
Emerging SME Services · BSE
Infinity Infoway Limited, established in 2008, is a SaaS-based company that specializes in delivering customized, cloud-based ERP (Enterprise Resource Planning) solutions. With a strong nationwide footprint, the company serves a variety of sectors including education, manufacturing, retail, construction, CRM, supply chain management, and human resource management. Its core offering is a Campus Management System, an ERP product currently deployed in 26 universities, designed to streamline operations such as student administration, attendance tracking, exam scheduling, and academic monitoring. Additionally, the company provides industrial ERP solutions encompassing modules like sales, accounting, GST, CRM, and supply chain management, with 13 such systems implemented over the last three financial years for enterprises ranging from small to large. Infinity Infoway also delivers services in web development, digital learning platforms, online examination portals, question paper distribution systems, custom ERP development, business process consulting, ERP support, and manpower outsourcing. Its clientele includes reputed names like Nirma University, Saurashtra University, Shivaji University, Indian Institute of Science Education & Research, HiBond Cement, Davat Beverages, and Kich – Steel for Life. To support its future plans, the company intends to raise ₹18.94 crores, which will be allocated towards product development (₹3.75 crores) for building its "ZEROTOUCH" Device-as-a-Service (DaaS) platform, enhancing IT infrastructure (₹2.61 crores) including hardware acquisition and security certifications, facilitating business growth (₹4 crores) by providing deposits to participate in large-scale government and corporate tenders, and strengthening working capital (₹8.58 crores) to support daily operations and scalability. The entire amount will be allocated among these specific objectives, with no additional portion set aside for general purposes.
Price Band
₹147 – ₹155
Issue Size
₹24.42 Cr
Lot Size
800 shares
GMP
+28.4%
Est. Listing
₹199
at current GMP
Subscribed
277.28x
overall
Open
30 Sep 2025
Close
3 Oct 2025
Allotment
6 Oct 2025
Refund
7 Oct 2025
Demat Credit
8 Oct 2025
Listing
8 Oct 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹155
Band: ₹147 – ₹155
Estimated Listing Price
₹199
Upper price + GMP
Lot Size
800 shares
Min investment ₹1,24,000
Estimated Profit / Lot
₹35,200
800 × ₹44
Grey Market Premium trend
+₹44
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹44 | 28.4% | ₹199 |
| 30 Oct 2026 | +₹44 | 28.4% | ₹199 |
| 29 Oct 2026 | +₹40 | 25.6% | ₹195 |
GMP is unofficial market data. Not a guarantee of listing performance.
Infinity Infoway Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹24.42 Crores. The shares are offered at a price band of ₹147 to ₹155 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 800 shares (approx. ₹1,24,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-10-08, while un-allotted funds or UPI block mandates will be released on 2025-10-07.
The latest grey market premium for Infinity Infoway Limited IPO is ₹44, which indicates an expected listing price of ₹199.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.