The initial public offering (IPO) of iValue Infosolutions, valued at Rs 560 crore, has witnessed a moderate response on its second day of subscription. As of the latest update, the issue has been subscribed 37%, with the subscription window remaining open until September 22.

Subscription Details

• Retail Investors: 59% of the allocated quota subscribed
• Non-Institutional Investors: 33% of the allocated quota booked
• Institutional Investors: No bids recorded yet

Grey Market Premium

The grey market premium for iValue Infosolutions has seen a slight decline:

• Current premium: 5% (Rs 16.00)
• Previous day's premium: 7%
• Potential listing price: Rs 315.00 (against the issue price of Rs 299.00)

IPO Specifics

• Offer Type: Complete offer-for-sale
• Shares on Offer: 1.87 crore shares from promoters and investors
• Expected Listing Date: September 26

Company Financials

Business Overview

iValue Infosolutions operates in the IT solutions sector with:

• Partnerships with 109 Original Equipment Manufacturers (OEMs)
• Operations through 804 system integrators

Risk Factor

A notable risk for investors to consider is the company's revenue concentration, with the top 10 OEM partners contributing over 60% of total revenue.

The moderate subscription levels and the slight dip in grey market premium suggest cautious investor sentiment. As the IPO enters its final day, it remains to be seen how institutional investors will respond and whether the overall subscription will pick up pace.

The Indian primary market is buzzing with activity as three Initial Public Offerings (IPOs) make their debut this week. iValue InfoSolutions has already opened its subscription, while Saatvik Green Energy and GK Energy are set to launch their IPOs tomorrow.

iValue InfoSolutions: A Slow Start

iValue InfoSolutions, an IT solutions provider, opened its ₹392.00 crore IPO today with a price band of ₹284-299 per share. However, the initial response has been tepid. As of 10:15 AM on the opening day, the IPO recorded a subscription of only 0.02 times, indicating minimal interest from both retail and institutional investors.

Upcoming IPOs: Saatvik Green Energy and GK Energy

Saatvik Green Energy

Saatvik Green Energy, a player in the renewable energy sector, is set to open its IPO tomorrow. The company aims to utilize the funds for debt repayment and expansion of its facilities.

GK Energy

GK Energy, another entrant in the energy sector, will also launch its IPO tomorrow. The company has already secured ₹100.00 crore through pre-IPO funding, which led to a reduction in its fresh issue size.

Key Dates

• iValue InfoSolutions: Closes on September 22
• Saatvik Green Energy: Opens on September 20, closes on September 23
• GK Energy: Opens on September 20, closes on September 23

Investors can expect the listings of these companies on the stock exchanges around September 26, subject to the usual regulatory processes.

The diverse range of sectors represented by these IPOs - IT solutions and energy - offers investors a variety of options to consider. However, the lukewarm response to iValue InfoSolutions' offering on its opening day underscores the importance of careful evaluation and market sentiment in IPO investments.

As always, potential investors are advised to thoroughly research the fundamentals of these companies and consider their risk appetite before making investment decisions.