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