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Infinity Infoway Limited is a Software as a Service (SaaS) company specializing in customized and integrated Enterprise Resource Planning (ERP) solutions for clients in the education, manufacturing, retail, and construction sectors. The company's key offerings include a 'Campus Management System' for educational institutions, industrial ERP software, an 'Online Examination System' (OES), and a self-learning digital platform named 'Brainzorg'. A significant portion of its business is focused on providing end-to-end ERP and student management solutions to universities across India.
Sep 30, 2025
Oct 03, 2025
Oct 08, 2025
SME
Closed
24.42 Cr
24.42 Cr
0 Cr
₹147 - ₹155
800
The main objectives of the issue are to utilize the net proceeds towards funding the following objects:
Development of a proprietary technology solution called 'ZEROTOUCH DaaS' (Device as a Service), a secure hardware and software system designed to minimize human intervention and prevent paper leakage in the examination process.
Purchase of new IT infrastructure and certifications, including high-performance servers, laptops, and security devices to enhance technological capabilities and support growing operational needs.
Funding of Tender Deposits and Earnest Money Deposits (EMD) to increase participation in high-value government and private tenders, particularly in the education sector, thereby strengthening the order book.
Funding the incremental working capital requirements to manage the increasing business scale, driven by growth in revenue and a strategic focus on securing more tender-based contracts.
To meet general corporate expenses, which may include meeting operating costs, strengthening business development and marketing capabilities, and addressing ongoing corporate exigencies.
22.96
6.75
47.33%
43.95%
33.06%
0.018
31.77%
46.7%
4.74
Expert management team with over 16 years of domain experience in the technology and ERP sectors.
Development of AI-enabled products in line with India's National Education Policy-2020, providing a competitive edge.
Proven track record of successful ERP implementation in 26 universities over the last three fiscal years.
Strong financial performance with a revenue CAGR of 36.64% and PAT CAGR of 64.68% over the last three years.
High customer concentration, with the top 10 customers contributing 63.44% of revenue in Fiscal 2025.
Significant geographical concentration, with 93.16% of revenue in Fiscal 2025 originating from Gujarat.
Historically high employee attrition rates, reaching 59.26% in Fiscal 2023, which could impact operational stability.
Dependence on the education sector, making the business vulnerable to policy changes and sector-specific downturns.
Expansion into new domestic geographies to reduce dependency on Gujarat and tap into underpenetrated markets.
Leveraging the 'ZEROTOUCH DaaS' technology to capture the secure examination solutions market.
Increased participation in high-value government and private tenders using IPO proceeds for EMD and working capital.
Growth of India's education and edtech sectors, with the education sector projected to reach US$225 billion by 2025.
Increasing competition from established players like TCS iON and other specialized ERP solution providers.
Rapid technological changes require continuous investment in R&D to maintain product relevance and competitiveness.
Potential changes in government regulations, particularly the National Education Policy, could impact product demand.
Global economic slowdown and financial instability could negatively affect client spending on IT and ERP solutions.
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