iValue Infosolutions Announces Rs 560 Crore IPO with Price Band of Rs 284-299
iValue Infosolutions, an IT solutions company, has announced its IPO details. The price band is set at Rs 284-299 per equity share, aiming to raise up to Rs 560 crore. The IPO, structured as an Offer for Sale, will open on September 18 and close on September 22. It includes 1,87,38,958 equity shares with a face value of Rs 2 per share. The allocation is 50% for QIBs, 15% for NIIs, and 35% for retail investors. The estimated post-issue market cap is Rs 1,521.00-1,601.00 crore. Listing is planned for September 25 on BSE and NSE.
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iValue Infosolutions, a prominent player in the IT solutions sector, has unveiled its Initial Public Offering (IPO) details, setting the stage for its entry into the public market. The company has announced a price band of Rs 284-299 per equity share for its upcoming IPO, which aims to raise up to Rs 560 crore at the upper end of the price band.
IPO Details
| Aspect | Details |
|---|---|
| Offer Type | Entirely an Offer for Sale (OFS) |
| Issue Size | Up to 1,87,38,958 equity shares |
| Face Value | Rs 2 per share |
| Lot Size | Minimum of 50 shares |
| Price Band | Rs 284-299 per equity share |
| IPO Opens | September 18 |
| IPO Closes | September 22 |
| Anchor Investor Bidding | September 17 |
Allocation Structure
The IPO allocation is structured as follows:
- 50% reserved for Qualified Institutional Buyers (QIBs)
- 15% allocated to Non-Institutional Investors (NIIs)
- 35% set aside for Retail Individual Investors
Key Financial Aspects
| Aspect | Details |
|---|---|
| Total Issue Size | Rs 560.00 crore (at upper price band) |
| Estimated Post-Issue Market Cap | Rs 1,521.00-1,601.00 crore |
| Minimum Retail Investment | Rs 14,950.00 (at upper price band) |
Important Dates
| Event | Date |
|---|---|
| Share Allotment | Expected on September 23 |
| Listing Date | Planned for September 25 |
| Listing Venues | BSE and NSE |
Offer for Sale Structure
It's important to note that this IPO is structured entirely as an Offer for Sale. This means that the proceeds from the issue will go to the selling shareholders rather than the company itself. This structure suggests that the existing shareholders are looking to monetize their holdings, while the company itself may not be raising fresh capital through this offering.
Market Impact
The IPO of iValue Infosolutions is likely to attract attention in the IT solutions sector. With a post-issue market capitalization estimated between Rs 1,521.00-1,601.00 crore, the company is positioning itself as a significant player in the market. Investors and market watchers will be keenly observing the response to this IPO, as it could provide insights into the current appetite for IT sector stocks in the Indian market.
Potential investors are advised to carefully review the company's prospectus and consult with financial advisors to make informed investment decisions based on their individual risk appetite and financial goals.
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