Infurnia Holdings IPO
Infurnia Holdings IPO 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 Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 181.55 | 2.42 | -205.72 | 99.16 | 90.41 |
| 31-Mar-21 | 390.23 | 26.39 | -265.04 | 332.5 | 323.17 |
| 31-Mar-22 | 589.17 | 13.71 | -277.15 | 529.55 | -524.92 |
| Amount in ₹ Lakhs |
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 IPO Details
| Infurnia Holdings IPO Date | Sep 6, 2022 to Sep 9, 2022 |
| Infurnia Holdings IPO Face Value | ₹1 per share |
| Infurnia Holdings IPO Price | ₹10 per share |
| Infurnia Holdings IPO Lot Size | 10000 Shares |
| Issue Size | 38,200,000 shares of ₹1 (aggregating up to ₹38.20 Cr) |
| Fresh Issue | 38,200,000 shares of ₹1 (aggregating up to ₹38.20 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Nikhil Kumar and Mr. Lovepreet Mann are the company promoters. |
Infurnia Holdings IPO Timeline
IPO opens on Sep 6, 2022, and closes on Sep 9, 2022. The IPO bid date is from Sep 6, 2022 10.00 A.M. to Sep 9, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Infurnia Holdings IPO Opening Date | Sep 6, 2022 |
| Infurnia Holdings IPO Closing Date | Sep 9, 2022 |
| Basis of Allotment | Sep 14, 2022 |
| Initiation of Refunds | Sep 15, 2022 |
| Credit of Shares to Demat | Sep 16, 2022 |
| Infurnia Holdings IPO Listing Date | Sep 19, 2022 |
IPO Lot Size
The IPO lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
IPO Promoter Holding
| Pre Issue Share Holding | 56.67% |
| Post Issue Share Holding | 41.75% |
IPO Prospectus
Company Contact Information
Infurnia Holdings Limited
2 nd Floor, No. 343,
1st B Main 7th Block, Koramangala Layout,
Bengaluru-560095
Phone: +91 95137 66606
Email: [email protected]
Website: http://www.infurnia.com/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
IPO Broker Recommendations
- Dilip Davda – Avoid
IPO Lead Manager(s)
- Finshore Management Services Limited
