Ivalue Infosolutions Debuts on Stock Exchange After Rs 560 Crore IPO
Ivalue Infosolutions, a Bengaluru-based enterprise technology services provider, listed on the stock market following its Rs 560 crore IPO. The IPO was oversubscribed 1.82 times, with institutional investors showing strong interest. The grey market premium stands at 0%, suggesting the stock may open near its issue price of Rs 299 per share. Founded in 2008, Ivalue specializes in enterprise digital transformation, operating in seven countries. The company reported a revenue of Rs 942 crore and a net profit of Rs 85.30 crore, with year-on-year growth of 19% and 21% respectively. The IPO was structured as an offer-for-sale, valuing the company at 18.7 times its earnings with a market capitalization of Rs 1,600 crore.
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Bengaluru-based enterprise technology services provider, Ivalue Infosolutions, made its stock market debut following the closure of its Rs 560 crore Initial Public Offering (IPO). The company's market entry comes after a successful subscription period that saw 1.82 times oversubscription.
IPO Performance
The offer-for-sale garnered significant interest, receiving bids for 2.38 crore shares against the 1.31 crore shares on offer. Institutional investors were the primary drivers of this demand, highlighting strong interest from the financial sector.
Listing Details
As the company prepares for its first day of trading, market observers note that the grey market premium stands at 0%. This suggests that the stock may open near its issue price of Rs 299 per share.
Company Profile
Founded in 2008, Ivalue Infosolutions has established itself as a specialist in enterprise digital transformation. The company's expertise spans across several key areas:
- Cybersecurity
- Data management
- Cloud services
- IT infrastructure
Ivalue Infosolutions has expanded its operations beyond India and currently operates in six other countries.
Financial Performance
The company has demonstrated strong financial growth:
| Metric | Amount (Rs) | Year-on-Year Growth |
|---|---|---|
| Revenue | 942.00 crore | 19.00% |
| Net Profit | 85.30 crore | 21.00% |
IPO Structure and Valuation
The IPO was structured entirely as an offer-for-sale, meaning no fresh capital was raised for the company. The proceeds from the IPO will go to the existing shareholders rather than being used for business expansion.
At the issue price of Rs 299 per share, Ivalue Infosolutions is valued at 18.7 times its earnings, with a market capitalization of Rs 1,600 crore.
As Ivalue Infosolutions begins its journey as a publicly traded company, investors and market watchers will be keen to see how it performs in the competitive enterprise technology services sector.
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