Identixweb IPO Overview Identixweb is an IT firm offering Software as a Service (SaaS) solutions, specializing in e-commerce store development, web app development, UI/UX design, website development, custom software development, and maintenance services. The company focuses primarily on Shopify application development and has built a solid reputation in this niche field. With an impressive portfolio of digital product solutions, Identixweb has become a recognized name in the industry, catering to a variety of businesses looking to improve their digital presence.

The Identixweb IPO is a Book Built Issue aiming to raise ₹16.63 Crores. This IPO will consist entirely of a fresh issue, offering 30.80 lakh shares. The subscription period for the IPO opens on March 26, 2025, and will close on March 28, 2025. The allotment is expected to be finalized by April 01, 2025, and the listing on the BSE SME is scheduled for April 03, 2025.

Identixweb IPO Price Band and Market Capitalization The price band for the IPO is set between ₹51 to ₹54 per equity share. At the upper end of the price band, the market capitalization of Identixweb will be ₹56.38 Crores. The lot size is 2,000 shares, with retail investors required to invest a minimum of ₹1,08,000 for one lot, and high-net-worth individuals (HNIs) needing to invest a minimum of ₹2,16,000 for two lots.

IPO Subscription Status and Allotment As of 10:30 AM on March 28, 2025, the Identixweb IPO has been subscribed 0.55 times on its final day of the subscription period. The final allotment status will be available on the Registrar’s website starting April 1, 2025. To check the allotment status, investors can follow these simple steps:

1. Visit the IPO allotment status page.

2. Select Identixweb Limited IPO from the dropdown menu.

3. Enter the application number, PAN, or DP Client ID.

4. Submit the details to view your allotment status.

Objectives of the IPO The primary objectives of the Identixweb IPO are:

• ₹250 Lakhs for investment in marketing to support the company's growth plans both in India and internationally.

• ₹420 Lakhs for investment in market research and product development through talent acquisition.

• ₹415.80 Lakhs for investment into the company’s subsidiary, Munim ERP Private Limited, for product development.

• General corporate purposes.

Financial Performance Review Identixweb’s financial performance shows steady growth over the years. The company’s revenue for FY24 was ₹626.57 Lakh, with an EBITDA of ₹219.55 Lakh. The profit after tax (PAT) for FY24 was ₹134.67 Lakh, showing consistent improvement. The P/E ratio is 14.36x pre-issue and 20.37x post-issue, which suggests the IPO is fully priced.

Grey Market Premium (GMP) The Grey Market Premium (GMP) of the Identixweb IPO is reported to be ₹0, indicating no expected listing gains at this stage. As GMP is highly dependent on demand and supply in the unorganized grey market, it should be used for educational purposes only.

Anchor Investor Report Identixweb has raised ₹4.73 Crores from anchor investors at a price of ₹54 per share. This reflects confidence in the company’s growth potential, although it remains to be seen how the public subscription will unfold.

Identixweb IPO Review Given the financial metrics, P/E ratios, and GMP trend, we suggest that Investors avoid the Identixweb IPO if they are seeking listing gains or long-term investment. While the company shows steady growth, the valuation at the IPO price may limit potential returns. As a result, cautious investors might look for other opportunities with better prospects.

The Current active IPO are Aten Papers & Foam Limited, Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited,Identixweb Limited.

The Closed IPOs are  ATC Energies System Limited, Shri Ahimsa Naturals Limited, Desco Infratech Limited

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