Infurnia Holdings IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Infurnia Holdings IPO release date, IPO offer price, subscription, Infurnia Holdings Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 1 |
| Price Band | Rs. 10 |
| Listing At | BSE SME |
| Min. Order Quantity | 10000 Shares |
| Listing Date | Sep 19, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 3820.00 Lakh |
| IPO Size | Rs. 3820.00 Lakh |
| Tick Size | 1 |
Infurnia Holdings IPO is listed at a Rs. 9 premium. Check out the live share price by clicking on the below link.
| Live Performance – Infurnia Holdings Share Price |
Infurnia Holdings IPO – Summary
Infurnia, is an architecture and interior design software Company. The company was set up in 2014 by Nikhil Kumar and Lovepreet Mann.
It owns, developed and operates a cloud-based platform that allows professionals to design buildings, interiors, and modular kitchens.
Infurnia provides a viable alternative to architects looking to work in a more collaborative environment, not just in terms of the designs but also how that design data is shared across the various stakeholders in a project.
The Promoter of this company is Mr. NIKHIL KUMAR AND Mr. LOVEPREET MANN. The lead manager to the issue is FINSHORE MANAGEMENT SERVICES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Infurnia Holdings IPO Date
The opening of Infurnia Holdings IPO will be on Sep 6, 2022 and the closing date Sep 9, 2022.
Infurnia Holdings IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 6th Sept | |||
| 2nd Day – 7th Sept | |||
| 3rd Day – 8th Sept | |||
| 4th Day – 9th Sept | |||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Infurnia Holdings IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Infurnia Holdings Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Sep 14, 2022 |
| Refunds Initiation | Sep 15, 2022 |
| Credit of Shares to Demat Account | Sep 16, 2022 |
| Share Listing Date | Sep 19, 2022 |
Infurnia Holdings IPO Price Band
The face value of each share is Rs.1, but the price band of the IPO is Rs.10.
Infurnia Holdings IPO Equity Size
This Initial Public Issue of 3,82,00,000 Equity Shares of Rs.1 each for cash at a price of Rs.10 per equity share aggregating to Rs.3820.00 Lakh.
Infurnia Holdings IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 38,200,000 Equity Shares of Rs.1 each.
Issue Size: Rs. 38,200,000 Equity Shares of Rs.1 each, aggregating to Rs.3820.00 Lakh.
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Infurnia Holdings IPO – Live Performance
The listing date of this IPO is Sep 19, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Infurnia Holdings Share Price |
Infurnia Holdings IPO Grey Market Premium
The Infurnia Holdings Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Infurnia Holdings IPO – Company Overview
Nikhil Kumar, Managing Director of the company, has strong technology background. In IIT JEE-2007, he achieved an AllIndia Rank of 36 and pursued majors in Electrical Engineering with minor in Computer Science and honours in Microelectronics from IIT Bombay and successfully earned bachelor’s and master’s degree in 2012.
During the 2 years corporate exposure of highest quality, he learned how high-quality organization are built with the help of excellent people, systems and processes. In 2014, along with Lovepreet Mann, he started his journey of building Infurnia.
Lovepreet Mann, who functions as the Whole Time Director and Chief Financial Officer of Infurnia, is an alumnus of the Indian Institute of Technology Kharagpur. Prior to co-founding the Infurnia, he worked with Deutsche Bank with trade sales desk at their Mumbai branch.
Infurnia Holdings IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 589.17 | 390.23 | 181.55 |
| *Total Revenue | 13.71 | 26.39 | 2.42 |
| Total Expense | 289.59 | 285.19 | 202.95 |
| Profit After Tax | 277.15 | 265.04 | 205.72 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 0.26 | 0.25 | 0.20 |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.277.15 Lakh, Rs.265.04 Lakh, and Rs.205.72 Lakh, respectively.
Infurnia Holdings IPO – Promoters
The Promoter of this company is:
- Mr. NIKHIL KUMAR
- LOVEPREET MANN
List of Related Parties (Key Managerial Personnel)
- Nikhil Kumar, Managing Director
- Lovepreet Mann, Whole time Director
- Yogesh Chaudhary, Non-Executive Director
- Vijaya Durga Koppisetti, Independent Director
- Mudit Jain, Independent Director
- Ashwin Srivastava, Nominee Director
Infurnia Holdings IPO – Promoters Holding
- Pre Issue Share Holding – 56.67%
- Pos Issue Share Holding – 41.75%
Infurnia IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 3,82,00,000 Equity Shares aggregating up to Rs. 3820.00 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 19,10,000 Equity Shares aggregating up to Rs. 191.00 Lakh |
| Net Issue to the Public | Up to 3,62,90,000 Equity Shares aggregating up to Rs. 3629.00 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% |
| Other than Retail Individual Investors | Not more than 50% |
| Equity Shares outstanding prior to the Issue | 10,69,46,892 Equity Shares |
| Equity Shares outstanding after the Issue | 14,51,46,892 Equity Shares |
Infurnia Holdings IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Investment in our wholly owned Subsidiary Company for expansion of business
2. To meet the Issue Expenses
3. General Corporate Purposes
Infurnia Holdings IPO – Business Strategy
- Differentiated product
- Focus on large businesses and enterprises
- Expanding product portfolio to provide end to end solutions
- Leveraging tech to scale and keep costs under control
- Strategic Monetization
Infurnia Holdings IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established and proven track record;
- Leveraging the experience of our Promoters;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with our customers
- Quality Assurance & Control
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 0.26 | 52.34 | 0.50 |
| 31-Mar-21 | 0.25 | 79.71 | 49.94 |
| 31-Mar-20 | 0.20 | 207.48 | 14.89 |
Infurnia Holdings IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Infurnia Holdings Limited | 1 | 0.50 | 0.26 | 52.34 | 13.71 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Infurnia Holdings IPO Lead Managers
| Lead Managers |
| FINSHORE MANAGEMENT SERVICES LIMITED Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal, India Contact Person: Mr. S. Ramakrishna Iyengar Telephone: 033 – 22895101 / 46032561 Email: ramakrishna@finshoregroup.com |
Infurnia Holdings IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093 Contact Person: Mr. Swapnil Kate Telephone: 022-62638200 Email: ipo@bigshareonline.com |
Infurnia IPO – Other Details
- Statutory Auditor – SSB & Associates
- Legal Counsel to the Company – Candour Legal
- Bankers to the Company – ICICI Bank Limited
Infurnia Holdings IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Infurnia Holdings Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Infurnia Holdings IPO Review FAQs
Check out various FAQs related to Infurnia Holdings IPO:
What is the Issue Size of Infurnia Holdings IPO?
The Company is making an initial public offer of 3,82,00,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Infurnia IPO?
The price band for this particular IPO ranges between Rs. 10. As far as the face value of the share is of concern, it is Rs.1 per share.
What is the Infurnia Holdings IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 6, 2022, while the closing date is set at Sep 9, 2022.
What is the Infurnia IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 14, 2022, refund initiation is on Sep 15, 2022, credit of shares is on Sep 16, 2022, and share listing date is on Sep 19, 2022.
What is the Infurnia IPO Listing Date?
Shares of this company shall be listed in the exchanges Sep 19, 2022. The date, when the listing would be done, is stagnant on Sep 19, 2022.
Who is the Registrar of Infurnia Holdings IPO?
One of the reputed registrars is managing the issue of this IPO, BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Infurnia Holdings IPO?
Here are the promoters of this IPO – Mr. NIKHIL KUMAR AND Mr. LOVEPREET MANN. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Infurnia Holdings IPO?
We have obtained the GMP of this IPO and it is Rs.. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Infurnia IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Infurnia Holdings Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.277.15 Lakh, Rs.265.04 Lakh, and Rs.205.72 Lakh, respectively.
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