Infonative Solutions Ltd. has announced public offering of 3128000 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 78.00 per share. The gross proceeds of the issue are expected to be Rs 2,471.12 lakhs.
The company's initial public offer (IPO) will open on 28 March 2025 and is expected to close on 03 April 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 75.00-79.00 per share.
The IPO includes a fresh Issue of 3128000 Equity Shares of the Company at an price of Rs 79.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.
Infonative Solutions Ltd. anticipates using the proceeds of the issue for .
Share India Capital Services Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.