By the end of Day 2, the IPO was subscribed 89%. Here’s how investor interest is shaping up:
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QIBs (Institutional Investors): 1.22x subscribed
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Retail Investors: 0.85x subscribed
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Non-Institutional Investors (HNIs): 0.55x subscribed
Grey Market Premium (GMP) Today
The iValue Infosolutions IPO GMP is currently at just ₹3.
That translates to a likely listing price of around ₹302, a 1% premium over the upper band of ₹299.
👉 In other words: the grey market is signaling muted listing gains.
About the IPO
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Issue Size: ₹560 crore
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Type: 100% Offer for Sale (no fresh issue, proceeds go to selling shareholders)
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Shares Offered: 1.87 crore equity shares
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Valuation: At the upper end (₹299), market cap is ~₹1,600 crore
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Lot Size: 50 shares (min investment ₹14,950 at upper band)
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Anchor Investors: Raised ₹168 crore before launch
About iValue Infosolutions Ltd.
Creador-backed iValue Infosolutions IPO is a leading enterprise technology solutions provider.
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Specializes in digital application & data security
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Works with a multi-OEM portfolio and strong partnerships with system integrators
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Segments: Hardware (₹7,443 mn in FY25), Software & Support (₹1,645 mn), and IT-enabled services (₹138 mn).
The company has shown steady growth in revenues:
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FY23: ₹7,968 million
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FY24: ₹7,802 million
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FY25: ₹9,227 million
Key Dates to Remember
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Issue Close Date: September 22
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Basis of Allotment: September 23
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Refunds & Demat Credit: September 24
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Listing Date: September 25 (BSE & NSE)
Should You Apply?
Brokerages are divided, but some lean positive:
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BP Equities: Subscribe (medium-to-long term) – At the upper price band, the valuation (P/E ~18.7x on FY25 earnings) looks reasonable. Strong positioning, a wide OEM network, and steady demand support growth.
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Grey Market Signal: Weak. The current GMP of ₹3 points to flat to minimal listing gains.
Our Take
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For short-term investors, listing gains look limited.
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For long-term investors, iValue’s positioning in enterprise tech solutions and steady financials may offer gradual growth potential.
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However, since this IPO is a pure OFS, the company won’t receive funds directly – a factor worth considering.
