A booming 15.4% CAGR is set to push the future of Educational Technology (EdTech) to $299.7 billion by 2028. This is primarily driven by hybrid learning, gamification, and next-gen technology. EdTech companies are in the vanguard of this growth projection.
Infinity Infoway is already transforming the EdTech sector with its Enterprise Resource Planning (ERP) systems and software. Now, Infinity Infoway is all set to launch its IPO worth ₹24.42 Crores IPO. Look no further, here you can unlock the core aspects of the Infinity Infoway IPO details.
Infinity Infoway IPO Details
Find out the main details of the Infinity Infoway IPO below:
| IPO opens on | 30 September 2025 |
| closes on | 3 October 2025 |
| Face Value | ₹10 per share |
| Price Range | ₹147-155 per share |
| Issue size | ₹24.42 Cr |
| Lot size | 800 Shares |
| Sale Type | Fresh capital |
| Offer for Sale | – |
| Fresh Issue | ₹23.19 Cr |
| Issue Type | Book-building IPO |
| Listing At | BSE SME |
| Total Issue Size (₹ Cr) | ₹24.42 Cr |
| Reserved for Market Maker | ₹1.23 Cr |
| Net Offered to Public | 14,96,000 shares (₹23.19 Cr) |
| Minimum Investment | ₹2,48,000 |
| Employee Discount | – |
Infinity Infoway IPO Timeline
Keep your calendar free for the Infinity Infoway IPO timeline as below:
| IPO is opening on | Sep 30, 2025 |
|---|---|
| Ending ono | Oct 3, 2025 |
| Date of Allotment (tentative) | Oct 6, 2025 |
| Refunds initiation date | Oct 7, 2025 |
| Shares reach demat | Oct 7, 2025 |
| Tentative Listing Date | Oct 8, 2025 |
| Cut-off Time for UPI Mandate Confirmation | Oct 3, 2025 (5 pm) |
Infinity Infoway IPO Grey Market Premium (GMP)
A grey market premium indicates the market sentiment on an IPO. You can check the Infinity Infoway IPO GMP today:
| Date | GMP (₹) | Estimated Listing Price |
| 29 Sept 2025 | ₹21 | ₹176 |
Infinity Infoway IPO Reservation
Check out the distinctive Infinity Infoway IPO categorisations for investors:
| Category of investors | Share (%) |
| Market makers | 79,200 (5.03%) |
| QIB shares offered | 6,80,800 (43.22%) |
| Non-Institutional Investors (NII/HNI) | 2,06,400 (13.10%) |
| Retail Individual Investors | 4,79,200 (30.42%) |
| Employee shares | 1,29,600 (8.23%) |
Infinity Infoway IPO Key Performance Indicator
Key performance indicators (KPIs) are used for the company’s effective analysis. Let’s observe these KPIs for the Infinity Infoway IPO:
| Particulars | FY 25 | FY 24 | FY 23 |
| ROE (%) | 47.33% | 104.85% | 86.16% |
| PAT Margin (%) | 31.77% | 34.08% | 18.15% |
| EBITDA Margin (%) | 46.70% | 48.30% | 28.21% |
| RONW (%) | 47.33% | 104.85% | 86.16% |
| RoCE (%) | 43.95% | 85.01% | 58.82% |
| EPS | ₹11.26 | ₹9.6 | ₹2.6 |
| Debt-to-Equity | – | – | – |
Infinity Infoway IPO Financials
Check this table for the key financials from the Infinity Infoway IPO:
| FY25 | FY24 | FY23 | |
| Revenue | 1,319.23 | 1,017.16 | 517.17 |
| Total Asset | 1,492.17 | 809.99 | 358.91 |
| Profit | 419.15 | 346.62 | 93.86 |
(Amounts in ₹ lakhs)
Infinity Infoway IPO Lot Size
Let’s check out the minimum vs maximum lot size for different categories of investors in the Infinity Infoway IPO:
| Application | Lot Size | Shares | Amount(in ₹) |
| Individual investors (Retail) (Min) | 2 | 1,600 | 2,48,000 |
| Individual investors (Retail) (Max) | 2 | 1,600 | 2,48,000 |
| S-HNI (Min) | 3 | 2,400 | 3,72,000 |
| S-HNI (Max) | 8 | 6,400 | 9,92,000 |
| B-HNI (Min) | 9 | 7,200 | 11,16,000 |
| Employee (Min) | 2 | 1,600 | 2,48,000 |
| Employee (Max) | 4 | 3,200 | 4,96,000 |
Infinity Infoway IPO Promoter Holding
What is the pre-issue and post-issue shareholding for the Infinity Infoway IPO? Let’s find out:
| Shareholding Pre-Issue | 96.34% |
| Shareholding Post Issue | – |
Infinity Infoway is promoted by Mr. Bhaveshkumar Dhirajlal Gadhethriya, Mr. Dhirajlal Bhanjibhai Gadhethariya, and Mrs. Rinaben Bhaveshkumar Gadhethariya.
Infinity Infoway IPO Anchor Investors Details
You can check out the Infinity Infoway IPO’s anchor investor details:
| Bid Date | September 29, 2025 (tentative) |
| Shares Offered | 4,08,000 |
| Anchor Portion Size (In Cr.) | 6.32 |
| Lock-in period end date for half of the shares (30 Days) | Nov 5, 2025 |
| Lock-in period end date for remaining shares (90 Days) | Jan 4, 2026 |
Infinity Infoway IPO Prospectus
Garner an overall perspective on the Infinity Infoway IPO through the official documents below:
About Infinity Infoway
Infinity Infoway was established in 2008. Infinity Infoway operates as a Software-as-a-Service (SaaS) company, mainly providing Enterprise Resource Planning (ERP) solutions. Their customer base includes educational institutions, manufacturing companies, retail, and construction businesses.
Alongside ERP, the company also provides Online Examination Systems (OES) to educational institutions like schools, colleges, and universities to organise and administer examinations. Their key offerings include a ‘Campus Management’ system, which acts as an ERP software for colleges and universities by tracking attendance, managing admissions, administering exams, and other functions. This system has been made available across 26 universities in India.
The company’s headquarters is in Rajkot, Gujarat. Impressively, the company has also been awarded the ‘National Award winner’ in the outstanding entrepreneurship category in MSEs (Services) by the then-president, Mr. Pranab Mukherji.
One of their listed peers is VertexPlus Technologies Limited.
Objectives of the Infinity Infoway IPO:
Infinity Infoway aims to use the proceeds from its IPO as follows:
| Purpose of Funds | Amount (₹ in lakhs) |
| Development of a proprietary technology solution called ‘Zerotouch Daas’ | 375.00 |
| Purchasing new IT infrastructure | 260.56 |
| Funding for tenders | 400.00 |
| Working capital needs | 858.00 |
| General corporate purposes | NA |
| Total | NA |
Strengths Of Infinity Infoway IPO:
- Strong expertise: Infinity Infoway has a long-term vision and is backed by strong expertise from its promoters. Mr. Bhaveshkumar Dhirajlal Gadhethriya is also the managing director of the company. He brings with him 16+ years of experience. Additionally, Nikunj Vrajlal Gajera, the whole-time director of the company, has more than 15+ years of industry experience.
- Aligned with National policies: Infinity Infoway’s AI-powered ERP solutions are aligned with India’s National Education Policy 2020. These solutions also enhance student outcomes.
- Strong Financials: With over 16 years of existence, the company has successfully combined innovation and solutions in its offerings. The company has a significant CAGR of 36.64% in revenues over the last 2 years.
- Robust offerings: Infinity Infoway’s offerings include a wide range of services that improve efficiency and success for educational institutions.
Risks of Infinity Infoway IPO:
- Sustaining strong financials: Infinity Infoway’s revenue and profitability have increased at a CAGR of 36.64% and 64.68% over FY23 and FY25. Sustaining these growth rates requires heavy investment in manpower and infrastructure. Failure to establish this may lead to financial loss.
- Adapting to technological changes: With new and growing innovations in technology, the company has to stay in line. Failure to innovate may lead to a loss in the company’s financials.
- Weak customer support: Infinity Infoway’s business relies heavily on customer satisfaction. Poor customer service could damage the reputation of the company.
- Risk of key patent: Infinity Infoway’s developing proprietary technology software ‘Zerotouch’ is still awaiting patent approval. Failure to secure it could weaken the company’s competitive edge and impact business prospects.
The Final Take
The Infinity Infoway’s IPO is coming on September 30, 2025. Its strong experience, robust financials, and a wide range of offerings are some of its key strengths. However, the risks of sustaining the financial performance and failure in adapting to the technological changes may be severe threats.
Other Recent IPO List
Want to explore more IPOs? Here are more IPOs to check out:
| Saatvik Energy IPO | Fabtech Technologies IPO |
| Epack Prefab Technologies IPO | Jinkushal Industries IPO |
| Zelio E Mobility IPO | Atlanta Electricals IPO |
| Jain Resource Recycling IPO | VMS TMT IPO |
FAQs
The Infinity Infoway IPO is set to open on September 30, 2025. The IPO will close on October 3, 2025. Its IPO size is ₹24.42 crores, which is a combination of fresh issue and offer-for-sale.
To apply for the Infinity Infoway IPO through the Zerodha app, follow these steps: First, log in to the Zerodha website or app, go to ‘bids’, search for ‘Infinity Infoway IPO’, and click on ‘apply’. Next, choose the number of lots you want to apply for, submit the form, and make a payment.
The Infinity Infoway IPO subscription opens on September 30, 2025, and closes on October 3, 2025. Its tentative allotment date is October 6, 2025. The listing date is October 8, 2025.
The Infinity Infoway IPO lot size is 800 shares. The Infinity Infoway IPO share price is between ₹147 and ₹155 per share. A retail investor can bid for a minimum and maximum of 2 lots. This means the minimum and maximum investment amount for a retail investor shall be ₹2,48,000.
To apply for the Infinity Infoway IPO, an investor must have a demat account. Choose to invest in any one of the many online broking platforms. Once the IPO is open for subscription, select the ‘Infinity Infoway IPO’ and enter the quantity. Then, make the payment to confirm your bid.
The tentative allotment date for the Infinity Infoway IPO is October 6, 2025.
The tentative listing date for the Infinity Infoway IPO is Tuesday, October 8, 2025.
