Identixweb, as an IT firm, is involved in providing Software as a service (SAAS) - based digital product solutions. The Company offers E-Commerce Store Development, Web App Development, UI/UX Design, Website development, Customize Software Development, support and maintenance with a primary focus on Shopify application development.

Identixweb, an Book Built Issue amounting to ₹ 16.63 Crores, consisting entirely an Fresh Issue of 30.80 Lakh Shares. The subscription period for the Identixweb IPO opens on March 26, 2025, and closes on March 28, 2025. The allotment is expected to be finalized on or about Tuesday, April 01, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Thursday, April 03, 2025.

The Share Price Band of Identixweb IPO is set at ₹ 51 to ₹ 54 per equity share. The Market Capitalisation of the Identixweb Limited at IPO price of ₹ 54 per equity share will be ₹ 56.38 Crores. The lot size of the IPO is 2,000 shares. Retail investors are required to invest a minimum of ₹ 1,08,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4,000 shares), amounting to ₹ 2,16,000.

Beeline Capital Advisors Private Limited is the book running lead manager of the Identixweb IPO, while Skyline Financial Services Private Limited is the registrar for the issue. Spread X Securities Private Limited is the Market Maker for Identixweb IPO.

Identixweb Limited IPO GMP Today
The Grey Market Premium of Identixweb Limited IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Identixweb Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on March 28, 2025, the Identixweb Limited IPO live subscription status shows that the IPO subscribed 24.40 times on its Final day of subscription period. Check the Identixweb IPO Live Subscription Status Today at BSE.

Identixweb Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
21 March 2025	₹ 54	₹ 54	₹ 0 (0.00%)	06:00 PM; 21 Mar 2025

Identixweb IPO Anchor Investors Report
Identixweb has raised ₹ 4.73 Crores from Anchor Investors at a price of ₹ 54 per shares in consultation of the Book Running Lead Managers. The company allocated 8,76,000 equity shares to the Anchor Investors. Check Full List of Identixweb Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion

Identixweb Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Identixweb IPO allotment date is 01 April, 2025, Tuesday. Identixweb IPO Allotment will be out on 1st April, 2025 and will be live on Registrar Website from the allotment date. Check Identixweb IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Identixweb Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Identixweb Limited IPO
Identixweb proposes to utilise the Net Proceeds towards the following objects: 
1. ₹ 250.00 Lakhs is required for Investment in marketing to support organization’s growth plans in India or Outside India
2. ₹ 420.00 Lakhs is required for Investment into market research and product development through Talent Hiring for the issuer company.
3. ₹ 415.80 Lakhs is required for Investment in our Subsidiary i.e., Munim ERP Private Limited for Product Development through Talent Hiring
4. General Corporate Purposes

Refer to Identixweb Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

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About Identixweb Limited

Business Overview

Identixweb Limited, incorporated in 2017, is an IT firm specializing in Software as a Service (SaaS)-based digital solutions. The company focuses on Shopify application development, delivering conversion-optimized applications that enhance store functionality, sales, and operations. Services include E-Commerce Store Development, Web App Development, UI/UX Design, Website Development, Custom Software Development, and Maintenance & Support.

With over 10 Shopify applications, the company enables seamless online software delivery, eliminating installation and maintenance needs. Operations extend worldwide, catering to various industries.

Identixweb Limited operates two subsidiaries:

• Munim ERP Private Limited (India) – Specializes in ERP solutions for accounting and GST compliance across industries.
• Identixweb LLC – Focused on Shopify solutions for global merchants.

Recognized for precision, innovation, and reliability, the company continues to enhance Shopify-powered businesses through custom-built applications. As on September 30, 2024 the Company has 57 employees on payroll. The Banker of the Company is RBL Bank Limited.

Industry Analysis

Industry Analysis – Information Technology (IT & BPM)

The IT & BPM sector is a key driver of India's economic growth, contributing 7.5% to the GDP in FY23, with projections to reach 10% by 2025. As digital innovation continues to transform industries, India stands at the forefront of a technological revolution, supported by affordable internet access for 76 crore citizens and a robust Digital India initiative.

India has emerged as one of the fastest adopters of digital technologies, benefiting from a blend of government initiatives, private sector investments, and innovative applications. The country climbed six places to secure the 40th rank in the 2022 Global Innovation Index (GII).

Market Growth & Investment Trends

• The Indian IT sector's revenue reached $227 billion in FY22, marking a 15.5% YoY growth, and was estimated at $245 billion in FY23.

• IT spending in India is projected to grow by 11.1% in 2024, reaching $138.6 billion from $124.7 billion in the previous year.

• The Indian software product industry is on track to hit $100 billion by 2025, with companies expanding their global footprint and delivery centers.

• The data annotation market, valued at $250 million in FY20, is expected to reach $7 billion by 2030, driven by AI-driven demand.

• India's IT sector is forecasted to surpass $350 billion by 2026, contributing 10% to GDP, according to Infomerics Ratings.

IT Export Performance

• IT export revenue grew by 9% in FY23, reaching $194 billion in constant currency terms.

• IT services exports contributed over 53% of total IT exports, while BPM and engineering R&D (ER&D) accounted for 22% and 25%, respectively.

• The industry added 2.9 lakh new jobs, increasing the workforce to 5.4 million in FY23.

Future Outlook

• India remains the leading global offshoring hub, with new opportunities emerging in AI, cloud computing, and digital services.

• Public cloud services market, valued at $3.8 billion in 1H2023, is projected to reach $17.8 billion by 2027.

• Cloud adoption is expected to create 14 million jobs and add $380 billion to India's GDP by 2026.

• India's digital workforce is anticipated to grow ninefold by 2025, per AWS projections.

• Service exports have the potential to hit $1 trillion by 2030, as highlighted by Commerce Minister Piyush Goyal.

India's IT industry continues to expand rapidly, fueled by technological advancements, strong government support, and increasing global demand for digital services.

Business Strengths

1. Skilled Professional Team & Strong Leadership – A highly experienced team of Developers, Designers, Digital Marketers, Support Staff, and Quality Assurance Experts, led by a strategic leadership team that drives sustained growth and success.

2. Tailored Shopify Solutions – Expertise in custom Shopify app development, delivering solutions that enhance store functionality, performance, and user experience to help merchants streamline operations.

3. Comprehensive Development Services – Offers Node.js, PHP, and React.js development, providing integrated solutions beyond Shopify to meet diverse client needs.

4. Client-Centric Approach – A strong focus on understanding business goals and challenges, ensuring customized solutions that drive growth and efficiency, fostering long-term relationships based on trust and transparency.

5. Innovation & Adaptability – Continuous research and development to stay ahead of industry trends and technological advancements, delivering cutting-edge solutions.

6. Quality & Reliability – Commitment to high standards of quality assurance and project management, ensuring solutions that are robust, secure, and scalable.

7. Support & Maintenance – Dedicated support team ensuring seamless operations, timely updates, and issue resolution for uninterrupted business functionality.

Business Strategies

1. Portfolio Expansion – Continuous enhancement of products and services through market research, customer feedback, and R&D, ensuring cutting-edge solutions that meet evolving industry demands.

2. Client Acquisition & Retention – Strengthening long-term customer relationships by understanding preferences, identifying emerging technologies, and expanding engagements to support clients across multiple touchpoints.

3. Customer Satisfaction – A customer-first approach, focusing on product quality, proactive feedback integration, and effective follow-ups to ensure high satisfaction and continuous improvement.

4. Geographical Expansion – Leveraging the existing business model to penetrate new markets while strengthening presence in current geographies. The wholly owned subsidiary, Identixweb LLC (Delaware, USA), enhances global reach and service capabilities.

Business Risk Factors and Concerns

1. Revenue Concentration Risk – 85.41% of total revenue comes from Shopify Inc. (FY 2023-24). Any negative development affecting Shopify could significantly impact financial performance and business operations.

2. Limited Customer Base – The top 10 customers contribute 99.18% to 100% of total revenue over recent years. Loss of any major client may severely impact revenue and profitability.

3. Product Development Risk – Planned product expansion under Identixweb Limited and Munim ERP Private Limited requires ₹851.59 Lakhs, majorly funded from net proceeds. Any delays in development or talent acquisition may affect financial stability.

Identixweb Limited faces significant risks due to high revenue dependency on a single client (Shopify Inc.), limited customer diversification, and potential delays in product development. Any adverse changes in these areas may impact financial stability and growth prospects.