Business Standard

Infonative Solutions Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

- cr

Price Range (₹)

0

Lot Size

-

Min Investment (₹)

-

Listing Exchange

BSE - SME

Open Date

-

Close Date

-

Listing Date

-

Latest IPO News

    Infonative Solutions Ltd IPO Details

    Initial public issue of up to 31,28,000 equity shares of face value of Rs.1/- each of Infonative Solutions Limited (infonative or the company or the issuer) for cash at a price of Rs.[*]/- per equity share including a share premium of Rs.[*]/- per equity share (the issue price) aggregatingto Rs.[*] crores (the offer), comprising a fresh issue of up to 31,28,000 equity shares aggregating up to Rs.[*] crores by the company (fresh issue)and out of which, 1,56,800 equity shares aggregating to Rs.[*] crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The offer less the market maker reservation portion i.e., net offer of up to 29,71,200 equity shares of face value of Rs.1/- each at a price of Rs.[*]/- per equity share including a share premium of Rs.[*]/- per equity share aggregating to Rs.[*] crores is herein afterreferred to as the net offer. the offer and the net offer will constitute [*]% and [*]%, respectively, of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 1.00/- each and floor price and cap price are [*] times and [*] times of the face value of the equity shares, respectively.

    Objective of issue

    To meet the expenses for development of new products courses and new features in LMS and purchase of laptops. To meet the working capital requirements. General corporate purposes and unidentified acquisitions.

    Infonative Solutions Ltd Contact Details

    Infonative Solutions Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@infonative.net

    Website - https:, www.infonative.net