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Infonative Solutions IPO day 3 update: Subscription lags at 92%, GMP at 17%

Business Standard LogoBusiness Standard2d ago

Infonative Solutions IPO day 3 update: Subscription lags at 92%, GMP at 17% - Business Standard

Quick Summary:

Infonative Solutions is eyeing to raise ₹24.71 crore through the book-built issue, comprising an entirely fresh issue of 3.

The issue was subscribed only 92 per cent, as of 10:46 AM on Wednesday, day 3 of the offering, according to data from the BSE SME platform.

In FY24, the company reported a total revenue of ₹18.07 crore, down 13.7 per cent from ₹20.95 crore reported in fiscal year 2023-23.

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Infonative Solutions IPO day 3 update: Subscription lags at 92%, GMP at 17% - Business Standard (Picture 1)

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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-02 @ 11:23:09 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 501 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27531837

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 262 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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