The IPO market activity continues to remain hectic with new issues coming up every day. Ivalue Infosolutions IPO has opened for bidding on September 18 and will be closing on September 22. The IPO is a Rs 560.29 crore book-built issue, which is entirely an offer for sale of 1.87 crore shares. The issue has been priced between Rs 284 and Rs 299 per equity share.
Ivalue Infosolutions IPO: GMP
The shares of Ivalue Infosolutions were trading at a price of Rs 322 in the grey market, fetching a premium of nearly 8% to the IPO price. The grey market is an unofficial platform where shares change hands illegally ahead of listing. However, the actual listing price could be very different. This is purely indicative.
Ivalue Infosolutions IPO: Allotment and listing
The Ivalue Infosolutions IPO allotment is expected to be finalised on September 23, while the listing on NSE and BSE is likely to be on September 25, as per the tentative schedule..
Ivalue Infosolutions IPO: Lot size
A retail applicants need to subscribe to at least 50 shares. This is because 1 lot comprises 50 shares and amounts to a total of Rs 14,950, when multiplied by the upper price band. A small non-institutional investor (NII) can apply for a minimum of 14 lots, resulting in 700 shares, amounting to Rs 2 lakh, and for big NIIs, it is 67 lots amounting to 3,350 shares, totalling Rs 10 lakh.
Ivalue Infosolutions IPO: BRLM and registrar
IIFL Capital Services is the book-running lead manager of the IPO, and Kfin Technologies is working as the registrar for the issue.
About Ivalue Infosolutions
Ivalue Infosolutions is a provider of technology services and solutions that focus on enterprise digital transformation. The firm serves clients throughout India, the SAARC region, and Southeast Asia. The firm provides thorough, specially designed solutions for protecting and managing digital applications and data. The company mainly supports large businesses in their digital transformation by understanding their needs and collaborating with System Integrators and OEMs to identify, propose, and implement solutions that fulfil their requirements.
About Ivalue Infosolutions: Expert’s take
“At the upper price band of Rs 299, the IPO is valued at a P/E multiple of 18.8x on post-issue capital. The company is more than a distributor. It is a value-added solutions aggregator that is expected to play a structural role in India’s enterprise IT landscape. Its business model benefits from ecosystem stickiness, strong OEM partnerships, and alignment with high-growth IT spending categories,” said SBI Securities in an IPO note.