Is Infonative Solutions Ltd IPO Halal or Haram? If you’re looking for a detailed Shariah compliance analysis, you’re in the right place! In this article, we break down whether Infonative Solutions Ltd IPO meets Shariah Screening guidelines or not.
Is Infonative Solutions Ltd IPO Halal or Not?
The Infonative Solutions Ltd IPO is considered halal and Shariah-compliant as it has passed all required screening criteria. Since the company meets both the business and financial screening standards, it is suitable for halal investment. (Allah Knows the Best)
Refer to Infonative Solutions IPO RHP for detailed information.
Shariah Compliance Screening of Infonative Solutions Ltd IPO
For an IPO or Stocks to be considered Halal, it must pass all the Shariah screening criteria, which include:
| Criteria | Value | Status |
| Business Activity | E-learning | ✅ PASS |
| Impermissible Income to Total Revenue | 1.65% | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 9.39% | ✅ PASS |
| Illiquid Assets to Total Assets Ratio | 31.08% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
Business Overview – Infonative Solutions Ltd
Founded in 2014, Infonative Solutions Ltd is a leading provider of custom e-learning development solutions for corporate and educational sectors. The company specializes in bespoke e-learning content, LMS solutions, instructional design, gamification, AR/VR-based training, and software simulations.
With a scalable business model, Infonative Solutions caters to Fortune 500 companies, Big 4 firms, IT/ITES, BFSI, FMCG, and government agencies. Their flagship product, MindScroll LMS, is a cloud-based learning management system, while off-the-shelf courses and eLearning Market enhance digital learning accessibility.
Backed by experienced promoters and a skilled team, Infonative Solutions continues to expand its training solutions and content library, meeting evolving market demands efficiently.
Infonative Solutions Ltd IPO Price Details
| IPO Date | March 28, 2025 to April 03, 2025 |
| Expected Listing Date | Tue, Apr 08, 2025 |
| Face Value | ₹1 per share |
| Issue Price | ₹75 to ₹79 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 31,28,000 shares(aggregating up to ₹24.71 Cr) |
| Fresh Issue | 31,28,000 shares(aggregating up to ₹24.71 Cr) |
| Issue Type | Book-Built IPO |
| Listing At | BSE SME |
| Pre-Issue Shareholding | 87,19,800 shares |
| Post-Issue Shareholding | 1,18,47,800 shares |
| Market Maker Portion | 1,56,800 shares |
Infonative Solutions Ltd IPO Timeline
| IPO Opening Date | Fri, Mar 28, 2025 |
| IPO Closing Date | Thur, Apr 03, 2025 |
| Expected Allotment Date | Fri, Apr 04, 2025 |
| Refund Initiation | Mon, Apr 07, 2025 |
| Shares Credited to Demat | Mon, Apr 07, 2025 |
| Expected Listing Date | Tue, Apr 08, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on April 03, 2025 |
Infonative Solutions Ltd Financial Information (Restated)
| Category | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | ₹18.2 Cr | ₹14.37 Cr | ₹13.53 Cr | ₹10.54 Cr |
| Revenue | ₹11.42 Cr | ₹18.08 Cr | ₹20.95 Cr | ₹18.63 Cr |
| Profit After Tax | ₹3.64 Cr | ₹1.45 Cr | ₹1.07 Cr | ₹2.23 Cr |
| Net Worth | ₹13.75 Cr | ₹10.11 Cr | ₹8.66 Cr | ₹7.59 Cr |
| Reserves & Surplus | ₹12.88 Cr | ₹9.23 Cr | ₹8.51 Cr | ₹7.44 Cr |
| Total Borrowing | ₹1.71 Cr | ₹1.97 Cr | ₹2.49 Cr | ₹0.46 Cr |
Conclusion
The Infonative Solutions Ltd IPO appeared to be halal and Shariah compliant based on the Shariah screening Standard and the most recent financial report.
However, investors should conduct their own due diligence and review the company’s financials periodically for any changes in compliance.
Disclaimer: The information on Halalfinance.co.in is for educational and informational purposes only and not financial advice. We are not liable for any investment decisions you make; always consult a financial advisor before investing.
Hasan is the founder of HalalFinance.co.in, created after personally struggling to find reliable answers about halal investing in stocks. With a finance background and a passion for helping the Muslim community, He now shares well-researched, transparent, and authentic content to empower Muslims on their path to halal wealth-building.