
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
Overall Subscription
277.28x
Total Demand
QIB Multiplier
157.14x
Institutions & Funds
NII / HNI
549.42x
High Net-Worth
Retail (RII)
303.23x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 272,800 | 42,868,000 | 157.14x |
| NIB | 206,400 | 113,400,000 | 549.42x |
| HNIs(10L +) | 137,600 | 89,389,600 | 649.63x |
| HNIs (2-10L) | 68,800 | 24,010,400 | 348.99x |
| RETAIL | 479,200 | 145,308,800 | 303.23x |
| EMPLOYEES | 129,600 | 99,200 | 0.77x |
| Total | 1,294,400 | 415,076,000 | 277.28x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 89 | 0.00x |
| NIB | — | 20,854 | 0.00x |
| RETAIL | 300 | 90,818 | 302.73x |
| EMPLOYEES | — | 42 | 0.00x |
| HNIs(10L +) | 57 | 11,765 | 206.40x |
| HNIs (2-10L) | 29 | 9,089 | 313.41x |
| Total Applications | 386 | 132,657 | 343.67x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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 (GMP) for Infinity Infoway Limited IPO is ₹44 per equity share. Based on the upper price band of ₹147 to ₹155 per equity share, the estimated listing price is ₹199 (+28.4% expected listing gain).
With a lot size of 800 shares and current GMP of ₹44, the expected profit per application lot is approx ₹35,200 (+28.4% gain). Minimum application cost is approx ₹1,24,000.
The Infinity Infoway Limited IPO aggregate issue size is ₹24.42 Crores with an equity price band set at ₹147 to ₹155 per equity share. The retail lot size is 800 shares requiring a minimum capital outlay of approx. ₹1,24,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 277.28x (Retail: 303.23x, QIB: 157.14x, NII: 549.42x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-10-06. Investors can verify status using PAN card or application number.
Infinity Infoway Limited shares are scheduled to list on BSE on 2025-10-08.