Infinity Infoway Makes Exceptional Debut with 90.00% Premium, Lists at ₹294.50 Against Extraordinary Subscription

Infinity Infoway Limited, the SaaS company specializing in customized cloud-based ERP solutions with flagship Campus Management System deployed in 26 universities and industrial ERP solutions for 13 enterprises, made an exceptional debut on BSE SME on October 8, 2025. After closing its IPO bidding between September 30-October 3, 2025, the company commenced trading with a remarkable 90.00% premium opening at ₹294.50, significantly exceeding the grey market premium of 39%.

Infinity Infoway Listing Details

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Infinity Infoway Limited launched its IPO at ₹155 per share with a minimum investment of 1,600 shares costing ₹2,48,000. The IPO received an extraordinary response with a subscription of 277.24 times - individual investors at outstanding 303.35 times, NII at 548.99 times, and QIB at 157.14 times, employee category received 0.77 times subscription.

First-Day Trading Performance Outlook

Listing Price: Infinity Infoway share price opened at ₹294.50 representing a remarkable premium of 90.00% from the issue price of ₹155, delivering exceptional gains of 90.00% for investors reflecting strong market sentiment towards SaaS and ERP solutions sector.

Growth Drivers and Challenges

Growth Drivers:

• Specialized ERP Solutions: Flagship Campus Management System deployed in 26 universities enabling student administration, attendance tracking, exam scheduling, plus Industrial ERP solutions covering sales, accounting, GST, CRM, and SCM for 13 enterprises.
• Diversified Product Portfolio: Comprehensive offerings including web development, digital learning platforms, online exam portals, QPDS, custom ERP development, business process consulting, and ERP support with AI-enabled products aligned with NEP-2020.
• Exceptional Financial Performance: Strong PAT growth of 21% to ₹4.19 crore and revenue growth of 30% to ₹13.48 crore in FY25, outstanding ROE of 47.33%, impressive ROCE of 43.95%, and exceptional margins with PAT margin of 31.77% and EBITDA margin of 46.70%.

Challenges:

• Full Valuation Metrics: Post-issue P/E of 19.64x and price-to-book value of 4.74x appearing fully priced, small equity base indicating longer gestation for migration, and operating in competitive SaaS and ERP solutions market.
• Limited Scale Operations: Small operational scale with ₹13.48 crore revenue, 26 university deployments and 13 industrial ERP implementations, requiring significant scaling to justify premium valuation and meet growth expectations.

Utilisation of IPO Proceeds

• Product Development: ₹3.75 crore for development of ZEROTOUCH Device as a Service (DaaS) product diversifying offerings and enhancing technology capabilities.
• Infrastructure and Working Capital: ₹2.61 crore for IT infrastructure and certification, ₹4.00 crore for tender deposits and EMD, and ₹8.58 crore for working capital requirements supporting business expansion.
• General Corporate Purposes: ₹3.09 crore supporting business operations and strategic initiatives for sustained growth in SaaS and ERP solutions segment.

Financial Performance of Infinity Infoway

• Revenue: ₹13.48 crore for FY25, showing strong growth of 30% from ₹10.35 crore in FY24, reflecting increasing market demand for customized ERP solutions in education and industrial sectors.
• Net Profit: ₹4.19 crore in FY25, representing solid growth of 21% from ₹3.47 crore in FY24, demonstrating operational leverage and strong pricing power in specialized SaaS and ERP solutions business.
• Financial Metrics: Outstanding ROE of 47.33%, impressive ROCE of 43.95%, negligible debt, exceptional PAT margin of 31.77%, remarkable EBITDA margin of 46.70%, and estimated market capitalisation of ₹160.56 crore.