Ivalue Infosolutions IPO Subscription Reaches 0.28 Times on Day 1

The Ivalue Infosolutions IPO has received a strong response from investors, with a subscription of 0.28x by the end of Day 1. The company is offering shares at a price of Rs. 284 to Rs 299 per share, with a minimum lot size of 50 shares. The issue size stands at 1,87,38,958 shares (aggregating up to Rs 560.29 crore), comprising only offer for sale. Stay tuned for the latest updates on the Ivalue Infosolutions IPO subscription status as the offering progresses.

Ivalue Infosolutions IPO Subscription Status - Day 1

The Ivalue Infosolutions IPO was subscribed 0.28 times on Day 1, with Retail Investors at 0.46 times, Non-Institutional Investors (NIIs) with a demand at 0.23 times, and Qualified Institutional Buyers (QIBs) at 0.00 times.

Last updated: 05:04 PM, Thursday, 18 Sept 2025

Company Overview of the Ivalue Infosolutions IPO

iValue Infosolutions Limited is a rapidly growing Strategic Technology Advisor that specializes in securing and managing enterprises’ digital assets in hybrid-cloud environments. The company employs over 500 experts and offers custom solutions and services in collaboration with top Original Equipment Manufacturers (OEMs) across India, SAARC, and Southeast Asia. The company has a cloud-based Center of Excellence (CoE) that showcases over 25 integrated solution stacks across OEMs to facilitate quick and risk-free technology adoption, supporting business growth for its partners. iValue maintains a direct presence in India, SAARC, and Southeast Asia, with local teams that handle business and technical needs regionally.

With more than 15 years of business maturity and experience from over 8,000 customer engagements, iValue positions itself as a value aggregator and technology enabler. Its expertise spans several verticals, including government services, banking, financial services and insurance, telecom, retail, and manufacturing. This broad experience enables them to offer high-quality consulting, enabling, and managed services globally.

Strengths and Risks of Ivalue Infosolutions IPO

Let’s dive into the strengths and risks to assess if the Ivalue Infosolutions IPO is good or bad for investors

Strengths

• Strong and Consistent Financial Performance: The company has demonstrated a robust financial track record with consistent growth in profitability. Revenue from operations increased to Rs 922.68 crore in Fiscal 2025, and profit after tax has grown consistently from Rs 59.92 crore in Fiscal 2023 to Rs 85.30 crore in Fiscal 2025. The company’s EBITDA and PAT margins are also significantly higher than its global peers, reflecting efficient operations.

• Comprehensive and Innovative Product Portfolio: iValue is a technology aggregator offering a wide range of solutions across high-growth domains like cybersecurity, cloud, and data management. As of March 31, 2025, the company had curated over 30 pre-integrated, multi-OEM technology stacks, providing tailored, scalable solutions that align with enterprise priorities such as digital transformation and compliance. This solutions-led approach differentiates it from traditional distributors.

• Strong and Expanding Partner Ecosystem: The company has a large and growing network of partners, which creates a competitive advantage and high entry barriers. As of Fiscal 2025, it collaborated with 109 OEMs and operated through a network of 804 system integrators, enabling it to serve 2,877 enterprise customers. The company also has long-standing relationships with 19 OEM partners associated for more than 10 years.

• Experienced Leadership and Skilled Workforce: The business is led by experienced promoters with significant industry expertise. The company's workforce is highly skilled, with its technology team accounting for over 51% of its total employees as of March 31, 2025. It also has an in-house training program, iAcademy, to source and develop talent, addressing the industry-wide shortage of skilled professionals.

• Strategic Position in High-Growth Markets: iValue Infosolutions is uniquely positioned to capitalize on the fast-growing enterprise technology solutions market in India and the broader SAARC region. The company’s focus on high-growth categories such as cybersecurity, cloud-native workloads, and AI is expected to benefit from increasing digital transformation spending and supportive government policies in these regions.

Risks

• High Dependence on Key Partners: A significant portion of the company's revenue is concentrated within its top partners. In Fiscal 2025, its top 10 OEMs accounted for 63.02% of its gross sales billed to customers, with the largest single OEM contributing 16.7%. A loss of any of these key partners could materially and adversely affect the business and financial results.

• Vulnerability to OEM and Competitor Actions: The company's business model is dependent on third-party solutions as it does not manufacture its own products. The agreements with OEMs are often non-exclusive and can be terminated without cause, allowing OEMs to sell directly or through other competitors. This poses a risk to the company's market share and revenue.

• Working Capital and Cash Flow Risks: The company has a working capital-intensive business model, and it experienced negative cash flows from operations in Fiscal 2023. Its Days Sales Outstanding (DSO) of 125 days in Fiscal 2025 is a concern and indicates potential pressure on liquidity, even with credit insurance covering a high percentage of receivables. The company cannot guarantee that its future cash flows will be positive.

• High Employee Attrition Rates: The company operates in a people-driven industry that relies on highly skilled IT professionals. In Fiscal 2025, iValue had a high attrition rate of over 34%, which can lead to increased recruitment costs, loss of internal knowledge, and potential impacts on service quality and project delivery.

• Lack of Comparable Indian Listed Peers: The company's business model makes it difficult to find directly comparable listed peers in India. This makes it challenging for potential investors to assess its performance against domestic competitors, which could influence investment decisions. For comparison purposes, the company's RHP uses international peers like Exclusive Networks S.A. and Multi-Chem Limited, which operate in different regulatory and economic environments.

Ivalue Infosolutions IPO Details

• IPO Date: September 18, 2025, to September 22, 2025

• Issue Price: Rs 284 to Rs 299 per share

• Lot Size: 50 shares

• Total Issue Size: 1,87,38,958 shares (aggregating up to Rs 560.29 crore)

• Tentative Allotment Date: Tuesday, September 23, 2025

• Tentative Listing Date: Thursday, September 25, 2025

How to Apply for Ivalue Infosolutions IPO

• Visit the Rupeezy app or Rupezy DOCK.

• Navigate to the IPO section on the Home Page

• Here, you can view all the IPOs with details such as market lot, minimum bid quantity, price range, and analysis.

• You can read the Red Herring Prospectus for the issue details.

• Click on Apply.

• Enter your UPI ID for payment & place the bid.

• While placing the bid, enter the cutoff price or desired price in the range specified. Select quantity as per lot size. 

• Submit to complete the order.