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Infinity Infoway IPO
Price Band
₹147.0–155.0
Issue Size
₹24.42 Cr
Lot Size
800 shares
Min Investment
₹248,000
2 LOTS MIN
GMP
+₹60.0 (38.71%)
Issue Price
₹155.0
Subject to Sauda
₹36500
Paid only if allotted
Infinity Infoway IPO AI Summary
- Infinity Infoway IPO is listed on BSE SME in the IT Enabled Services sector.
- Price band: ₹147.0–₹155.0 per share, lot size 800 shares (min. investment ₹248,000, 2 lots minimum).
- Subscription window: 30 Sep–03 Oct 2025, listing on 08 Oct 2025.
- Current GMP is +₹60.0 (38.71%), an estimated listing price of ₹215 — unofficial and can change daily.
Infinity Infoway Limited is an established SaaS company with a strong focus on cloud-based ERP solutions. The company has shown consistent revenue and profit growth over the past three fiscal years. With a solid management team and a diverse range of services, it aims to utilize the proceeds from its IPO for product development and operational enhancements.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Infinity Infoway IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Oct 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Infinity Infoway IPO Grey Market Premium (GMP) Today
GMP
+₹60.0
GMP %
+38.71%
Est. Listing
₹215.0
Updated: 25 Jul 2026 14:15
About the Company
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: Web development and digital learning platforms Online exam portals and QPDS Custom ERP development Business process consulting ERP support and manpower outsourcing 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 Expert Management Team with Industry Domain Knowledge AI enabled products developed in line National Education Policy-2020. Ensuring Successful ERP Implementation Established Company with Strong Financial Performance Robust Products & Services
Company Financials (₹ Cr)
As of 2025-03-31
| 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 |
Key Ratios
EPS
₹11.22
NAV
₹32.70
ROE
47.33%
ROCE
43.95%
RoNW
33.06%
P/B Value
4.74
P/E Ratio
13.81
Market Cap
₹82.31 Cr
PAT Margin
31.77%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Vertexplus Technologies Limited | 43.9 | 3.67% | 62.5 | 1.6 | 1.6 |
| Infinity Infoway Ltd. This IPO | 32.7 | 33.06% | — | 11.26 | 11.26 |
Promoters
Bhaveshkumar Dhirajlal Gadhethriya, Dhirajlal Bhanjibhai Gadhethariya and Rinaben Bhaveshkumar Gadhethariya
Objects of the Issue
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 6 Issue Expenses 2.42 Total 24.44
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹5.38 Cr in the period ending 31 Mar 2023, rising to ₹10.35 Cr by 31 Mar 2024, and further increasing to ₹13.48 Cr by 31 Mar 2025. This shows a consistent upward trend in total income over the three fiscal years.
Profit Trend
Profit After Tax was ₹0.94 Cr in the period ending 31 Mar 2023, increasing to ₹3.47 Cr by 31 Mar 2024, and further rising to ₹4.19 Cr by 31 Mar 2025. This indicates a positive growth trajectory in profitability across the reported periods.
Valuation
Infinity Infoway's implied P/E at the issue price of ₹155.0 is approximately 13.81, compared to peers trading at a P/E of 62.5. This suggests that Infinity Infoway is priced at a significantly lower multiple than its peers.
Grey Market Premium, Explained
The Grey Market Premium (GMP) reflects the expected listing gains of an IPO based on unofficial trading before the stock is listed on the exchange. A positive GMP indicates that investors anticipate the stock will list at a price higher than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is advisable to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable investments may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 30 September 2025 and closes on 3 October 2025. Allotment of shares is expected to be finalized by 6 October 2025, with the listing date set for 8 October 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make if the stock price rises on the day it is listed. However, these gains are not guaranteed and can be influenced by market conditions and investor sentiment on the listing day.
This evaluation is generated from Infinity Infoway's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Infinity Infoway IPO GMP today?
Infinity Infoway IPO GMP today is +₹60.0 (38.71%), indicating an estimated listing price of ₹215. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Infinity Infoway IPO?
The price band of Infinity Infoway IPO is ₹147.0–₹155.0 per share.
When does Infinity Infoway IPO open and close?
Infinity Infoway IPO opens on 30 September 2025 and closes on 03 October 2025.
When does Infinity Infoway IPO list on the stock exchange?
Infinity Infoway IPO listed on 08 October 2025 at ₹215.0.
What is the lot size for Infinity Infoway IPO?
The lot size for Infinity Infoway IPO is 800 shares, requiring a minimum investment of ₹248,000 (2 lots).
What is the price band for the Infinity Infoway IPO?
The price band for the Infinity Infoway IPO is ₹147.0 to ₹155.0.
What is the minimum investment required for this IPO?
The minimum investment required is ₹248,000, which corresponds to a lot size of 800 shares.
When is the listing date for Infinity Infoway?
The listing date for Infinity Infoway is 8 October 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing gains of an IPO based on unofficial trading before the stock is listed.
What is the allotment date for this IPO?
The allotment date for the Infinity Infoway IPO is 6 October 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Sep 2025
Close
03 Oct 2025
Allotment
06 Oct 2025
Listing
08 Oct 2025
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