Identixweb IPO: Check Offer Size, Price Band, GMP And More

The initial public offering of Identixweb Ltd. opened for subscription on Wednesday, Mar. 26. The IT company, which offers custom web solutions to its clients aims to raise nearly Rs 17 crore through the public offer of shares.

Those looking to invest in this BSE SME issue must check out these key details before making a final investment decision. 

The Identixweb IPO is a book-built issue of Rs 16.63 crores comprising a fresh issue of 30.80 lakh shares. The price band for the IPO is set in the range of Rs 51 to Rs 54 per share.

Retail investors can invest in the IPO with a lot size of 2000 shares requiring a minimum investment of Rs 1,08,000. High Net-Worth Individuals (HNIs) are required to bid for a minimum of 4000 shares, totalling an investment of Rs 2,16,000.

The three-day subscription window for the Identixweb IPO  will be open between Mar. 26 and Mar. 28. The allotment of shares is likely to be finalised by Apr. 1 followed by the credit of shares into the demat account of successful bidders on Apr. 2. Initiation of refunds for the non-allottees will also be done on the same date. 

Shares of Identixweb are expected to be listed on the BSE SME platform on Apr. 3.

Beeline Capital Advisors Pvt. is the book-running lead manager of the Identixweb IPO. The company has appointed Skyline Financial Services Pvt. as the registrar and Spread X Securities Pvt.  as the market maker for the IPO.

The latest grey market premium for the Identixweb IPO stood at Rs 0 as on Mar. 26, according to InvestorGain. This suggests that shares of Identixweb Ltd. are likely to see a flat listing. However, the current GMP trends could change as the subscription begins.

The IPO has been subscribed 0.07 times so far on Day 1.

Note: GMP does not represent official data and is based on speculation.

Identixweb Ltd. is an IT company specialising in Shopify app development and custom web solutions. The company offers services such as Shopify app development, web app development using PHP and React, and WordPress plugin development.

It completed over 100 projects across industries including e-commerce, fashion, fintech, and SaaS.

Use of Proceeds

The company will use proceeds from the IPO to invest in marketing to aid the company’s growth plans, product development, subsidiary, and general corporate purposes.

Financials

Identixweb Ltd.’s profit after tax rose by 105% to Rs 2.84 crore in FY24 from Rs 1.38 crore in FY23. During the period, its revenue increased to Rs 6.6 crore from Rs 6.27 crore in FY23. For the first half of FY25, the company posted a revenue of Rs 4.44 crore with a net profit of Rs 1.98 crore.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.