New Delhi, October 8(HS): Enterprise Resource Planning (ERP) solutions provider Infinity Infoway delivered an exceptional stock market debut on Wednesday, virtually doubling the investment of its IPO subscribers in a single trading session.

Shares, issued at ₹155 per share under the company’s initial public offering, were listed at ₹294.50 on the BSE SME platform — a premium of 90 percent over the issue price. Strong post-listing buying pushed the stock quickly to the upper circuit level of ₹309.20, giving early investors almost double returns on the very first day of trade.

Infinity Infoway’s ₹24.42 crore IPO was open for subscription from September 30 to October 3 and witnessed overwhelming investor response, with an overall subscription of 277.24 times.

The Qualified Institutional Buyers (QIB) category was subscribed 157.14 times, while the Non-Institutional Investors (NII) category saw 548.99 times subscription. Retail investors subscribed 303.35 times, and the employee quota was subscribed 0.77 times.Under the offer, 1,575,200 fresh equity shares with a face value of ₹10 each were issued.

The funds raised will be utilised for upgrading IT infrastructure, financing tenders, meeting working capital requirements, and fulfilling general corporate purposes.

Strong Financial Growth

According to the company’s prospectus, Infinity Infoway has shown consistent improvement in its financial performance. Net profit rose from ₹94 lakh in FY 2022–23 to ₹3.47 crore in FY 2023–24, and further to ₹4.19 crore in FY 2024–25. Revenue grew at a compound annual growth rate (CAGR) exceeding 58 percent, reaching ₹13.48 crore in FY 2024–25.

Debt levels also declined sharply during the same period, from ₹70 lakh at the end of FY 2022–23 to ₹48 lakh at the end of FY 2023–24. By the close of FY 2024–25, the company’s debt stood at ₹23 lakh, signalling a stronger balance sheet.

Hindusthan Samachar / Jun Sarkar