Infurnia Holdings Limited IPO Detail
Incorporated in 2014, Infurnia Holdings Limited, is an architecture and interior design software company. The company owns, developed and operates a cloud-based platform that allows professionals to design buildings, interiors, and modular kitchens.
The following can be achieved using Infurnia's design software: Floorplan Design, 3D Building Information Modelling Design, Elevation Drawings, Photorealistic renderings, Design Documentation, Powerful pricing quotation module, Design Version Control and Design Branching and Provides a powerful admin portal along with the core design software,
The company will list on STARTUPS Platform of BSE Limited ("BSE STARTUPS"). The BSE Startups Platform provides a welcoming environment for entrepreneurs and investors, enabling the listing of SMEs from India's dispersed unorganised sector into a regulated and organised sector. BSE Ltd has set up the BSE Startups Platform as per the rules and regulations laid down by SEBI.
Infurnia's first product was released in 2015 - a web-based 3d wardrobe configurator.
In 2016, Infurnia started offering modular kitchen designs, but within a cuboidal-shaped room only. The solution was marketed and sold door-to-door to about 30 modular kitchen shops across India's 8 largest metro towns.
In 2018, the scope of the software was further enhanced to designing of multi-floored apartments along with staircases, etc. Infurnia was no more merely an interior design application, but architectural building designs could also be done.
Competitive Strengths :
- Strong team with deep technical experience.
- Cloud-first and collaboration-focused software.
- Disruptive Pricing.
- Multi-platform Technology.
- Modern API and data-first solutions, rather than file-based ones.
Company Promoters
Mr. Nikhil Kumar and Mr. Lovepreet Mann are the company promoters.IPO Details
IPO Opening Date | Sep 06, 2022 |
IPO Closing Date | Sep 09, 2022 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹1 per equity share |
IPO Price | ₹10 per equity share |
Market Lot | 10000 Shares |
Min Order Quantity | 10000 Shares |
Listing At | BSE SME |
Issue Size | ₹38.20 Cr |
Fresh Issue | 38,200,000 shares of ₹1 (aggregating up to ₹38.20 Cr) |
Offer for Sale | - |
Retail Portion | 50% |
IPO Tentative Timetable
The Infurnia Holdings Limited IPO open date is Sep 06, 2022, and the close date is Sep 09, 2022. The issue may list on Sep 19, 2022.
IPO Open Date | Sep 06, 2022 |
IPO Close Date | Sep 09, 2022 |
Basis of Allotment Date | Sep 14, 2022 |
Initiation of Refunds | Sep 15, 2022 |
Credit of Shares to Demat Account | Sep 16, 2022 |
IPO Listing Date | Sep 19, 2022 |
IPO Lot Size
The Infurnia Holdings Limited IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 1 lots (10000 shares or ₹100000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 10000 | ₹100000 |
Maximum | 1 | 10000 | ₹100000 |
IPO Promoter Holding
Pre Issue Share Holding | 56.67% |
Post Issue Share Holding | 41.75% |
Company Financials:
For the year/period ended (₹ in Lakhs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-20 | 181.55 | 2.42 | -205.72 |
31-Mar-21 | 390.23 | 26.39 | -265.04 |
31-Mar-22 | 589.17 | 13.71 | -277.15 |
Objects of the Issue:
The Objects of the Issue are:
A. Investment in our wholly owned Subsidiary Company for expansion of business
B. To meet the Issue Expenses
C. General Corporate Purposes
Infurnia Holdings Limited IPO Registrar:
Bigshare Services Pvt Ltd
Infurnia Holdings Limited IPO Lead Manager(s):
Finshore Management Services Limited (Past IPO Performance)
Company Contact Information:
Infurnia Holdings Limited
2 nd Floor, No. 343, 1st B Main 7th Block, Koramangala Layout,
Bengaluru
Karnatak