Ivalue Infosolutions IPO_ Price Band, Analysis, Allotment, And GMP.pdf

Ivalue Infosolutions IPO – Company Analysis
Company: Ivalue Infosolutions Ltd. (Incorporated in 2008).


Business: Provides enterprise digital transformation solutions, with operations in India, SAARC, and Southeast Asia.


Core Offering: End-to-end solutions for cloud, cybersecurity, ALM, data center infrastructure, and lifecycle management.


Clients: Large enterprises across sectors, supported by strong partnerships with System Integrators (SIs) and OEMs.


Business Model: Advisory-led + solution integration model with a wide portfolio of multi-OEM offerings.


Ivalue Infosolutions IPO Details
IPO Opening Date: Sep 18, 2025


IPO Closing Date: Sep 22, 2025


IPO Allotment Date: Sep 23, 2025


Refund Initiation: Sep 24, 2025


Tentative Listing Date: Sep 25, 2025 (BSE & NSE)


Issue Size: Rs. 560.29 Cr (1.87 Cr shares)


Fresh Issue: – (No fresh issue, only OFS)


Offer for Sale (OFS): Rs. 560.29 Cr (1.87 Cr shares)


Price Band: Rs. 284 – Rs. 299 per share


Lot Size: 50 shares per lot


Registrar: Kfin Technologies Ltd.


Issue Type: Book Built Issue IPO

1. Ivalue Infosolutions IPO: Price Band,
Analysis, Allotment, And GMP
Explore Ivalue Infosolutions IPO details, including price band, allotment status, GMP, strengths,
weaknesses, and financial analysis.
Table of Contents
●​Ivalue Infosolutions IPO – Company Analysis​

●​Ivalue Infosolutions IPO Details​

●​Hidden Facts about the IPO​

●​Industry Outlook​

●​Company Financials​

●​The Objective of the Issue​

●​Listed Peers of Ivalue Infosolutions Ltd.​

●​Evaluation of P/E Ratio​

●​IPO’s Strengths​

●​IPO’s Weaknesses​

●​Ivalue Infosolutions IPO GMP​

●​IPO Summary​

●​IPO Lot Size​

●​IPO Reservation​

●​IPO Allotment Status​

●​Promoters and Management​

2. ●​Lead Managers​

●​Dividend Policy​

●​Conclusion​

●​FAQs​

Ivalue Infosolutions IPO – Company Analysis
●​Company: Ivalue Infosolutions Ltd. (Incorporated in 2008).​

●​Business: Provides enterprise digital transformation solutions, with operations in
India, SAARC, and Southeast Asia.​

●​Core Offering: End-to-end solutions for cloud, cybersecurity, ALM, data center
infrastructure, and lifecycle management.​

●​Clients: Large enterprises across sectors, supported by strong partnerships with
System Integrators (SIs) and OEMs.​

●​Business Model: Advisory-led + solution integration model with a wide portfolio of
multi-OEM offerings.​

Ivalue Infosolutions IPO Details
●​IPO Opening Date: Sep 18, 2025​

●​IPO Closing Date: Sep 22, 2025​

●​IPO Allotment Date: Sep 23, 2025​

●​Refund Initiation: Sep 24, 2025​

●​Tentative Listing Date: Sep 25, 2025 (BSE & NSE)​

●​Issue Size: Rs. 560.29 Cr (1.87 Cr shares)​

●​Fresh Issue: – (No fresh issue, only OFS)​

3. ●​Offer for Sale (OFS): Rs. 560.29 Cr (1.87 Cr shares)​

●​Price Band: Rs. 284 – Rs. 299 per share​

●​Lot Size: 50 shares per lot​

●​Registrar: Kfin Technologies Ltd.​

●​Issue Type: Book Built Issue IPO​

Hidden Facts about the IPO
●​Private Equity Exit: Creador IV L.P. invested at an effective cost of ~Rs. 70/share in
2019 and is now exiting via OFS at ~Rs. 299/share, making multi-fold gains.​
●​Governance Concern: CFO took a Rs. 60 Cr loan from the company at 5%
interest—an unusual practice among listed peers.​

●​Amalgamation Before IPO: Acquired iUnite Technologies in 2022, issuing 2.47 million
shares to promoters to consolidate control.​

●​Special Rights Waiver: PE investor Sundara Mauritius waived veto and liquidation
rights before IPO—indicating exit certainty.​

Industry Outlook
●​India’s digital transformation and cybersecurity market is projected to grow at a
CAGR of 16–18% (2024–2030).​
●​Rising demand for cloud adoption, AI-based security, and enterprise data
management.​

●​Strong government and corporate push towards IT infrastructure modernization.​

Company Financials (Consolidated)
(As of March 31)
Total Assets:

4. ●​FY25 – Rs. 1,162.67 Cr​

●​FY24 – Rs. 1,004.25 Cr​

●​FY23 – Rs. 1,080.19 Cr​

Revenue:
●​FY25 – Rs. 942.35 Cr​

●​FY24 – Rs. 795.18 Cr​

●​FY23 – Rs. 805.79 Cr​

PAT (Profit After Tax):
●​FY25 – Rs. 85.30 Cr​

●​FY24 – Rs. 70.57 Cr​

●​FY23 – Rs. 59.92 Cr​

EBITDA:
●​FY25 – Rs. 129.13 Cr​

●​FY24 – Rs. 111.06 Cr​

●​FY23 – Rs. 88.82 Cr​

Net Worth:
●​FY25 – Rs. 414.79 Cr​

●​FY24 – Rs. 322.61 Cr​

●​FY23 – Rs. 251.61 Cr​

Borrowings:

5. ●​FY25 – Rs. 42.45 Cr​

●​FY24 – Rs. 45.19 Cr​

●​FY23 – Rs. 50.48 Cr​

The Objective of the Issue
●​Since it is a 100% Offer for Sale (OFS), no funds will go to the company.​

●​Entire proceeds will benefit selling shareholders (including PE investor exit).​

Listed Peers of Ivalue Infosolutions Ltd.
●​No exact listed peer of a similar scale in India.​

●​Closest comparables: Happiest Minds, Rategain, and other IT solution providers, but
none with the same digital distribution model.​

Evaluation of P/E Ratio
●​EPS (FY25): Rs. 15.98​

●​P/E Ratio: 18.71x (based on upper band Rs. 299)​

●​Industry Average P/E: ~10.15x​

●​Interpretation: Valuation is aggressively priced, favoring OFS sellers rather than new
investors.​

IPO’s Strengths
●​Strong positioning in digital transformation and cybersecurity.​

●​Asset-light business with scalable solutions.​

●​Strong network of OEM partnerships and system integrators.​

6. ●​Expanding footprint across India and Southeast Asia.​

●​Experienced leadership with high retention among enterprise clients.​

IPO’s Weaknesses
●​No fresh issue proceeds—IPO only benefits existing shareholders.​

●​High reliance on OEMs and few system integrators.​

●​Governance red flag: loan to CFO.​

●​Short-term, non-exclusive contracts with clients.​

●​Aggressive pricing vs. industry averages.​

Ivalue Infosolutions IPO GMP
●​As of 15 Sep 2025, Ivalue Infosolutions IPO GMP has not started.​

●​Updates will be available closer to listing.​

Ivalue Infosolutions IPO Summary
●​IPO Dates: Sep 18–22, 2025​

●​Face Value: Rs. 2 per share​

●​Issue Price: Rs. 284 – Rs. 299​

●​Lot Size: 50 shares​

●​Issue Size: Rs. 560.29 Cr​

●​Fresh Issue: –​

●​OFS: Rs. 560.29 Cr​

7. ●​Listing At: BSE, NSE​

Ivalue Infosolutions IPO Lot Size
Retail Investors:
●​Minimum: 1 Lot (50 shares) = Rs. 14,950​

●​Maximum: 13 Lots (650 shares) = Rs. 1,94,350​

S-HNI Investors:
●​Minimum: 14 Lots (700 shares) = Rs. 2,09,300​

●​Maximum: 66 Lots​

B-HNI Investors:
●​Minimum: 67 Lots and above​

Ivalue Infosolutions IPO Reservation
●​QIB Investors: 50%​

●​Retail Investors: 35%​

●​Non-Institutional Investors (NII): 15%​

Ivalue Infosolutions IPO Allotment Status
Investors can check allotment status via:
●​BSE Website – IPO Allotment Status​

●​Registrar’s Website (Kfin Technologies Ltd.)​

Promoters and Management

8. ●​Promoters: Sunil Kumar Pillai, Krishna Raj Sharma, Srinivasan Sriram​

●​Promoter Shareholding:​

○​Pre-Issue: 39.92%​

○​Post-Issue: 32.73%​

Ivalue Infosolutions IPO Lead Managers
●​IIFL Capital Services Ltd.​

Dividend Policy
●​No dividend declared in the last 3 years.​

●​Company intends to retain profits for business expansion.​

The Ivalue Infosolutions IPO is a Rs. 560.29 Cr OFS-only issue, indicating no capital infusion
into the company. While the company enjoys strong market presence in digital transformation
and cybersecurity, investors should weigh risks of aggressive valuations, governance concerns,
and heavy reliance on OEMs. This IPO mainly benefits existing shareholders (PE exit) rather
than bringing fresh growth capital.
FAQs
Q1. When will the Ivalue Infosolutions IPO be listed?​
Tentative listing date is Sep 25, 2025.
Q2. How to get the Ivalue Infosolutions IPO refund?​
Refund initiation begins on Sep 24, 2025.
Q3. How to apply for the Ivalue Infosolutions IPO?​
Investors can apply via ASBA (net banking) or UPI through brokers.
Q4. What is the Ivalue Infosolutions IPO allotment date?​
Sep 23, 2025.
Q5. What is the Ivalue Infosolutions IPO price band?​
Rs. 284 to Rs. 299 per share.

9. Disclaimer: This content is for educational purposes only. It is not financial advice. Please
consult a SEBI-registered financial advisor before making investment decisions.