The Ivalue Infosolutions IPO is a mainboard Offer for Sale (OFS) by Ivalue Infosolutions Ltd., incorporated in 2008. The company provides technology services for enterprise digital transformation with operations in India, Southeast Asia, and the SAARC regions.
Ivalue Infosolutions IPO Details
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IPO Opening Date: Sep 18, 2025
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IPO Closing Date: Sep 22, 2025
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IPO Allotment Date: Sep 23, 2025
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Refund Initiation: Sep 24, 2025
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Tentative Listing Date: Sep 25, 2025
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Issue Size: Rs. 560.29 Cr (1.87 crore shares – OFS)
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Price Band: Rs. 284 – Rs. 299 per share
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Lot Size: 50 Shares
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Listing: BSE & NSE
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Registrar: KFin Technologies Ltd.
Ivalue Infosolutions IPO - Hidden Facts
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Profitable Exit for Foreign Private Equity Investors:
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Creador IV L.P. invested in 2019 at Rs. ~70 per share; now selling at IPO price of Rs. 284–299.
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CFO Lending Risk:
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CFO holds a 5-year Rs. 60 Cr loan from the company at 5% interest, highlighting a potential governance concern.
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Pre-IPO Amalgamation Maneuvers:
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2022 merger with iUnite Technologies led to allocation of 2.47 million shares to iUnite shareholders, consolidating promoters’ holdings.
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Special Rights Waived Before IPO:
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Sundara Mauritius waived board, veto, and liquidation preference rights pre-IPO, facilitating public listing.
Industry Outlook
India’s technology services and enterprise solutions market is rapidly expanding across domestic and Southeast Asian markets, driven by increasing demand for digital transformation and cybersecurity solutions.
Objectives of the Issue
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No proceeds are received by the company as this is a 100% Offer for Sale (OFS).
Listed Peers
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No listed peers of a similar size operate in the same business verticals in India.
Valuation Metrics
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Price to Book Value: 4.96
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ROE: 21.13%
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ROCE: 28.98%
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PAT Margin: 8.87%
P/E Evaluation: FY25 EPS of Rs. 15.98 gives P/E of 18.71x, compared to industry average of 10.15x, indicating the IPO is aggressively priced.
IPO Strengths
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Presence in India and Southeast Asia markets with rapid growth potential.
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Extensive multi-OEM technology solutions and services.
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Strong relationships with system integrators and OEMs, leading to repeat business
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Experienced leadership backed by a skilled workforce and internal training initiatives.
IPO Weaknesses
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Heavy reliance on OEMs and technology brands.
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Dependence on a limited number of system integrators.
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Non-exclusive, short-term contracts.
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Exposure to regulatory and international risks.
Ivalue Infosolutions IPO GMP
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As of 15 Sep 2025, GMP not yet started.
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Listing price will depend on subscription and market conditions.
Ivalue Infosolutions IPO Lot Size & Reservation
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Retail Investors: 1 Lot (50 shares – Rs. 14,950) to 13 Lots (650 shares – Rs. 1,94,350)
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S-HNI Investors: 14 Lots (700 shares – Rs. 2,09,300) to 66 Lots
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Institutional Share Portion: 50%
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Retail Investors: 35%
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Non-Institutional Shares: 15%
IPO Allotment Status
Check allotment at:
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BSE IPO Allotment Status
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Registrar’s official portal (KFin Technologies Ltd.)
Promoters & Management
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Sunil Kumar Pillai
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Krishna Raj Sharma
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Srinivasan Sriram
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Promoter Shareholding: Pre-Issue 39.92%, Post-Issue 32.73%
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Lead Manager: IIFL Capital Services Ltd.
Conclusion
The Ivalue Infosolutions IPO provides investors access to a growing technology services market in India and Southeast Asia. Strong revenue, robust margins, and strategic OEM partnerships are positives. However, aggressive valuations, OEM dependency, and governance concerns require cautious evaluation. Being a 100% OFS, proceeds benefit selling shareholders rather than the company itself.
