Ivalue Infosolutions IPO Sees Subdued Demand; Subscribed 0.36x by Day 2 Morning

New Delhi, September 19, 2025: Interest in Ivalue Infosolutions Limited’s ₹560.29 crore IPO has been modest so far. By 1:30 PM on the second day of bidding, the issue was subscribed just 0.45 times, reflecting cautious investor sentiment, despite steady participation from the retail segment.

Founded in 2008 and headquartered in Bengaluru, Ivalue Infosolutions is a value-added distributor specialising in cybersecurity, data centre infrastructure, hybrid cloud services, and application lifecycle management. The company partners with more than 100 global technology providers, including Check Point, Splunk, Google Cloud and Nutanix, and serves over 8,000 clients in BFSI, telecom, government, and manufacturing sectors. In FY24, Ivalue Infosolutions generated revenue of ₹4,921.1 crore and profit after tax of ₹110.2 crore, indicating that it is consistently growing in sales as well as profit.

Subscriptions Across Categories of Investors

Retail investors led the demand, subscribing 71% with 46.46 lakh bids against 65.59 lakh shares reserved for them. Non-Institutional Investors (NIIs) subscribed to around 40% of their allocation, with smaller bidders showing more activity than larger ones, although notable interest was seen among big-ticket investors as well.

Qualified Institutional Buyers (QIBs), excluding anchor investors, showed limited participation, subscribing to just 5% of their allocated shares. Overall, bids were placed on 59.53 lakh shares against the total offering of 1.31 crore shares.

Pricing Sentiment and Bidding Behavior

Analysis of the price data shows that most investors adopted a cautious approach, placing 31.58 lakh bids at the cut-off price. This indicates hesitation to bid above the cut-off until market response becomes clearer. Demand was steady but weaker across the higher price bands of ₹284 to ₹299.

Anchor Investment Provides Early Support

Ahead of Ivalue Infosolutions IPO, Ivalue Infosolutions raised ₹168.09 crore from anchor investors on September 17, allocating over 56.21 lakh shares at ₹299 each. Mutual funds showed strong interest, with ICICI Prudential Innovation Fund and UTI Small Cap Fund committing ₹70 crore, or 41.64% of the anchor allocation. Other notable participants included UNIFI BCAD Fund, Société Générale, Kotak Iconic Fund II, and Sameeksha India Equity Fund.

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