Accretion Pharmaceuticals SME IPO...
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Identixweb Limited's SME IPO: Objectives and Key Details
Founded in 2017, Identixweb is an IT company focused in creating Shopify apps. It provides digital products with SaaS based foundation. The company offers bespoke software solutions, UI/UX design, online and mobile app development, e-commerce shop development, and ongoing support. Speciality of Identixweb are conversion-optimized Shopify applications enhancing operational efficiency, retail performance, and customer interaction. The company offers clients in many different worldwide sectors more than ten custom Shopify apps. Two Identixweb subsidiaries are Munim ERP Private Limited and Identixweb LLC. Munim ERP develops accounting and ERP systems especially for business process management and GST compliance out of Surat, India.
Now starting their Initial Public Offering (IPO) on March 26, 2025, Identixweb is With 3,080,000 new equity shares issued and a price range set between 51 and 54 per share, this SMEs IPO seeks to raise almost 17 crore.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Identixweb Limited's SME IPO: Objectives and Key Details
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Identixweb Limited's SME IPO: Objectives and Key Details Details
| Detail | Description |
|---|---|
| IPO Date | March 26, 2025 to March 28, 2025 |
| Listing Date | April 3, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹51 to ₹54 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 30,80,000 shares (aggregating up to ₹16.63 Cr) |
| Fresh Issue | 30,80,000 shares (aggregating up to ₹16.63 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 73,61,550 shares |
| Share Holding Post Issue | 1,04,41,550 shares |
Identixweb Limited's SME IPO: Objectives and Key Details Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wed, Mar 26, 2025 |
| IPO Close Date | Fri, Mar 28, 2025 |
| Tentative Allotment | Tue, Apr 1, 2025 |
| Initiation of Refunds | Wed, Apr 2, 2025 |
| Credit of Shares to Demat | Wed, Apr 2, 2025 |
| Tentative Listing Date | Thu, Apr 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2025 |
Identixweb Limited's SME IPO: Objectives and Key Details Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| - | - | - | - |
Identixweb Limited's SME IPO: Objectives and Key Details Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| - | - |
Identixweb IPO Anchor Investors Details
| Bid Date | March 25, 2025 |
| Shares Offered | 8,76,000 |
| Anchor Portion Size (In Cr.) | 4.73 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 1, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 30, 2025 |
Competitive Strength:
- -
Identixweb Limited's SME IPO: Objectives and Key Details Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 14.57 | 4.79 | 2 | 12.3 | 0.11 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 11.96 | 6.66 | 2.77 | 10.29 | 0.11 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 6.13 | 6.27 | 1.35 | 4.67 | 0.46 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 37.70% |
| ROCE | 57.25% |
| RoNW | 27.39% |
| PAT Margin | 44.86 |
| Price to Book Value | 3.84 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
IPO Objectives
The net proceeds from the IPO are earmarked for several strategic initiatives:
- Marketing Investments: Allocate funds to bolster marketing efforts, supporting the company's growth plans both within India and internationally.
- Market Research and Product Development: Invest in market research and product development by hiring talented professionals to enhance the company's offerings.
- Subsidiary Product Development: Channel funds into the company's subsidiary for product development through talent acquisition, aiming to expand and refine their product suite.
- General Corporate Purposes: Utilize a portion of the proceeds for general corporate needs to ensure smooth operational functioning and financial stability
Conclusion
The IPO of Identixweb Limited offers investors a chance to be part of the expansion of a business committed to offer creative SaaS solutions. The money obtained is carefully distributed to support general corporate objectives, improve marketing initiatives, and invest in product development, so positioning the business for continuous expansion in the competitive IT scene.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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What is the subscription period for Identixweb Limited's SME IPO?
• The IPO is open for subscription from March 26 to March 28, 2025.
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What is the price band set for the IPO?
• The price band for the IPO is set between ₹51 and ₹54 per share.
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How many shares are being offered in this IPO?
• The company is offering 3,080,000 fresh equity shares through this IPO.
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What is the minimum investment required for retail investors?
• Retail investors are required to apply for a minimum of 2,000 shares, which amounts to an investment of ₹108,000 at the upper price band.
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When will the allotment of shares be finalized?
• The allotment of shares is expected to be finalized on April 1, 2025.
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On which platform will Identixweb's shares be listed?
• The shares are proposed to be listed on the BSE SME platform.
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What is the expected listing date for the shares?
• The shares are expected to be listed on April 3, 2025.
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How will the funds raised from the IPO be utilized?
• The proceeds will be used for marketing investments, market research and product development, subsidiary product development, and general corporate purposes.
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Who are the lead managers for this IPO?
• The IPO is managed by Beeline Capital Advisors Private Limited.
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How can investors apply for this IPO?
• Investors can apply online using UPI or ASBA as the payment method through their bank's net banking services or brokers offering these facilities.
