Ivalue Infosolutions IPO: Price Band, Analysis, Allotment And GMP

Ivalue Infosolutions IPO - Company Analysis

Ivalue Infosolutions IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 560.29 Cr (~1.87 crore Shares) by Ivalue Infosolutions Ltd., which was incorporated in 2008 and provides technology services and solutions for Enterprise digital transformation. The business has operations in Southeast Asia, SAARC, and India.

The company provides all-inclusive, specially designed solutions for managing and safeguarding digital data and apps.

In order to ensure the performance, availability, scalability, and security of digital applications and data, the company primarily assists large enterprises with their digital transformation by comprehending their needs and collaborating with System Integrators and OEMs to find, suggest, and implement solutions that meet their specifications.

 

Business Verticals:

Cloud solutions, application lifecycle management (ALM), data center infrastructure, cybersecurity, information lifecycle management, and other solutions customized to meet client needs and backed by a range of original equipment manufacturers (OEMs).
 

Ivalue Infosolutions IPO Details

The Ivalue IPO open date is from Sep 18 to Sep 22, with IPO allotment on Sep 23, refund initiation on Sep 24, 2025.

The Rs. 560.29 Cr mainline IPO comprises a wholly an offer for sale (OFS) issue of 1.87 crore shares. 

The Ivalue Infosolutions IPO listing date might be on Thursday, 25 September 2025, and it will be listed at the BSE and NSE. The Ivalue Infosolutions IPO price band is Rs. 284 to Rs. 299 for each Share. 

Events	Date
IPO Opening Date	Sep 18, 2025
IPO Closing Date	Sep 22, 2025
IPO Allotment Date	Sep 23, 2025
Refund Initiation	Sep 24, 2025
Tentative IPO Listing Date	Sep 25, 2025

 

Ivalue Infosolutions IPO- Hidden Facts

1. Profitable Ventures for Foreign Private Equity Investors

In 2019, Creador IV L.P. Private Equity Fund owned Sundara Mauritius and invested in 1,250,025 Series A CCPS at Rs. 639.98 each.

By August 2025, those shares transformed into 11.43 million equity shares at an effective price of approximately Rs. 69.97 per share.

In other words, this foreign investor entered the market at roughly Rs. 70 per share and is now selling in the Offer for Sale (OFS) at the IPO. If the price squeeze is significantly higher, they stand to make a lot of money. This fact is rarely mentioned in the IPO blogs.

2. CFO Indebtedness - The Governance Concern

The company’s CFO, Venkata Naga Swaroop Muvvala, has taken a 5-year loan for Rs. 60 crore with the company at 5% interest.

This form of lending to senior management is common; however, most listed firms do not follow this. It's a potential governance risk, but it seems very few IPO drafts talk about it.

3. Pre IPO Amalgamation Maneuvers

In the year 2022, Ivalue Infosolutions merged with and absorbed iUnite Technologies and the latter’s shareholders were allotted 2.47 million shares without any cash payment.

Due to the restructuring, the promoters almost consolidated their holdings before the IPO. It is often overlooked in the analyses.

4. Special Rights Waived Before IPO

Sundara Mauritius used to have formidable rights. This included board nomination, veto powers, and liquidation preference (1x capital back in case of winding up).

Just before the IPO, a "Waiver cum Amendment Agreement" was signed, and these rights were waived.

This indicates that their exit, through IPO, was already locked in. If it were not, the company would have never been able to publicly list.

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

Company Financial 

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	1,162.67	1,004.25	1,080.19
Total Revenue	942.35	795.18	805.79
PAT	85.30	70.57	59.92
EBITDA	129.13	111.06	88.82
Net Worth	414.79	322.61	251.61
Reserves and Surplus	452.36	364.77	294.24
Total Borrowing	42.45	45.19	50.48

Cash Flows

The cash flows for various activities are shown below:

(Amount in millions)

Net Cash Flow In Multiple Activities	FY23	FY24	FY25
Net Cash Flow Operating Activities	(226.88)	656.51	462.14
Net Cash Flow Investing Activities	299.92	236.74	(358.57)
Net Cash Flow Financing Activities	218.94	(218.81)	(204.76)

 

Revenue Bifurcation 

Revenue from Operations Breakdown

 

Verticals-wise Revenue Breakdown

(Source RHP)

The Objective of The Issue

No money from the offer or any of its proceeds will be given to the company.

Click to check the IPO application status.

Listed Peers of Ivalue Infosolutions Ltd.

No listed peer of a similar size is engaged in the same lines of business in India as mentioned in the RHP.

Valuation

Metric	Value
Price to Book Value	4.96
RoNW	22.02%
ROCE	28.98%
ROE	21.13%
PAT Margin	8.87%

 

 

Evaluation of P/E Ratio

Considering the period of FY 2025, with an EPS of Rs. 15.98 from the last year, the resulting P/E ratio is 18.71x. When compared with the industry’s average P/E of 10.15x, it indicates higher price bid (on a P/E ratio basis only). Hence, the price of the Share seems aggressively priced for the investors.

Explore the Shringar House of Mangalsutra IPO.

IPO's Strengths 

• Ideally situated in India's and other neighboring economies' huge and rapidly expanding markets for technological solutions and related services.

• Its extensive array of multi-OEM solutions and services positions us as the go-to strategic technology advisor for business IT needs.

• Strong and growing OEM connections across emphasis areas make this partner of choice for OEMs in India.

• A sizable, diverse, and growing network of system integrators with a high retention rate and repeat business.

• Seasoned leadership group, backed by a knowledgeable workforce and an internal training and hiring initiative.

 

IPO’s Weaknesses 

• A strong reliance on technology brands, or OEMs.

• Dependency on a limited number of system integrators (sis).

• Non-exclusive, short-term contracts.

• Regulatory and international risks.

 

Ivalue Infosolutions IPO GMP

Ivalue Infosolutions IPO GMP today has not started yet as of 15 Sep 2025, while writing this information.

Ivalue Infosolutions Limited IPO Summary

IPO Opening & Closing Date	Sep 18, 2025 to Sep 22, 2025
Face Value	Rs. 2 per Share
Issue Price	Rs. 284 to Rs. 299
Lot Size	50 Shares
Issue Size	1,87,38,958 Shares (Rs. 560.29 Cr)
Offer for Sale	1,87,38,958 Shares (Rs. 560.29 Cr)
Fresh Issue	-
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	Kfin Technologies Ltd.

 

 Ivalue Infosolutions IPO Lot Size

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (50 Shares) amounting to Rs. 14950 and 13 Lots (650 Shares) amounting to Rs. 194350, respectively, while for S-HNI investors, the minimum Lot is 14 (700 Shares) amounting to Rs. 209300.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
SHNI (Minimum)	14 Lots
SHNI (Maximum)	66 Lots
BHNI (Minimum)	67 Lots

Ivalue Infosolutions IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

 

Ivalue Infosolutions IPO Allotment Status

To check the Ivalue Infosolutions IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Ivalue Infosolutions Ltd.

• Sunil Kumar Pillai

• Krishna Raj Sharma

• Srinivasan Sriram.

Pre-Issue Promoter Shareholding	39.92%
Post-Issue Promoter Shareholding	32.73%

 

Ivalue Infosolutions IPO Lead Managers

• IIFL Capital Services Ltd. 

Dividend Policy

The company has not paid a dividend in any year.

Conclusion

A Rs. 560.29 Cr OFS, robust sales, solid margins, and a presence throughout India and Southeast Asia are all brought about by the Ivalue Infosolutions IPO. Investor caution is raised by aggressive valuations, strong OEM dependency, and governance issues. The IPO primarily helps selling stockholders because it involves no new issue proceeds. 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.