Infurnia Holdings Limited IPO
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:
Infurnia Holdings Limited IPO Details:
|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:
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|
|Profit (Loss) before tax||-276||-259||-201|
|Profit (Loss) for the period||-277||-265||-206|
|Earnings per share||0||0||0|