iValue Infosolutions, a technology services and solutions company has made its stock market debut today. The shares of the company listed at 5% discount after the IPO allotment concluded on September 23. The stock made its market debut at Rs 284.95 on the NSE and Rs 285 on the BSE, slightly below its issue price of Rs 299.
iValue Infosolutions IPO: Timeline and subscription
The IPO opened for public subscription from September 18 and closed on September 22. The issue was entirely an offer-for-sale (OFS) of 1.87 crore shares. The price band of this mainboard issue was set between Rs 284-299 per share.
Overall, the IPO was subscribed 1.82 times, with Qualified Institutional Buyers (QIBs) showing the highest interest at 3.18 times, while Retail Investors (RIIs) and Non-Institutional Investors (NIIs) were subscribed 1.28 and 1.26 times, respectively.
iValue Infosolutions IPO: Funds raised and utilisation
Through the OFS, the company raised Rs 560.29 crore, which will be used as per the existing shareholders’ plan.
Since this was not a fresh issue, the proceeds will not go into company expansion but will allow existing investors to monetie part of their holdings.
iValue Infosolutions IPO: Overall GMP trend – From spike to slat
The grey market premium (GMP) for iValue Infosolutions saw quite a rollercoaster ahead of its Dalal Street debut. Around September 16–17, the GMP initially surged to Rs 20–Rs 21 per share. However, as the IPO subscription progressed, sentiment cooled, and the GMP gradually slipped to Rs 3. By the time allotments were finalised, the premium had nearly vanished.
iValue Infosolutions IPO: Key market players
IIFL Capital Service managed the IPO as the book-running lead manager, while KFin Technologies acted as the registrar.
About iValue Infosolutions
iValue Infosolutions is an enterprise technology company that provides cybersecurity, data protection, and IT infrastructure solutions. It works with OEMs and system integrators to integrate these services for large organisations.