but also by broader market movements and liquidity conditions. The four-day gap between allotment and listing (April 4 to April 8) provides ample time for market sentiment to evolve, potentially affecting the actual listing price in either direction.
| Investor Category | Subscription Ratio | Shares Bid For | Shares Offered |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 18.57x | – | – |
| Non-Institutional Investors (NIIs) | 2.15x | – | – |
| Retail Individual Investors (RIIs) | 4.25x | – | – |
| Overall | 4.53x | 1,34,46,400 | 29,71,201 |
Infonative Solutions: Company Profile and IPO Utilization Plans
Infonative Solutions Limited has positioned itself as an emerging player in India’s technology services sector, specializing in data analytics, enterprise solutions, and digital transformation services. Founded in 2018, the company has established a growing presence in the domestic market while beginning to explore international opportunities, particularly in Southeast Asia and the Middle East. Its client portfolio spans multiple industries including finance, healthcare, retail, and manufacturing, with a focus on mid-sized enterprises seeking technological modernization.
The company’s decision to go public through the BSE SME platform aligns with its current scale and growth trajectory. The Rs 24.71-crore raised through this fresh issue will be strategically deployed across several key areas according to the IPO prospectus. Approximately 35% of the proceeds are allocated toward enhancing technological infrastructure and research capabilities, enabling the development of proprietary solutions with higher profit margins. Another 25% is earmarked for geographical expansion, including establishing new regional offices and strengthening the sales team. Working capital requirements will absorb roughly 20% of the funds, supporting the company’s growing operations and project pipeline. The remaining proceeds will address general corporate purposes and IPO expenses.
The company reported revenue of Rs 47.2 crore in FY24 with a net profit of Rs 4.8 crore, representing a profit margin of approximately 10.2%. This financial profile, while modest in absolute terms, demonstrates healthy profitability in a competitive sector. The management has articulated a growth strategy focused on expanding service offerings in emerging technologies like artificial intelligence and machine learning, deepening relationships with existing clients, and pursuing strategic acquisitions to accelerate capability enhancement.
Share India Capital Services Private Limited has served as the book-running lead manager for this IPO, while Kfin Technologies Limited has handled registrar responsibilities. The market-making activities will be undertaken by Share India Securities Limited, ensuring liquidity for the shares after listing on the BSE SME platform.
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Frequently Asked Questions
What happens if I don’t get allotment in the Infonative Solutions IPO?
If your application for the Infonative Solutions IPO is unsuccessful, the entire application amount will be refunded to your bank account. The refund process typically begins on the same day as the allotment finalization (April 4, 2025) and is usually completed within one working day. You’ll receive an official communication regarding the status, and the funds will be returned to the same bank account from which the application payment was made. There’s no need to file any separate refund request as this process is handled automatically by the registrar, Kfin Technologies Limited. For future IPO opportunities, consider diversifying your application strategy by applying across different categories if eligible, or applying in the names of different family members to increase your chances of allotment.
How significant is the 6.33% Grey Market Premium for Infonative Solutions IPO?
The current Grey Market Premium (GMP) of 6.33% for Infonative Solutions suggests moderate but positive investor sentiment ahead of listing. For an SME IPO, this level of premium is actually considered healthy, indicating genuine investor interest rather than speculative excess. While some high-profile mainboard IPOs have seen GMPs of 50-100% or more, such premiums often lead to unsustainable post-listing volatility and subsequent price corrections. The 6.33% premium (approximately Rs 5 over the issue price of Rs 79) indicates that investors can reasonably expect modest listing gains on April 8, assuming market conditions remain stable. However, it’s important to note that GMP is an unofficial indicator based on informal trading that occurs before listing and can fluctuate significantly based on broader market sentiment. Long-term investors should focus on the company’s fundamentals and growth potential rather than making decisions solely based on short-term listing gains indicated by GMP.
