Infonative Solutions IPO opens today: Price band, GMP, and key details to know

The initial public offer (IPO) of Infonative Solutions will open for subscription on March 28. The issue will be available for bidding till April 2. The company plans to raise Rs 25 crore through the public offer and will list the shares on the BSE SME platform.

The company has reserved 50% of the shares for qualified institutional investors, 35% for retail investors and the rest 15% for non-institutional investors.

Check Infonative Solutions IPO price band

Infonative Solutions has fixed a price band of Rs 75-79 per share, where investors can bid for 1,600 shares in one lot.

What is Infonative Solutions GMP

Infonative Solutions IPO GMP is zero ahead of the issue opening in the unlisted market, in line with most other SME IPOs launched this year.

Use of IPO proceeds

The proceeds from the IPO will be used for development of new products, courses and new features in LMS, working capital requirements and general corporate purposes.

Key Dates: Allotment and Listing

The allotment of shares will be finalized on April 3. The company’s shares are expected to be listed on the stock exchange on April 7.

About Infonative Solutions

Infonative Solutions is principally engaged in the business of developing and designing of Elearning Content and services and courseware and other products including providing cloud-based learning management system (LMS). The nomenclature ‘Infonative Solutions’, is derived by combining the words, “Information Technology” and “Innovative Solutions” which reflects its core business - supporting learning content solutions for the Corporate and Education sector.

Today, the company is engaged in crafting bespoke e-learning solutions, learning consulting and courseware and off the shelf content including learning management systems. It provides cutting-edge e-learning delivery services designed to enhance business impact for clients.

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