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Infinium Pharmachem Limited IPO (Infinium Pharmachem IPO) Detail

March 31, 2023 - April 5, 2023

Infinium Pharmachem IPO is a fixed price issue of Rs 25.26 crores. The issue is entirely a fresh issue of 18.75 lakh shares.

Infinium Pharmachem IPO bidding started from March 31, 2023 and ended on April 5, 2023. The allotment for Infinium Pharmachem IPO was finalized on Tuesday, April 11, 2023. The shares got listed on NSE SME on April 17, 2023.

Infinium Pharmachem IPO price is ₹135 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹270,000.

Swastika Investmart Ltd is the book running lead manager of the Infinium Pharmachem IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Infinium Pharmachem IPO is Swastika Investmart.

Refer to Infinium Pharmachem IPO RHP for detailed information.

Infinium Pharmachem IPO Details

IPO Date March 31, 2023 to April 5, 2023
Listing Date April 17, 2023
Face Value ₹10 per share
Price ₹135 per share
Lot Size 1000 Shares
Total Issue Size1,875,000 shares
(aggregating up to ₹25.26 Cr)
Fresh Issue1,875,000 shares
(aggregating up to ₹25.26 Cr)
Employee Discount Rs 13.5 per share
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion94,000 shares
Swastika Investmart

Infinium Pharmachem IPO Reservation

Infinium Pharmachem IPO offers 1,969,000 shares. 937,500 (47.61%) to NII, 937,500 (47.61%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered94,000 (4.77%)
Other Shares Offered937,500 (47.61%)
Retail Shares Offered937,500 (47.61%)
Total Shares Offered1,969,000 (100%)

Infinium Pharmachem IPO Timeline (Tentative Schedule)

Infinium Pharmachem IPO opens on March 31, 2023, and closes on April 5, 2023.

IPO Open Date Friday, March 31, 2023
IPO Close Date Wednesday, April 5, 2023
Basis of Allotment Tuesday, April 11, 2023
Initiation of Refunds Wednesday, April 12, 2023
Credit of Shares to Demat Thursday, April 13, 2023
Listing Date Monday, April 17, 2023
Cut-off time for UPI mandate confirmation 5 PM on April 5, 2023

Infinium Pharmachem IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1000 ₹135,000
Retail (Max) 1 1000 ₹135,000
HNI (Min) 2 2,000 ₹270,000
Lot Size Calculator

Infinium Pharmachem IPO Promoter Holding

Mr. Sanjaykumar Viththalbhai Patel, Mr. Pravin Bhadabhai Madhani, and Mr. Mitesh Lavjibhai Chikhaliya are the company promoters.

Share Holding Pre Issue 100%
Share Holding Post Issue 73.05%

About Infinium Pharmachem Limited

Incorporated in 2003, Infinium Pharmachem Limited manufactures & supplies Iodine Derivatives, APIs, and Iodination reaction-based bulk drugs.

The company offers R & D services and commercial scale manufacturing and packaging for Pharmaceutical, Agrochemical, Nutraceutical, Speciality Chemicals & other chemical industries.

Infinium Pharmachem's manufacturing plant is located in Gujarat - INDIA, which spans across 4100 Sq. Mtr. Plot area. The facility is FDA certified & GMP compliant with capabilities of producing complex Iodine Derivatives. 

The company serves to over 15+ countries across the globe and has over 200+ Iodine Derivatives and 7+ APIs.

Company Financials

Infinium Pharmachem Private Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Infinium Pharmachem IPO is Rs 93.93 Cr.

Pre IPO Post IPO
P/E (x) 7.83

Objects of the Issue (Infinium Pharmachem IPO Objectives)

The proceeds from the fresh issue will be utilized for the following objects:

1. Marketing and branding expenses (including registration in reach - Europe, and other marketing expenses).

2. Repayment of some of the existing loans and expansion of units.

3. To meet incremental working capital requirements.

4. To meet public issue expenses.

Infinium Pharmachem IPO Review (May apply)

[Dilip Davda]  IPL is in the pharma and healthcare segment and has posted growth in its top and bottom lines for the reported periods. Super earnings for FY23 H1 raise eyebrows and concern over the sustainability of such margins going forward. Well-informed investors may park funds for medium to long-term rewards. Read detail review...

Infinium Pharmachem IPO Subscription Status (Bidding Detail)

The Infinium Pharmachem IPO is subscribed 1.84 times on April 5, 2023 7:30:00 PM. The public issue subscribed 1.86 times in the retail category, times in the QIB category, and 1.80 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Total Application : 1,742 (1.86 times)

Infinium Pharmachem IPO Prospectus

Infinium Pharmachem IPO Rating

Rating:Rated 3.7 stars
Vote Here ...

Infinium Pharmachem IPO Listing Details

Listing Date April 17, 2023
BSE Script Code
Final Issue Price ₹135 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Infinium Pharmachem Limited Contact Details

Infinium Pharmachem Limited
38 G.I.D.C Sojitra,
Taluka - Sojitra,
Dist. - Anand - 387240
Phone: +91-2692-238849

Infinium Pharmachem IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Infinium Pharmachem IPO - Buy or Not

Infinium Pharmachem IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Infinium Pharmachem IPO FAQs

Infinium Pharmachem IPO is a SME IPO of 1,875,000 equity shares of the face value of ₹10 aggregating up to ₹25.26 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 1000 Shares.

The IPO opens on March 31, 2023, and closes on April 5, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Infinium Pharmachem IPO using UPI as a payment gateway. Zerodha customers can apply in Infinium Pharmachem IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Infinium Pharmachem IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Infinium Pharmachem IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Infinium Pharmachem IPO opens on March 31, 2023 and closes on April 5, 2023.

Infinium Pharmachem IPO lot size is 1000 Shares, and the minimum amount required is ₹135,000.

You can apply in Infinium Pharmachem IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Infinium Pharmachem IPO will be done on Tuesday, April 11, 2023, and the allotted shares will be credited to your demat account by Thursday, April 13, 2023. Check the Infinium Pharmachem IPO allotment status.

The Infinium Pharmachem IPO listing date is on April 17, 2023.
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Infinium Pharmachem IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



76. KAPPO |   Link |  Bookmark |May 18, 2023 6:45:52 AM
IPO Guru IPO Guru (1100+ Posts, 800+ Likes)
256 all time high

Late but not wrong
75. abc xyz |   Link |  Bookmark |May 17, 2023 10:21:43 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Today Infinium Pharma have posted excellent results.
Net profit & revenue have doubled from the last March 2022. EPS : 18

Looking to these numbers still lot more hidden steam is left for Infinium.

As you have asked another stock
I hope Amber Enterprise is looking good. It have also posted very encouraging results after so many quarters. Conservative Short term target is 2460 . Long term is also good. Take your call after your research. Good👍 Luck.
74. sahab |   Link |  Bookmark |May 17, 2023 11:23:28 AM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
it is going to break all record of subscription.
73. VIKTG |   Link |  Bookmark |May 10, 2023 3:15:00 PM
72. Abhishek fresher |   Link |  Bookmark |May 4, 2023 3:18:16 PM
i think after listing selling pressure will be on high.
one moment it will be comes down than after that upward trend in slow motion.
71. abc xyz |   Link |  Bookmark |April 27, 2023 2:09:25 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Yesterday ( 26th April 2023 ) it was in Lower ckt & today too it went again Lower Ckt but could not sustained and again in upper ckt with all 36000 strong buyer in queue.
Target for short term 295
71.2. DHARMENDRA SHARMA |   Link |  Bookmark |April 27, 2023 10:35:47 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Yesterday you buy caplin and avoid mankind calculation is very good👍, caplin high 674/-
71.3. KPCT |   Link |  Bookmark |April 28, 2023 9:26:16 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@dharmendra Sharma wellcome.
70. PPPSSS |   Link |  Bookmark |April 26, 2023 10:57:59 AM
First time LC....any guidance pls
70.1. KPCT |   Link |  Bookmark |April 26, 2023 12:39:03 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Mankind Spoiled the sentiment.
Wait and watch, definitely it will be recovered.
69. abc xyz |   Link |  Bookmark |April 26, 2023 9:20:41 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Enjoy the upper ride
Continuously unstoppable upper ckt
Today 207.75 , again upper ckt with only strong 51000 buyers.
Fly in the blue sky. 😀😃
69.1. Billion dollar |   Link |  Bookmark |April 26, 2023 10:08:58 AM
UC open now.
68. KPCT |   Link |  Bookmark |April 25, 2023 5:13:16 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
I guess, it will hit atleast a revised cercuit.
67. abc xyz |   Link |  Bookmark |April 25, 2023 9:31:35 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Big Big Congratulations
Infinium family
Today 197.90 , again upper ckt with only strong buyers.
Enjoy this journey.
67.1. KPCT |   Link |  Bookmark |April 25, 2023 3:34:58 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
You and me only
67.2. IPO Hater |   Link |  Bookmark |April 25, 2023 4:12:19 PM
Me also - when u think circuit will open or hit lower.
66. abc xyz |   Link |  Bookmark |April 24, 2023 9:37:28 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Today 44000 buyer
& only
1000 seller.
Stock is in great demand.
65. abc xyz |   Link |  Bookmark |April 23, 2023 6:58:07 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Gujarat circle brokers have given a buy call for INFINIUM for short term target of 210- 240.
Let's See.
65.2. abc xyz |   Link |  Bookmark |May 2, 2023 9:20:06 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Congratulations to all.
Target achieved today.
Infinium : 223
Enjoy the ride with strong conviction.
65.3. DHARMENDRA SHARMA |   Link |  Bookmark |May 2, 2023 10:37:39 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Dear abc xyz,
Congratulations for exicon and infinium.
I missed the both journey and not apply.

I apply mostly sme ipo single lot only one account not get any allotment, you have already suggest both the ipo, if any have both the shares get handsome profits. Thank you for your advice, others get benefitted from you.
64. abc xyz |   Link |  Bookmark |April 21, 2023 10:26:01 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Very tough to catch this Dark 🐎Horse.
Again in upper ckt.
64.5. DHARMENDRA SHARMA |   Link |  Bookmark |May 11, 2023 10:44:10 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Dear abc xyz.
Please share some other stock, your suggestion for infin pharma and exihicon help to make profit not to sale early.
64.6. abc xyz |   Link |  Bookmark |May 15, 2023 4:22:38 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Just hold tight this gem, this can provide the tons of profit and it's game changer for it's shareholders.
63. abc xyz |   Link |  Bookmark |April 20, 2023 9:12:32 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Date : 20.04
Infinium again in upper ckt
Market price : 171
Happy investing
62. Sprint |   Link |  Bookmark |April 19, 2023 9:48:24 AM (200+ Posts, 100+ Likes)
@KPCT , @abc xyz 
Still holding or offloaded? Until today it managed well, I feel tomorrow it breaks its winning streak... what is your target / time based or price? I am holding 1 lot.
62.1. abc xyz |   Link |  Bookmark |April 19, 2023 6:49:22 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
@ Sprint
I am here in this stock for medium to short term ( 6 months to year) I am having 4 lots and impressed with it's working. I have gained a lot in Upsurge, MarUti interior, Frog, Silicon, Virtuoso, nupur, PNGS and...... But one have to give some time to the Company for it's performance.
Let's see.
62.2. KPCT |   Link |  Bookmark |April 20, 2023 6:22:59 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@Sprint Still Holding.
I wanna check how it perform on the day of cercuit revision.
61. Dowg |   Link |  Bookmark |April 18, 2023 12:09:34 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Sold 2/2 lots @153.
61.1. KPCT |   Link |  Bookmark |April 18, 2023 3:31:02 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Still Holding .....Samrat UC@575
60. lokes |   Link |  Bookmark |April 17, 2023 2:50:49 PM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
Sold my allotted 1 lot at 144.....
60.1. Sanchit Jain |   Link |  Bookmark |April 17, 2023 3:04:09 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Exited at 144.95
60.2. Silent |   Link |  Bookmark |April 17, 2023 9:26:59 PM
@MRavichandran @LOKESH : any opinion on Sotac
59. abc xyz |   Link |  Bookmark |April 17, 2023 6:14:53 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Infinium Pharma ' Market cap is just 102 Cr, but the half yearly revenue is 80 cr and net profit is nearly 6 cr.
In view of this it's trading at dirty cheap valuations. Much more still steam yet left.
59.1. abc xyz |   Link |  Bookmark |April 18, 2023 9:37:18 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Today 155.15
58. ARJUN'S EYE |   Link |  Bookmark |April 17, 2023 9:01:12 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Infinium Pharmachem Ltd. NSE SME IPO.
Issue Price:-135/-
Market Lot:-1000 Shares
Face Value:-10/-
Listing At:-NSE SME
58.2. Dowg |   Link |  Bookmark |April 17, 2023 9:34:02 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
58.3. abc xyz |   Link |  Bookmark |April 17, 2023 5:28:44 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Very few listed companies doing this type of business in Pharma sector.
Those who can wait for 3-4 months can easily get 40-50% gain from here.

Mankind pharma will certainly boosts the sentiment of pharma sector and likely to be benifited Infinium.
57. Dowg |   Link |  Bookmark |April 17, 2023 10:05:53 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Dear Top Members, can u share some outlook on Infinium or any insider news