Infurnia Holdings Limited IPO

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i. Infurnia, is an architecture and interior design software Company. The company was set up in 2014 by Nikhil Kumar and Lovepreet Mann. It owns, developed and operates a cloud-based platform that allows professionals to design buildings, interiors, and modular kitchens. Infurnia provides a viable alternative to architects looking to work in a more collaborative environment, not just in terms of the designs but also how that design data is shared across the various stakeholders in a project.

ii. In 2016, Infurnia expanded the solution to modular kitchen design, but within a cuboidal shaped room only. The solution was marketed and sold door-to-door to about 30 modular kitchen shops across India’s 8 largest metro towns. For the first time, industry saw a modular kitchen design software which worked totally from the comfort of the web-browser. No software installation was needed, and the design could be shared with the client merely through a web-link.

iii. In 2017, Infurnia further enhanced the scope of the solution to include a full-fledged floorplan design module. Now the users could design an entire floor with any shaped room, having innumerable doors, windows, pillars, beams, balcony railings, etc. The application was no more limited to modular kitchen design, but bedrooms, living-rooms, etc could be designed too. Infurnia also built out a cloud-based rendering engine which was using Blender’s cycle engine at the backend.

iv. In 2018, the scope of the software was further enhanced to designing of multi-floored apartments along with staircase, etc. Infurnia was no more merely an interior design application, but architectural building designs could also be done. Additional features like design documentation was added to the software.

v. Competitive Strengths :

  • Strong team with deep technical experience.
  • Cloud-first and collaboration-focused software.
  • Disruptive Pricing.
  • Multi-platform Technology.
  • Modern API and data-first solutions, rather than file-based ones.

Objects of the Infurnia Holdings Limited IPO:

The Objects of the Issue are: i. Investment in our wholly owned Subsidiary Company for expansion of business ii. To meet the Issue Expenses iii. General Corporate Purposes
DRHP of Infurnia Holdings Limited IPO
RHP of Infurnia Holdings Limited IPO

Infurnia Holdings Limited IPO Details:

Total Shares: 38,200,000
Face Value: ₹ 1 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 38.2 Cr.
Lot Size: 10000 Shares
Issue Price: ₹ 10 Per Equity Share
Listing At: BSE SME
Listing Date: Sep 19 2022

Promoters And Management:

i. Nikhil Kumar - Mr. Nikhil Kumar, aged 33 years, is the Co-founder promoter and CEO of the Organisation and is actively involved in product, finance and strategy. He holds a Master’s degree in M.Tech from Indian Institute of Technology, Mumbai, in the year 2012 and has a rich knowledge in architecture software. He hold experience of 3 months as Research Intern in National Instruments, 2 years and 4 months as Quantitative Analyst, Model Validation, More than 7 years as the CEO and Co-founder of Infurnia Holdings Limited (previously known as Infurnia Furnishings Private Limited). He was appointed as Managing Director w.e.f 1st April 2022. Presently, he is the Managing Director of the Company and is guiding force behind all the corporate decisions of the Company. ii. Lovepreet Mann - Mr. Lovepreet Mann, aged 32 years, is the Co-founder promoter of the company. He holds a Master’s degree in M.Tech from Indian Institute of Technology, Mumbai, in the year 2012 and has experience in Marketing, Financial Modelling and Business Analysis. He holds experience of more than 7 years as Co founder of Infurnia Holdings Limited (previously known as Infurnia Furnishings Private Limited), 1.11 years as Senior Analyst at Deutsche Bank, 2 months as an Intern in Deutshe Bank. He was appointed as Whole-time Director w.e.f. 1st April 2022. Presently, he is the Chief Financial Officer as well as Whole-time Director of the Company and is responsible for the overall management affairs of the company. iii. Yogesh Chaudhary - Mr. Yogesh Chaudhary, aged 35 years, is the Non-executive director and Chairperson of the Company and presently he is responsible for the management of the affairs of the company. He holds a experience of more than 16 years of experience as the owner of the Jaipur Rugs Company Private Limited. He was appointed as director on 15th March 2022. He has also been appointed as independent director of Aditya fashion and Retail Limited (Listed Company) since September 2021.

Financials of Infurnia Holdings Limited IPO:

Particulars (in Lakhs) March 22 March 21 March 20
Revenue from operations 13.60 26.33 2.34
Employee Benifit Expense 168.39 223.79 146
Other Expense 89 38 28
Operating Profit -244.08 -235.31 -171.03
OPM% -1794.71% -893.70% -7308.97%
Finance Cost - 4 13
Depreciation 32 19 17
Other Income 0 0 0
Profit (Loss) before tax -276 -259 -201
Profit (Loss) for the period -277 -265 -206
Earnings per share 0 0 0

Comparison With Peers:

There is no listed peer related to such business.

Lead Manager of Infurnia Holdings Limited IPO:

  1. Finshore Management Services Limited

Registrar of Infurnia Holdings Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Infurnia Holdings Limited 2 nd Floor, No. 343, 1st B Main 7th Block, Koramangala Layout, Bengaluru-560095 Phone: +91 95137 66606 Email: info@infurnia.com Website: http://www.infurnia.com/

Discussion on Infurnia Holdings Limited IPO:

1 Comment

    Due to a lack of interest, Infurnia Holdings Limited is no longer selling shares to the public.

    Reply

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