iValue Infosolutions IPO LIVE: Subscription at 89%, GMP Signals Flat Listing. Should You Apply?

By the end of Day 2, the IPO was subscribed 89%. Here’s how investor interest is shaping up:

• QIBs (Institutional Investors): 1.22x subscribed

• Retail Investors: 0.85x subscribed

• 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

• Issue Size: ₹560 crore

• Type: 100% Offer for Sale (no fresh issue, proceeds go to selling shareholders)

• Shares Offered: 1.87 crore equity shares

• Valuation: At the upper end (₹299), market cap is ~₹1,600 crore

• Lot Size: 50 shares (min investment ₹14,950 at upper band)

• Anchor Investors: Raised ₹168 crore before launch

About iValue Infosolutions Ltd.

Creador-backed iValue Infosolutions IPO is a leading enterprise technology solutions provider.

• Specializes in digital application & data security

• Works with a multi-OEM portfolio and strong partnerships with system integrators

• 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:

• FY23: ₹7,968 million

• FY24: ₹7,802 million

• FY25: ₹9,227 million

Key Dates to Remember

• Issue Close Date: September 22

• Basis of Allotment: September 23

• Refunds & Demat Credit: September 24

• Listing Date: September 25 (BSE & NSE)

Should You Apply?

Brokerages are divided, but some lean positive:

• 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.

• Grey Market Signal: Weak. The current GMP of ₹3 points to flat to minimal listing gains.

Our Take

• For short-term investors, listing gains look limited.

• For long-term investors, iValue’s positioning in enterprise tech solutions and steady financials may offer gradual growth potential.

However, since this IPO is a pure OFS, the company won’t receive funds directly – a factor worth considering.