Market Performance
The Indian stock market witnessed a strong debut for Infinity Infoway shares on October 8. The stock opened at ₹294.50 per share on the BSE SME platform, marking a 90% premium over its IPO price of ₹155.
This impressive listing reflects the high demand and investor enthusiasm surrounding the company as it enters the public markets.
Main News: Strong Listing for Infinity Infoway Shares
Infinity Infoway’s IPO had created a buzz, and the listing day confirmed it. Investors responded enthusiastically, sending the stock sharply higher from its issue price.
The IPO was entirely a fresh issue of shares, aiming to raise ₹24 crore at a price band of ₹147–₹155 per share. Investors could apply for a minimum of 800 shares, amounting to a ₹1.24 lakh investment per lot.
The listing on the BSE SME platform now marks a significant milestone for Infinity Infoway, highlighting its presence in the technology and SaaS sector.
IPO Subscription Highlights
The company’s maiden public issue received tremendous investor interest over the three-day bidding period from September 30 to October 3.
The IPO saw overall subscription of over 277 times, reflecting overwhelming demand. Breaking it down by investor categories:
- Non-Institutional Investors (NII): Subscribed 549 times
- Retail Investors: Subscribed 349 times
- Qualified Institutional Buyers (QIB): Subscribed 157 times
Such participation shows strong confidence in Infinity Infoway’s business model and future growth prospects.
Company Details
Infinity Infoway operates in the SaaS space, providing enterprise solutions across multiple sectors. Its key offerings include:
- Customized ERP solutions for education, manufacturing, retail, and construction
- Online Examination System (OES) for schools, colleges, and universities to manage exams and distribute question papers
The IPO proceeds are planned to be used for:
- Development of specific products
- Purchase of new IT infrastructure and certifications
- Funding tender deposits
- Working capital and general corporate purposes
By concentrating on SaaS and digital education solutions, the company is well-placed in a rapidly growing market, drawing strong interest from both retail and institutional investors.
Summary
The Infinity Infoway share listing has been one of the most striking debuts in the stock market today, rising 90% above its IPO price.
The strong subscription numbers, wide investor participation, and robust business offerings highlight the company’s potential in enterprise software and digital education solutions.
This listing also underscores investor interest in tech-focused SME companies on India’s exchanges, especially those with innovative SaaS models and scalable solutions.
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