Infinity Infoway Limited IPO

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Infinity Infoway Limited is a Software as a Service (SaaS) company specializing in customized and integrated Enterprise Resource Planning (ERP) solutions for diverse sectors including education, manufacturing, retail, and construction. The company also provides an Online Examination System (OES) for educational institutions and operates a self-learning platform “Brainzorg” offering digital courses aligned with students’ current education standards.

ERP Solutions

i) Educational ERP: Key product Campus Management System manages student information, attendance, assignments, examinations, academic performance, fees, and accounts. Currently deployed in 26 universities across India with 22 active AMC contracts.

ii) Industrial ERP: Solutions include Supply Chain Management (SCM), Customer Relationship Management (CRM), and other modules. A total of 13 industrial ERP systems deployed with 9 active AMC contracts.

iii) Revenue Model: Includes fees for software deployment and annual maintenance contracts (AMC) for ongoing support.

Online Examination System (OES)

The OES platform allows schools, colleges, and universities to administer online/offline exams, create and distribute question papers, monitor exams, and manage results. Features include AI-driven proctoring, facial recognition for authentication, and secure delivery of question papers.

Self-Learning Platform – Brainzorg

Brainzorg offers digital certification courses for students and self-employed professionals, enabling personalized learning and skill development aligned with academic and industry standards.

Acquisition and Expansion

In FY17, Infinity Infoway acquired 50% of Infinity Transoft Solutions Private Limited (ITSPL) to enter the travel and tourism software market, developing bus, transport, tour, and ticket booking solutions.

PayTM Investment (2019): ₹1,000 Lakhs invested, reducing the company’s stake in ITSPL to 49.60%. ITSPL software is now used by operators like Vijayanand Travels, Neeta Tours, and Purple Mobility Solutions,

Objects of the Infinity Infoway Limited IPO:

Company proposes to utilize the Net Proceeds towards funding of the following objects: 1. Development of Proprietary Technology Solution called “ZEROTOUCH DaaS” (₹3.75 cr) 2. Purchase of new IT Infrastructure and Certification (₹2.60 cr) 3. Funding of Tender Deposits and Earnest Money Deposits (EMD) towards Tenders (₹4 cr) 4. Funding the incremental Working Capital Requirements (₹8.58 cr) 5. To meet general corporate expenses.
DRHP of Infinity Infoway Limited IPO
RHP of Infinity Infoway Limited IPO

Infinity Infoway Limited IPO Details:

Open Date: Sep 30 2025
Close Date: Oct 03 2025
Total Shares: 15,75,200
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 24.42 Cr.
Lot Size: 800 Shares
Issue Price: ₹ 147-155 Per Equity Share
Listing At: BSE SME
Listing Date: Oct 08 2025

Promoters And Management:

1. Dhirajlal Bhanjibhai Gadhethariya (Promoter, Chairman & Whole Time Director): With 31 years of experience in manufacturing, he has been a director since 2015 and a partner at Shree Ashok Fasteners since 1993. Despite completing only the sixth grade, his hands-on expertise has been vital to the company’s growth. 2. Bhaveshkumar Dhirajlal Gadhethriya (Promoter & Managing Director): Holds a B.E. in IT and an MBA, pursuing a Ph.D. in Management, with 16+ years in the IT sector, specializing in strategic planning for travel and education industries. 3. Nikunj Vrajlal Gajera (Whole Time Director): Holds a B.A. and a Web Development diploma, with 15+ years of experience. He joined the company in 2009 as a Network Admin and was promoted to director in 2024. He oversees IT operations, digital infrastructure, and technology-driven initiatives.

Financials of Infinity Infoway Limited IPO:

Particulars (cr) FY2024-2025 FY2024-2025 FY 2022-2023
Revenue from Operations 13.19 10.17 5.17
EBITDA 6.16 4.91 1.45
EBITDA Margins 46.70% 48.30% 28.21%
PAT 4.19 3.46 0.93
PAT Margins 31.77% 34.08% 18.15%
ROCE 43.95% 85.01% 58.82%
Debt to Equity Ratio(In Times) 0.01 0.09 0.43
Operating Cash Flows 2.39 2.22 1.4

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Infinity Infoway Limited 13.19 46.70% 31.77% 43.95% 0.01 84.5 20.17
Vertexplus Technologies Limited 18.31 9.78% 4.86% 5.85% 0.21 69 78

Lead Manager of Infinity Infoway Limited IPO:

  1. Holani Consultants Private Limited

Registrar of Infinity Infoway Limited IPO:

  1. Bigshare Services Private Limited

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