Infinx plans $300 million IPO in India, appoints three bankers
Kotak Mahindra Bank set out an expansion in an ipo & listings development for FY28.
· Economic Times Markets
Infinx Technology Solutions has appointed Kotak Mahindra Capital, Nomura and Avendus to manage its proposed $300 million IPO, targeting FY28. Backed by KKR and Norwest Venture Partners, the healthcare IT firm provides AI-powered revenue cycle management services and has expanded through strategic investments and acquisitions, including i3 Verticals’ healthcare business.
Key facts
- Period
- FY28
The analysis
Against that, the stock is +0.6% on the day at ₹461.60, and has returned +18.5% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The banks sector has moved -6.0% over the same period, so Kotak Mahindra Bank is running 24.5 points ahead of its peers.
For Kotak Mahindra Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- In focus: Kotak Mahindra Bank (KOTAKBANK), in Banks.
- Over three months: Kotak Mahindra Bank +18.5% against Banks -6.0% (24.5 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Kotak Mahindra BankKOTAKBANK · Banks | ₹461.60 | +0.6% | +10.7% | +18.5% | 0.0% | 0.9× | — |
Banks
1M -3.4% · 3M -6.0%
Kotak Mahindra Bank
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Capital Markets
1M -2.9% · 3M -6.3%
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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