iValue Infosolutions, an enterprise technology solutions specialist, has successfully raised Rs 168 crore from anchor investors as it prepares for its initial public offering (IPO). The company's IPO is set to open on September 18 and will remain open until September 22, with shares priced between Rs 284-299.

Anchor Investment Details

The company has allotted 56.21 lakh equity shares to 13 funds at Rs 299 per share, which is at the upper end of the IPO price band. Notable anchor investors include:

• ICICI Prudential Mutual Fund
• UTI Mutual Fund
• Societe Generale
• Bengal Finance and Investment
• Citigroup Global Markets Mauritius

IPO Specifics

Selling Shareholders:

• Creador affiliate Sundara (Mauritius) Ltd: Selling 1.10 crore shares
• Promoters: Selling 38 lakh shares

Note: All proceeds will go to the selling shareholders, not the company.

Company Overview

iValue Infosolutions specializes in enterprise technology solutions, focusing on digital transformation for large enterprises. The company operates across:

• 8 locations in India
• 6 international markets

iValue Infosolutions boasts partnerships with 109 Original Equipment Manufacturers (OEMs), including industry leaders such as:

• Check Point
• Forcepoint
• Hitachi
• Google Cloud

IPO Timeline

Listing Venues: Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

Investors and market watchers will be keeping a close eye on this IPO, given the company's strong presence in the enterprise technology solutions space and its impressive list of OEM partners.

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

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

Important Dates

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.