Infonative Solutions Limited, established in September 1998, is a New Delhi-based company specializing in comprehensive learning solutions for corporations and educational institutions. Infonative Solutions Limited is launching its Infonative Solutions Limited IPO.
Their offerings include eLearning, instructor-led training (ILT), mobile learning, game-based learning, and augmented/virtual reality solutions, serving sectors such as BFSI, consulting, IT/ITES, education, oil & gas, and FMCG.
Infonative Solutions Limited IPO Details:
- IPO Opening Date: March 28, 2025
- IPO Closing Date: April 3, 2025
- Price Band: ₹75 to ₹79 per share
- Issue Size: 3,128,000 equity shares, aggregating up to ₹24.71 crores
- Lot Size: 1,600 shares
- Minimum Investment: ₹120,000 for retail investors
- Basis of Allotment: April 4, 2025
- Refund Initiation Date: April 5, 2025
- Shares Credit to Demat: April 7, 2025
- Listing Date: April 8, 2025, on the BSE SME platform
Promoters:
- Mr. Saurabh Kathuria
- Mr. Abdur Rauf Rahmani
Financial Performance:
- 2024 Revenue: ₹18.08 crores
- 2023 Profit: ₹1.07 crores
- 2024 Profit: ₹1.45 crores
Infonative Solutions Limited IPO Lot Size
Here is the Infonative Solutions Limited IPO Lot Size details in a table format:
| Application | Lots | Shares | Amount |
| Retail (Minimum) | 1 | 1,600 shares | ₹1,26,400 |
| Retail (Maximum) | 1 | 1,600 shares | ₹1,26,400 |
| HNI (Minimum) | 2 | 3,200 shares | ₹2,52,800 |
Key Points:
- Minimum Investment (Retail): ₹126,400 (1,600 shares)
- HNI Investors need to apply for at least 2 lots (3,200 shares)
- Allotment in multiples of 1,600 shares
About Infonative Solutions Limited
- Founded: September 1998
- Headquarters: New Delhi, India
- Industry: Learning & Development, EdTech Solutions
Company Overview
Infonative Solutions Limited is a learning and development solutions provider specializing in e-learning, instructor-led training (ILT), mobile learning, and digital learning innovations. The company offers services to diverse industries, including:
- BFSI (Banking, Financial Services & Insurance)
- IT & ITeS
- Consulting & Professional Services
- Oil & Gas
- Education & FMCG
Their solutions include game-based learning, AI-driven training platforms, and augmented/virtual reality-based education modules.
Key Services
- Corporate Learning Solutions – Tailor-made training programs for employees
- E-Learning & Digital Content Development – Interactive and engaging learning modules
- AI-Based Learning Platforms – Personalized training experiences powered by AI
- Gamification & Simulation Training – Game-based learning for better engagement
- Augmented Reality (AR) & Virtual Reality (VR) Learning – Immersive education experiences
Leadership Team
- Saurabh Kathuria – Founder & Managing Director
- Abdur Rauf Rahmani – Director
- Yogeshh Goel – Director
Infonative Solutions Limited IPO Promoter Holding
Here is the promoter holding structure for Infonative Solutions Limited IPO:
| Shareholding | Percentage |
| Pre-IPO Promoter Holding | 97.18% |
| Post-IPO Promoter Holding | 71.71% |
After the IPO, promoter holding will decrease from 97.18% to 71.71%, as new shares will be issued to the public.
Infonative Solutions Limited Financial Information
Here is the financial information of Infonative Solutions Limited in a table format:
| Financial Year | FY 2024 | 2023 | FY 2022 |
| Revenue | ₹18.08 Crores | ₹20.95 Crores | ₹13.50 Crores |
| EBITDA | ₹2.68 Crores | ₹2.24 Crores | ₹1.59 Crores |
| Net Profit | ₹1.45 Crores | ₹1.07 Crores | ₹0.61 Crores |
| Net Worth | ₹7.23 Crores | ₹5.78 Crores | ₹4.71Crores |
Key Takeaways:
- Revenue Growth: The company’s revenue has grown consistently, but FY 2024 (till Dec) revenue is slightly lower than FY 2023.
- Profitability: Net profit has increased year-on-year, showing strong operational efficiency.
- Strong Return Ratios: ROE & ROCE indicate efficient capital utilization.
- Low Debt: A low debt-to-equity ratio suggests financial stability.

Key Performance Indicators (KPIs)
Here are the Key Performance Indicators (KPIs) for Infonative Solutions Limited in a structured table:
| KPI | FY 2024 | 2023 | FY 2022 |
| Revenue | ₹18.08 Crores | ₹20.95 Crores | ₹13.50 Crores |
| EBITDA | ₹2.68 Crores | ₹2.24 Crores | ₹1.59 Crores |
| Net Profit | ₹1.45 Crores | ₹1.07 Crores | ₹0.61 Crores |
| EBITDA Margin | 14.82% | 10.70% | 11.78% |
| Net Profit Margin | 8.02% | 5.11% | 4.52% |
| Earnings Per Share (EPS) | 3.37 | 2.48 | 1.41 |
| Return on Equity (ROE) | 20.06% | 18.50% | 12.95% |
| Return on Capital Employed (ROCE) | 25.81% | 22.90% | 16.75% |
| Debt-to-Equity Ratio | 0.12 | 0.18 | 0.22 |
| Total Assets | 10.62 | 8.75 | 7.20 |
Key Takeaways:
- Improving Profit Margins: Net profit margin increased from 4.52% (FY22) → 8.02% (FY24), showing better cost management.
- Strong ROE & ROCE: A high ROE (20.06%) & ROCE (25.81%) indicate efficient capital utilization.
- Low Debt Levels: Debt-to-equity of 0.12 ensures financial stability.
- Consistent Growth: Revenue has been growing steadily, except for a slight dip in FY 2024.
Objects of the Issue
- Working Capital Requirements: The company plans to utilize a portion of the proceeds to meet its growing working capital needs for business expansion.
- Investment in Technology & Infrastructure: Funds will be used to enhance digital learning platforms, develop AI-driven learning solutions, and upgrade existing technology infrastructure.
- Business Expansion & Market Penetration: The company aims to expand its presence across new sectors and regions, strengthening its market position.
- Repayment of Borrowings: A part of the funds will be allocated to reducing debt and improving financial stability.
- General Corporate Purposes: The remaining funds will be used for day-to-day operational expenses, administrative costs, and unforeseen business opportunities.
Strengths of Infonative Solutions Limited IPO
- Established Industry Presence: Over 25 years in the learning solutions market, serving major industries like BFSI, IT, and education.
- Diverse Service Offerings: Provides e-learning, AI-driven training, gamification, and AR/VR learning, catering to various corporate needs.
- Strong Financial Growth: Consistent revenue growth and profit margins, with improving return ratios (ROE: 20.06%, ROCE: 25.81%).
- Low Debt Levels: A debt-to-equity ratio of 0.12, ensuring financial stability and reducing interest burden.
- High Growth Potential: Increasing demand for digital learning solutions in India and globally positions the company for future growth.
Risks of Infonative Solutions Limited IPO
- Revenue Volatility: The company’s revenue declined in FY 2024 compared to FY 2023, indicating potential business fluctuations.
- Competitive Market: Faces strong competition from established e-learning providers and new tech-driven players.
- Client Concentration Risk: A significant portion of revenue may depend on a few large clients, which could impact financial stability if contracts are lost.
- Technology & Innovation Risk: Rapid advancements in AI and digital learning require continuous investment to stay competitive.
- SME IPO Volatility: Being listed on the BSE SME platform, liquidity may be lower compared to mainboard stocks, leading to price fluctuations.
Company Contact Information:
- Address: 107, DLF South City Court, Saket, New Delhi-110017
- Phone: 011-45082517
- Website: Infonative Solutions
Lead Manager:
- Share India Capital Services Private Limited
- Phone: +91-0120-4910000IPO Central
- Website: Share India
Registrar:
- Kfin Technologies Limited
- Phone: 040-67162222, 040-79611000
- Email: isl.ipo@kfintech.com
- Website: KFinTech IPO Status
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