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yesterday

iValue Infosolutions IPO Draws 28% Day-One Subscription After Rs 168 Crore Anchor Backing

The three-day sale is a pure offer-for-sale priced at Rs 284–299.

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Ivalue Infosolutions IPO
The IPO closes on September 22, and shares are expected to list on the NSE and BSE on September 26.
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Overview

  • Bids on opening day covered 28% of the book, with the retail tranche at 45% and non-institutional at 23%, while the institutional portion is still to be tested.
  • Ahead of the launch, 56.21 lakh shares were allotted to 13 anchor investors at Rs 299 each, raising Rs 168 crore, including allocations to ICICI Prudential, UTI and Societe Generale.
  • The Rs 560.29 crore issue comprises 1.87 crore shares entirely offered by existing holders, split 50% for QIBs, 35% for retail and 15% for NIIs.
  • Selling shareholders include Sundara (Mauritius) offloading 1.10 crore shares and promoter groups selling 38 lakh shares, with proceeds going to them rather than the company.
  • Grey-market trackers showed a Rs 15–25 premium indicating a modest 5–8% listing uplift, while the timetable guides to allotment on Sept. 23 and listing on Sept. 25.