Identixweb was incorporated on July 28, 2017. The company provides SaaS-based digital solutions, specializing in Shopify application development, e-commerce store setup, web apps, UI/UX design, and custom software. It offers over 10 conversion-optimized Shopify applications globally across various sectors.
| Bidding Dates |
|---|
| 26 Mar 2025 - 28 Mar 2025 |
| Subscription |
|---|
| 24.4x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,02,000 | 1 | 1 | 2000 | 3.1 M | ₹51 - ₹54 | 62.99 % | ₹157.1 M - ₹166.3 M | RHP DOC |
Identixweb IPO SUBSCRIPTION STATUS
28 Mar '25Identixweb IPO overall subscription rate was 24.4 times the total available shares
Identixweb IPO retail subscription rate was 19.13 times in the retail segment
Identixweb IPO non-institutional investor subscription rate was 98.24 times in the non-institutional investor category
Identixweb IPO Qualified Institutional Bidder subscription rate was 5.93 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
28 Mar 2025 (Day 3) | 19.13x | 98.24x | 5.93x |
27 Mar 2025 (Day 2) | 0.87x | 0.28x | - |
26 Mar 2025 (Day 1) | 0.35x | 0.02x | - |
Identixweb FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY25 | 19.6 | 47.1 | 12.7 | -14.3 |
| FY24 | 27.0 | 63.3 | 34.1 | -35.5 |
| FY23 | 13.5 | 62.2 | 15.0 | 0.5 |
Identixweb IPO SUBSCRIPTION STATUS DETAILS
Identixweb had 3.1 M shares on offer
Identixweb IPO offer price was in the range ₹51 - ₹54
Identixweb IPO minimum Investment was ₹102000
Identixweb IPO issue size was ₹ 157.1 M - ₹ 166.3 M
Identixweb had a minimum lot size of 2000 Shares per application
Identixweb NUMBER OF SHARES ON OFFER
Identixweb IPO IMPORTANT DATES
| Issue Open Date | 26 Mar 2025 |
| Issue close Date | 28 Mar 2025 |
| Allotment Date | 01 Apr 2025 |
| Refund Date | 02 Apr 2025 |
| Demat Account Credit Date | 02 Apr 2025 |
| Listing Date | 03 Apr 2025 |
| Listing on Exchange(s) | BSE |
| Identixweb Allotment Status | Exchange/ Registrar |
Identixweb IPO subscription opened on 26 Mar 2025, and closed on 28 Mar 2025
IPO allotment for Identixweb was finalized on Tuesday, 01 Apr 2025
IPO listing for Identixweb was on BSE on Thursday, 03 Apr 2025
Identixweb IPO LISTING GAINS
| Issue Price (adjusted) | 54.0 |
| Listing Open Price | 55.0 |
| Listing Close Price | 57.8 |
| Listing Gain% | 1.9% |
| Current Gain% | 14.2% |
Identixweb Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Identixweb Ltd. | 61.6 | 64.4 | 13.7 | 0.5 | 4.7 | 13.7 | 12.6 | 13.6 | 47.7 | 4.7 | 26.3 | 4.5 | 26.3 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Identixweb INFORMATION ON IPO ISSUE
About Identixweb
Identixweb was incorporated on July 28, 2017. The company provides SaaS-based digital solutions, specializing in Shopify application development, e-commerce store setup, web apps, UI/UX design, and custom software. It offers over 10 conversion-optimized Shopify applications globally across various sectors.
Object of the Issue
- Investment in marketing to support the organization’s growth plans in India or outside India
- Investment into market research and product development through Talent Hiring for the issuer company
- Investment in its subsidiary, i.e., Munim ERP, for Product Development through Talent Hiring
- General corporate purposes
Identixweb - PROMOTERS
| Name |
|---|
| Priyankkumar Jivrajbhai Savani |
| Ankur Jagdishbhai Lakhani |
| Hiral Ankurbhai Lakhani |
Identixweb Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Identixweb Registrar to the issue
Skyline Financial Services Private Limited
Ipo@skylinerta.com
Identixweb Strengths
Tailored solutions
The company has expertise in Shopify app development, creating custom web applications that enhance online store functionality, performance, and user experience, helping merchants optimize operations
Comprehensive services
The company offers development services beyond Shopify, including Node.js, PHP, and React.js, providing integrated solutions to meet diverse client needs and drive business growth
Innovation & adaptability
The company stays ahead in a rapidly evolving tech landscape through continuous innovation and R&D, ensuring cutting-edge solutions for clients
Identixweb Risks
Uncertain risks
Product development is a costly and time-consuming process with uncertain outcomes. Success depends on innovation, distribution, and marketing effectiveness
Defects or falilures
Undetected software defects or failures may delay market acceptance or lead to liabilities, adversely affecting business and financial performance
Competition
The company operates in a highly competitive industry with rapid technological changes, facing competition from large IT firms, multinational tech companies, and smaller local players across various markets
IPO FAQs
The promoters of the company are Priyankkumar Jivrajbhai Savani, Ankur Jagdishbhai Lakhani and Hiral Ankurbhai Lakhani.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 51.0 - 54.0.
The IPO application opens on Mar 26, 2025 and closes on Mar 28, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 102,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Apr 01, 2025.
The refund will be credited to your account on Apr 02, 2025.
The allotted shares will be credited to your demat on Apr 02, 2025.
Identixweb Ltd.’s shares listed on the stock exchanges on Apr 03, 2025.