Infinity Infoway's IPO Skyrockets with 277x Subscription, Poised for Strong Market Debut
Infinity Infoway, a SaaS-based ERP solutions provider, is preparing for its stock market debut on October 8. The company's Rs 24.42 crore IPO was oversubscribed 277.24 times, with retail investors subscribing 303x, non-institutional investors 549x, and QIBs 157x. The grey market premium suggests a potential listing price of Rs 195-200, up from the issue price of Rs 155. Infinity Infoway, founded in 2008, offers ERP solutions for education, manufacturing, retail, and construction sectors. The company reported revenue of Rs 13.50 crore and profit of Rs 4.19 crore, showing YoY growth of 30% and 21% respectively. IPO proceeds will fund a new platform development, IT infrastructure upgrades, and working capital needs.

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Infinity Infoway, a leading SaaS-based ERP solutions provider, is set to make waves in the stock market with its upcoming debut on October 8. The company's Initial Public Offering (IPO) has garnered exceptional investor interest, achieving a staggering 277.24 times overall subscription – one of the highest among SME listings this year.
Subscription Details
The Rs 24.42 crore IPO saw overwhelming response across investor categories:
Investor Category | Subscription Rate |
---|---|
Retail Investors | 303.00x |
Non-Institutional | 549.00x |
QIBs | 157.00x |
Grey Market Premium
The stock is currently commanding a grey market premium of Rs 45 per share, representing a 29% increase over the issue price of Rs 155. This suggests a potential listing in the range of Rs 195-200, indicating strong investor confidence in the company's prospects.
Company Overview
Incorporated in 2008, Infinity Infoway specializes in providing customized ERP software solutions across various sectors:
- Education
- Manufacturing
- Retail
- Construction
The company boasts a diverse clientele, including notable names such as Nirma University and HiBond Cement.
Financial Performance
Infinity Infoway has demonstrated robust financial growth:
Metric | Amount (Rs cr) | YoY Growth |
---|---|---|
Revenue | 13.50 | 30.00% |
Profit | 4.19 | 21.00% |
IPO Proceeds Utilization
The funds raised from the IPO will be allocated towards:
- Development of a new ZeroTouch Device-as-a-Service platform
- IT infrastructure upgrades
- Working capital requirements
Market Outlook
The exceptional subscription rates across all investor categories highlight the strong demand for Infinity Infoway's shares. The company's focus on customized ERP solutions in high-growth sectors, coupled with its impressive financial performance, appears to have resonated well with investors.
As the company prepares for its market debut, all eyes will be on its listing performance and how it leverages the raised capital to fuel its growth strategies in the competitive SaaS and ERP solutions market.
Investors and market watchers alike will be keenly observing Infinity Infoway's journey as it transitions from a private entity to a publicly-traded company, potentially setting a benchmark for future SME listings in the Indian stock market.