Ivalue Infosolutions IPO listing today. GMP suggests cautious buzz – News Air Insight

Bengaluru-headquartered enterprise technology services provider Ivalue Infosolutions will make its market debut on Thursday after closing its Rs 560 crore IPO on Monday. The issue, which was entirely an offer-for-sale (OFS), received bids for 2.38 crore shares against 1.31 crore on offer, getting subscribed 1.82 times overall.

While institutional demand gave the issue a healthy close, activity in the unofficial market has been tepid. The grey market premium (GMP) is hovering at 0%, indicating that the stock may list close to its issue price of Rs 299 per share.

IPO subscription snapshot

The IPO ran from September 18 to September 22 with a price band of Rs 284–299 per share and a lot size of 50 shares. At the top end, the company commands a market cap of Rs 1,600 crore.Anchor investors had already put in Rs 168 crore on September 17, taking up 30% of the issue.

Business and financials

Founded in 2008, Ivalue Infosolutions specialises in enterprise digital transformation, providing solutions in cybersecurity, data lifecycle management, cloud, and IT infrastructure. The company operates not just across India but also in Singapore, Bangladesh, Sri Lanka, UAE, Cambodia, and Kenya.Its client base primarily comprises large enterprises, supported by strong OEM partnerships and a network of system integrators.Financially, the company has shown steady growth. For FY25, revenue stood at Rs 942 crore, up 19% year-on-year, while net profit rose 21% to Rs 85.3 crore. Margins have remained stable with PAT margin at 8.9% and ROE above 21%.

What the market is saying

Despite the stable financial performance and global footprint, the lack of listing buzz in the grey market is noteworthy. Analysts say this is partly because the IPO was a pure OFS, with no fresh capital infusion into the company. That means proceeds will go entirely to existing shareholders, not into business expansion.

Valuations also leave limited headroom for immediate upside. At the issue price, the stock is valued at 18.7x earnings, which they consider fair given the steady but not spectacular growth trajectory.

Ivalue’s leadership in its niche and its role in enterprise digital transformation may support long-term interest.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)