Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Infinity Infoway IPO
Infinity Infoway Ltd
₹1,17,600 /800 sharesMinimum Investment
Infinity Infoway IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 30 Sep ‘25 - 3 Oct ‘25 | ₹2,35,200 | 800 | ₹147 - ₹155 |
| Issue Size | IPO Doc |
|---|---|
| 24.42Cr | RHP PDF |
Subscription rate
As of 30 Sep'25, 03:02 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.04x |
| Retail Individual Investor | 0.16x |
| Total | 0.08x |
About Infinity Infoway
Founded in
2008
Managing director
Mr. Bhaveshkumar Dhirajlal Gadhethriya
Parent organisation
Infinity Infoway Ltd
Strengths & Financials of Infinity Infoway
Strengths
Risks
Infinity Infoway claims to have developed ERP products that are enabled with artificial intelligence (AI) and aligned with the objectives of India’s National Education Policy (NEP) 2020. These products claim to support modernisation in the education sector by integrating digital solutions.
The company claims to have a track record in successfully implementing ERP solutions for higher education institutions. Over the past three fiscal years, the company claims to have deployed its “campus management system” in 26 universities across India. It also claims to have active annual maintenance contracts with 22 universities.
The company is ISO/IEC 27001:2022 certified for information security management systems and ISO 9001:2015 certified for quality management systems.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 5.17 crore in FY23 to Rs 10.17 crore in FY24 and Rs 13.19 crore in FY25. PAT increased from Rs 0.94 crore in FY23 to Rs 3.47 crore in FY24 and Rs 4.19 crore in FY25.
The company’s top 10 customers accounted for Rs 8.37 crore (63.44 percent) of the company’s total revenue in FY25, Rs 8.49 crore (83.47 percent) in FY24, and Rs 3.69 crore (71.45 percent) in FY23. Loss of these customers or a decline in business from them could adversely affect the company’s finances and operations.
The company’s top 10 suppliers accounted for Rs 1.29 crore (88.10 percent) of the company’s total purchases in FY25 and Rs 1.14 crore (81.11 percent) in FY24. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company derives a large portion of its revenue from the state of Gujarat. It accounted for Rs 12.29 crore (93.16 percent) of the company’s total revenue in FY25, Rs 9.46 crore (93.03 percent) in FY24, and Rs 3.97 crore (76.76 percent) in FY23. Any political, social, or economic developments in this region or any sudden regulatory restrictions could adversely affect the company’s business operations and finances.
The company derived 32.82 percent of its total revenue from government tenders in FY25, 61.34 percent in FY24, and 65.45 percent in FY23. Any failure to qualify for or win such tenders in the future could adversely affect the company’s business operations and financial performance.
The company had trade receivables of Rs 5.69 crore as of FY25, an increase from Rs 4.02 crore in FY24 and Rs 1.28 crore in FY23. Any failure to collect these receivables on time or at all can negatively impact the company’s business and financial condition.
The company reported negative cash flows from investing activities, which amounted to Rs 2.84 crore in FY25, Rs 1.16 crore in FY24, and Rs 0.80 crore in FY23, primarily on account of purchases of fixed assets, investments, and changes in bank balances. Negative cash flows from financing activities totalled Rs 0.27 crore in FY24 and Rs 0.38 crore in FY23, on account of receipt of security premium and repayment of short- and long-term borrowings. If these negative cash flows persist, it could adversely affect the company’s ability to meet its working capital needs or repay loans without raising additional external financing, thereby impacting its financial condition and operations.
The company, its promoters, and its directors (other than promoters) are involved in various legal proceedings, including tax and criminal cases. Any adverse judgment in any of these cases could be detrimental to the company’s business prospects.
Infinity Infoway Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Infinity Infoway IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Individual investor | ₹147 - 155 | ₹2 - 5 Lakh |
For Infinity Infoway IPO, eligible investors can apply as Individual investor.