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2h ago

iValue Infosolutions Slips on Debut, Lists About 5% Below IPO Price

Investor appetite was restrained by the offer-for-sale structure that directed proceeds to existing shareholders.

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Ivalue Infosolutions IPO made a muted market debut; stock list at 5% discount
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Overview

  • The stock opened at Rs 284.95 on the NSE and Rs 285 on the BSE versus the Rs 299 issue price, then closed at Rs 281.75 on the BSE, down 5.76%.
  • The Rs 560.29 crore offering was a pure offer-for-sale of 1.87 crore shares in a price band of Rs 284–299.
  • Subscription totaled 1.82 times overall, led by QIBs at 3.18 times, with NIIs at 1.26 times and retail at 1.28 times.
  • The grey market premium fell from roughly Rs 15 during bidding to near zero before listing, pointing to a subdued debut.
  • The company listed at an equity valuation of about Rs 1,518 crore and provides enterprise security, data protection and IT infrastructure solutions.