Identixweb Limited's IPO opened on March 26th and closed on March 28th. The price band was ₹51-₹54 per share. On the first day, it was subscribed 8%. Listing on NSE SME will be on April 3rd.
Identixweb Limited aims to raise ₹16.63 crore through its Initial Public Offering (IPO). This IPO is a complete fresh issue, offering 30.80 lakh new shares. Opening on March 26th, the IPO closed on March 28th.
Subscription Status: How did investors respond on the first day?
By 12:10 PM on the first day, the issue was subscribed 8% overall. The retail category saw 14% subscription, while the Non-Institutional Investor (NII) category saw 2% booking. 50% of this IPO is reserved for Qualified Institutional Buyers (QIBs), 35% for Retail Investors, and 15% for NIIs.
Price Band, Lot Size, and Minimum Investment
The Identixweb IPO's price band is ₹51-₹54 per share. The minimum lot size for investment is 2000 shares. This means retail investors need to invest a minimum of ₹1,02,000.
Grey Market Premium (GMP)
According to market sources, the IPO's grey market premium (GMP) is zero rupees. There is no significant activity observed in the unlisted market for this issue.
Share Allotment and Listing Date
IPO Closing Date: March 28th, 2025
Share Allotment: April 1st, 2025
Shares Credit to Demat Account: April 2nd, 2025
Share Listing: April 3rd, 2025 (on NSE SME)
What does Identixweb Limited do?
Established in 2017, Identixweb Limited is a technology company specializing in Shopify app development and custom web solutions. It provides various technology services for the e-commerce, fashion, fintech, and SaaS industries.
Company's Technology and Services
Shopify App Development: Creates custom apps to improve the performance of e-commerce stores.
PHP and React Web App Development: Develops high-performance and data-integrated web applications.
Node.js based Server Development: Provides fast and scalable server infrastructure.
WordPress Plugin Development: Designs custom WordPress plugins for various businesses.
User-friendly Web Apps: Offers advanced web solutions for services like email, shopping, and social networking.
Company's Financial Performance
Identixweb Limited's financial performance appears b.
FY24 (up to March 2024): The company's revenue was ₹6.66 crore, and Profit After Tax (PAT) was ₹2.77 crore.
FY25 (up to September 2024): The company's revenue was ₹4.79 crore, and PAT was ₹2 crore.
