iValue Infosolutions IPO Fully Subscribed, Flat Listing Expected
iValue Infosolutions, a Bengaluru-based enterprise technology solutions provider, has completed its IPO with full subscription. The overall subscription rate reached 102%, with QIBs subscribing 1.22 times, NIIs 0.71 times, and retail investors 1.04 times. The IPO offered 1.87 crore equity shares priced between Rs 284.00 and Rs 299.00, aiming to raise approximately Rs 560.00 crore. The grey market premium has decreased from Rs 15.00 to Rs 3.00, suggesting an estimated listing price of Rs 302.00.
*this image is generated using AI for illustrative purposes only.
iValue Infosolutions, a Bengaluru-based enterprise technology solutions provider, has successfully closed its Initial Public Offering (IPO) with full subscription on the final day of bidding. The company, which specializes in digital security and data management services, saw strong interest from various investor categories.
Subscription Details
The IPO was oversubscribed, reaching an overall subscription rate of 102%. Here's a breakdown of the subscription rates across different investor categories:
| Investor Category | Subscription Rate |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1.22 times |
| Non-Institutional Investors (NIIs) | 0.71 times |
| Retail Investors | 1.04 times |
Offer Structure and Pricing
The IPO consisted of an offer for sale of 1.87 crore equity shares, with a price band set between Rs 284.00 and Rs 299.00 per share. At the upper end of the price band, the company aims to raise approximately Rs 560.00 crore through this public offering.
Selling Shareholders
The shares being offered in the IPO are from various selling shareholders, including:
- Promoters: Sunil Kumar Pillai, Krishna Raj Sharma, and Srinivasan Sriram
- Investor: Sundara (Mauritius) Ltd., an affiliate of private equity firm Creador
Grey Market Premium and Expected Listing
The grey market premium for iValue Infosolutions shares has seen a decline, dropping from Rs 15.00 to Rs 3.00. This indicates an estimated listing price of Rs 302.00, which would represent a modest 1% gain over the upper price band of Rs 299.00.
Company Profile
iValue Infosolutions is positioned as an enterprise technology solutions provider based in Bengaluru. The company's core focus areas include:
- Digital security services
- Data management solutions
The successful completion of the IPO marks a significant milestone for iValue Infosolutions as it transitions to becoming a publicly traded company. Investors will be closely watching the stock's performance when it lists on the exchanges.
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