How To Check Infonative Solutions IPO Allotment Status And Latest GMP Online
The latest grey market premium (GMP) for the Infonative Solutions IPO stood at Rs 5 on April 4, indicating a possible listing gain of over 6%.
The allotment of shares in the initial public offering of Infonative Solutions Ltd. is set to be finalised on Friday, April 4. The four-day SME issue was booked over 4.5 times, led by demand from qualified institutional investors on the final day.
Infonative Solutions IPO was fully subscribed on Day 3.
Overall, investors placed bids for 1,34,46,400 shares in comparison to 29,71,201 shares offered, resulting in an oversubscription of 4.53 times.
The Infonative Solutions IPO is a book-built issue of Rs 24.71 crore comprising a fresh issue of 31.28 lakh shares. The price band for the IPO has been set between Rs 75 and Rs 79 per share.
With the subscription window now closed, all eyes are on the allotment of shares in the Infonative Solutions IPO. Investors who participated in the bidding process can check the allotment status online via the official websites of BSE and the issue's registrar, Kfin Technologies.
How To Check Infonative Solutions IPO Allotment Status On BSE
Follow these easy steps to check Infonative Solutions IPO Allotment Status On BSE:
Visit the IPO allotment page on the BSE website –
https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
Select 'Equity' under the issue type.
From the issue name dropdown menu, choose ‘Infonative Solutions Ltd.’.
Enter the PAN or Application number.
Tick the 'I'm not a robot' captcha.
Click the Search option to check your IPO allotment details.
How To Check Infonative Solutions IPO Allotment Status On KfinTech
Follow these easy steps to check Infonative Solutions IPO Allotment Status on Kfintech:
Visit the IPO allotment page on the KFinTech website - https://ris.kfintech.com/ipostatus/
Select any one link from the list provided.
From the company name dropdown menu, choose ‘Infonative Solutions Ltd.’.
Choose either Beneficiary ID, Application/CAF Number or PAN.
Enter the details per your selection.
Enter the captcha details.
Hit Search to check the allotment status.
Infonative Solutions IPO Listing Date
Following the confirmation of the IPO allotment, Infonative Solutions will initiate refunds for the non-allottees and begin the credit of shares into the demat account of successful bidders on April 7.
Shares of Infonative Solutions Ltd. are proposed to be listed on BSE SME on Tuesday April 8.
Infonative Solutions IPO GMP Today
According to InvestorGain, the latest grey market premium (GMP) for the Infonative Solutions IPO stood at Rs 5 on April 4. The current GMP trends indicates a potential listing gain of 6.33% when the issue hits the market next week. Unlisted shares of Infonative Solutions were trading at Rs 84 apiece in the grey market ahead of its listing on Tuesday.
Note: GMP does not represent official data and is based on speculation.
The company is a specialist in creating learning development solutions for the corporate and educational sectors. It produces e-learning content and offers cloud-based learning management systems (LMS).
Use of Proceeds
The company will use proceeds from the IPO to develop new products, features in the LMS, buy laptops, meet working capital requirements and general corporate purposes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
