New Delhi, March 28 -- The initial public offering (IPO) of learning development solutions provider Infonative Solutions opened for subscription on Friday. The company aims to raise over Rs.24 crore from the SME IPO through the primary market

Infonative Solutions IPO opened for subscription on Friday, March 28, and will close on Thursday, April 3. The IPO allotment is likely to be finalised on April 7, while the equity shares of the company are expected to be listed on April 8 on BSE SME platform.

The SME IPO which is entirely a fresh issue of 31.28 lakh equity shares. Out of these, 1,60,000 shares are reserved for Qualified Institutional Buyers (QIB), 7,04,001 shares are reserved for Non-Institutional Investors (NII), and 21,07,200 sha...