Ivalue Infosolutions Ipo : Driving India's Digital Future

IVALUE Infosolutions Ltd

IVALUE Infosolutions Ltd is engaged in the business of providing technology services and solutions, with specific focus on enterprise digital transformation. It operates across India and Southeast Asia. The company offers a full-stack solution to manage the digital franchise of any business. The company not only provides the consultancy service, but also provides technical expertise and a wide range of associated services to clients.

The IPO is entirely an offer for sale (OFS) by early investors; hence there is no fresh funds coming into the company. IVALUE Infosolutions Ltd was promoted by Sunil Kumar Pillai, Krishna Raj Sharma, and Srinivasan Sriram. The IPO will be lead-managed by IIFL Capital Services and Motilal Oswal Investment Advisors; while KFIN Technologies Ltd (KFINTECH) will be the IPO registrar. The company is headquartered in India’s IT capital of Bengaluru.

Highlights of the IPO Issue

Here are the key highlights of the public issue of IVALUE Infosolutions Ltd.

• The IPO of will be open from September 18th, 2025 to September 22nd, 2025. It has a face value of ₹2 per share and IPO price band is set in range of ₹284 to ₹299 per share.

• The IPO of IVALUE Infosolutions Ltd will be entirely an offer for sale (OFS) of shares with no fresh issue component in the IPO. Capital will just see transfer of ownership.

• The OFS of the IPO comprises the sale of 1,87,38,958 shares (187.39 lakh shares), which at the upper price band of ₹299 per share translates into ₹560.29 crore.

• As there is no fresh issue, the overall IPO will comprise the OFS of 1,87,38,958 shares (187.39 lakh shares) worth ₹560.29 crore at the upper band price of ₹299 per share.

The IPO of IVALUE Infosolutions Ltd will be listed on the NSE and the BSE on the IPO mainboard.

Key Dates, Investor Allocation, And Lot Sizes

Here are the key dates pertaining to the IPO of IVALUE Infosolutions Ltd

Data Source: Company RHP

Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).

The table below captures the gist of the allocation to various categories.

Data Source: Security Parameters Filing (NSE)

The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement. Here is a quick look at the lot sizes applicable for the IPO of IVALUE Infosolutions Ltd for various categories of investors.

It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 50 shares)

Financial Highlights

The table captures the key financials of IVALUE Infosolutions Ltd for last 3 financial years.

Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)

The company has shown fairly solid and profitable operations in the last 3 years, with a robust ROE at close to the 20% mark over the last 3 years. Sales may have been erratic, but that is more due to cyclical factors. Net margins are attractive at close to 10%.

Valuation Metrics

At the current issue price of ₹299 per share, the valuation of the company is at a P/E ratio of 18.7X in terms of latest year EPS of ₹15.98. with the steady growth in EPS, this should look more attractive in terms of forward valuations. The big advantage for the company is its positioning in the technology solutions space, which is growing rapidly. The company has built a strong base of OEMs in India, whom they have been servicing consistently.

The financial track record is also strong and the company has shown consistent growth in the profit pool. Asset turnover may be tad low, but that is not too relevant for this business. In terms of valuation, the company is reasonably priced in the IPO. The shift in the IT space has been towards small and mid-cap space with more focused business models. Investors can look at this IPO from a longer-term perspective.

A Brief on the Anchor Allocation

The anchor issue of IVALUE Infosolutions Ltd saw a relatively strong response on 17th September 2025 with 30.00% of the IPO size absorbed by anchors. Out of 1,87,38,958 shares (187.39 lakh shares) on offer, anchors picked up 56,21,686 shares (56.22 lakh shares) accounting for 30.00% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹299 per share. This includes the face value of ₹2 per share plus a share premium of ₹297 per share. The anchor bidding opened and closed on 17th September 2025.

Key Points to Note in the Anchor Allocation Process

Here are the key details pertaining to the anchor bidding of IVALUE Infosolutions Ltd

An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.

Anchor Allocation Investors

On 17th September 2025, IVALUE Infosolutions Ltd allotted 56,21,686 shares to 13 anchor investors. The allocation was done at the upper IPO price band of ₹299 per share which resulted in overall anchor allocation of ₹168.09 crore. The anchors have already absorbed 30.00% of the total issue size of ₹560.29 crore. Listed below are the 10 IPO anchor investors who accounted for anchor collection of ₹153.07 crores, or, 91.06% of anchor allocation.

Data Source: BSE Filings (Value Allocated in ₹ in Crore)

The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below.

https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20250917-54&attachedId=c397b05b-3076-45b4-99a6-dd4ca43d82a4

Out of the 56,21,686 shares allocated to the anchors in the IPO, there were a total of 23,41,150 shares allocated to domestic mutual funds regulated by SEBI. This allocation was done across 2 mutual fund Schemes of 2 AMCs in India. Mutual Funds accounted for 41.64% of the overall anchor allocation absorbed. Most of the other anchor shares were allocated to alternative investment funds (AIFs), FPIs, and P-Notes.

Next Step in the IPO

Post the closure of the IPO subscription on 22nd September 2025, the basis of allotment will be finalized on 23rd September 2025 and the refunds will be initiated on 24th September 2025. In addition, the demat credits are expected to also happen on 24th September 2025 and the stock will list on 25th September 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 24th September 2025 under ISIN (INE056801025).

IPO Subscription Status On Day-1

As of 5.10 pm on 18th September 2025, out of the 131.17 lakh shares on offer in the IPO (excluding anchor portion), IVALUE Infosolutions Ltd saw bids for 36.35 lakh shares. This implies an overall subscription of 0.28X at a macro level. The granular break-up of subscriptions as of the close of Day-1 of the IPO of IVALUE Infosolutions Ltd was as under:

The subscriptions were led by the Retail Investors followed by the HNI / NII investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.

Data Source: NSE / BSE (as of close of Day-1 of the IPO)

The IPO is open up to September 22, 2025, at which point we will know the final subscription status of the IPO.

IPO Subscription Status On Day-2

As of 5.10 pm on 19th September 2025, out of the 131.17 lakh shares on offer in the IPO (excluding anchor portion), IVALUE Infosolutions Ltd saw bids for 116.75 lakh shares. This implies an overall subscription of 0.89X at a macro level. The granular break-up of subscriptions as of the close of Day-2 of the IPO of IVALUE Infosolutions Ltd was as under:

The subscriptions were led by the QIB followed by the Retail investors and the HNI / NII investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.

Data Source: NSE / BSE (as of close of Day-2 of the IPO)

The IPO is open up to September 22, 2025, at which point we will know the final subscription status of the IPO.

IPO Subscription Status On Day-3

As of 7.10 pm on 22nd September 2025, out of the 131.17 lakh shares on offer in the IPO (excluding anchor portion), IVALUE Infosolutions Ltd saw bids for 238.25 lakh shares. This implies an overall subscription of 1.82X at a macro level. The granular break-up of subscriptions as of the close of Day-3 of the IPO of IVALUE Infosolutions Ltd was as under:

The subscriptions were led by the QIB investors followed by Retail investors and HNI / NII investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that was the case in this issue also; although the response was relatively tepid. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. That was missing here. Here is the category-wise subscription. Overall subscription ratio excludes anchor portion.

Data Source: NSE / BSE (as of close of Day-3 of the IPO)

The IPO was open up to the close of trading hours on September 22, 2025. As of the close of September 22, 2025, the IPO has closed for subscription. The subscription status in the above table represents the final subscription status of the IPO of IVALUE Infosolutions Ltd as of the cut-off time of 7.00 PM on the closing date.

About the IVALUE Infosolutions Ltd

The IPO of IVALUE Infosolutions Ltd opened on September 18th, 2025 and closed on September 22nd, 2025. The IPO comprised of an offer for sale (OFS) of 1,87,38,958 shares (187.39 lakh shares) worth ₹560.29 crore at the upper band price of ₹299 per share. The allotment status will be finalized by EOD of September 23, 2025. Here is how to check allotment status for the IPO of IVALUE Infosolutions Ltd. You can check IPO status on BSE or NSE or IPO Registrar website (KFIN Technologies).

Checking The Allotment Status of IPO on BSE Website

This is a common link for all mainboard IPOs. Click on BSE link for IPO allotment as below.

https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

• Under Issue Type – Select Equity Option

• Under Issue Name – Select IVALUE Infosolutions Ltd from the drop-down box

• Enter the Application Number / CAF exactly as in the acknowledgement slip

• Alternatively, Enter your PAN (10-digit alphanumeric) number

• Once this is done, you need to click on the Captcha to verify you are not a robot

• Finally click on the Search Button

You can use either of the parameters to query; Application / CAF number or Investor PAN.

The allotment status will be displayed on the screen in front of you informing about the number of shares of IVALUE Infosolutions Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.

Checking The Allotment Status of IPO on NSE Website

This is a common link for all IPOs. Click on NSE link for IPO allotment as below.

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Once you reach the page, here are the steps to follow.

• Under Issue Type – Select Equity & SME IPO Details Option

• Under SELECT SYMBOL – Select IVALUE from the drop-down box

• Enter the Application Number / CAF exactly as in the acknowledgement slip

• Enter your PAN (10-digit alphanumeric) number

• Once both are entered, click on the Submit Button

You must input the Application / CAF number and the Investor PAN.

The allotment status will be displayed on the screen in front of you informing about the number of shares of IVALUE Infosolutions Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.

Checking Allotment Status of IPO on KFIN Technologies Ltd.

Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below:

https://kosmic.kfintech.com/ipostatus/

KFIN Technologies Ltd provides details of IPOs managed by them and where allotment status is finalized. Radio buttons allow you to opt to see all IPOs or just recent IPOs. The latter option reduces the list of IPOs to search. Once you click on Recent IPOs, dropdown shows recent active IPOs, where allotment status is finalized. Select IVALUE Infosolutions Ltd.

THERE ARE 3 WAYS TO QUERY ALLOTMENT STATUS ON KFIN TECHNOLOGIES LTD

To Query by Application Number, check the appropriate box and follow these steps.

• Enter the Application Number as it is

• Enter the 6-digit Captcha Code

• Click on Submit button

• Allotment Status gets displayed on screen

Unlike in the past, now you do not have to select ASBA versus Non-ASBA option.

To Query by Demat Account, check the appropriate box and follow these steps.

• First select the depository (NSDL / CDSL)

• Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL)

• Enter the Client-ID in the second box

• For NSDL, the Demat account is 2 strings; for CDSL it is just 1 string

• Enter the 6-digit Captcha Code

• Click on Submit button

• Allotment Status gets displayed on screen

To Query by PAN, check the appropriate box and follow these steps.

• Enter the 10-Character PAN number, available on your PAN card

• After you enter the PAN number, Enter the 6-digit numeric Captcha Code

• Click on Submit button

• Allotment status gets displayed on screen

If captcha code is not clear; toggle for more options. Retain a screenshot of the allotment status output for future reference. This can be tallied with demat credit post allotment.

Weak Listing For IVALUE Infosolutions Ltd

IVALUE Infosolutions Ltd had a weak listing on 25th September 2025. On the NSE, the stock of IVALUE Infosolutions Ltd listed at ₹284.95, a discount of -4.70% to the IPO issue price of ₹299 per share. The issue was subscribed just 1.82 times overall at the close of the IPO, so opening sentiments being weak was along expected lines. In addition, the markets were also weak on Thursday, leading to a compounding effect on the stock price.

On the BSE also, the listing of IVALUE Infosolutions Ltd was at a discount. Against the issue price of ₹299 per share, the stock listed at ₹284, a discount of -4.68% to the issue price. The stock of IVALUE Infosolutions Ltd is on T+1 rolling settlement system.

How the Stock of Ivalue Infosolutions Ltd Moved During the Day?

After opening weak at ₹284.95 per share on the NSE, the stock traded below the IPO price for a better part of the trading day. During the day, the stock of IVALUE Infosolutions Ltd touched a high of ₹298.35 and an intraday low of ₹274.05. On the NSE, the upper circuit band of the stock is set at ₹341.90 while the lower circuit band is set at ₹228 per share. Effectively, the stock hovered above and below the IPO price through the day.

What about the BSE? After opening lower at ₹284 per share on the BSE, the stock hovered in a broad range around the IPO price. During the day, the stock of IVALUE Infosolutions Ltd touched a high of ₹298 and an intraday low of ₹274.05. On the BSE, the upper circuit band of the stock is set at ₹341.95 while the lower circuit band is set at ₹228 per share. Even on BSE, the stock hovered above and below the IPO price, with a weak bias.

How Did the Stock of Ivalue Infosolutions Ltd Close on Listing Day?

Here is how the stock of IVALUE Infosolutions Ltd closed on the NSE. The closing price of ₹281.85 per share is at a discount of -5.74% to the IPO issue price and also at a discount of -1.09% to the listing price of ₹284.95 per share on the NSE. The company had a market cap of ₹1,509.02 crore at close. During the day, the stock of IVALUE Infosolutions Ltd traded 82.20 lakh shares on the NSE, with total traded value of ₹235.20 crore. Deliveries were 37.14% of the total volumes on NSE.

Here is how the stock of IVALUE Infosolutions Ltd closed on the BSE. The closing price of ₹281.75 per share is at a discount of -5.77% to the IPO issue price and a discount of -1.14% to the listing price of ͭ₹285 on the BSE. The company had a market cap of ₹1,508.49 crore as of close. During the day, the stock of IVALUE Infosolutions Ltd traded 8.19 lakh shares on the BSE, having a total traded value of ₹23.34 crore. Deliveries were 46.69% on the BSE.

The stock trades under the codes: NSE (IVALUE), BSE (544523), ISIN (INE056801025).