Identixweb IPO: A Comprehensive Guide for Investors
The Initial Public Offering (IPO) of Identixweb Limited is generating significant buzz in the investment community. This guide provides a detailed overview of the IPO, helping potential investors make informed decisions.
Disclaimer: Investing in IPOs involves risk. This is not financial advice. Conduct thorough research and consult with a financial advisor before investing.
What Does Identixweb Limited Do?
Identixweb Limited, established in 2017, specializes in Shopify app development and custom web solutions. They offer a range of services, including:
- Shopify Application Development
- Web Application Development (PHP and React)
- WordPress Plugin Development
- Node.js Development
Their products portfolio includes Stellar Delivery Date & Pickup, iCart Cart Drawer Cart Upsell, TablePress - Data Tables, and WordPress Plugin. As of February 28, 2025, the company has 64 employees.
Identixweb IPO Details
Here's a quick overview of the Identixweb IPO:
- IPO Size: Rs 16.63 crores (30.80 lakh shares)
- Issue Type: Book Built Issue IPO
- Face Value: ₹10 per share
- Price Band: ₹51 to ₹54 per share
- Lot Size: 2,000 Shares
- Listing At: BSE SME
IPO Timeline
Here’s a tentative schedule for the IPO process:
| Event | Date |
|---|---|
| IPO Open Date | March 26, 2025 |
| IPO Close Date | March 28, 2025 |
| Tentative Allotment | April 1, 2025 |
| Initiation of Refunds | April 2, 2025 |
| Credit of Shares to Demat | April 2, 2025 |
| Tentative Listing Date | April 3, 2025 |
Lot Size and Investment
Investors can bid for a minimum of 2000 shares and in multiples thereof.
| Investor Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | 1,08,000 |
| Retail (Max) | 1 | 2000 | 1,08,000 |
| HNI (Min) | 2 | 4,000 | 2,16,000 |
IPO Subscription Details
The IPO is divided into categories with specific allocations:
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII (HNI) | Not less than 15% of the Net Issue |
Anchor Investors
Identixweb IPO raised Rs 4.73 crore from anchor investors on March 25, 2025, offering 8,76,000 shares.
| Detail | Information |
|---|---|
| Bid Date | March 25, 2025 |
| Shares Offered | 8,76,000 |
| Anchor Portion Size | Rs 4.73 Cr |
| Anchor lock-in period end date for 50% shares | May 1, 2025 |
| Anchor lock-in period end date for remaining shares | June 30, 2025 |
Company Financials (₹ Crore)
Here’s a snapshot of Identixweb Limited's financials:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 14.57 | 11.96 | 6.13 |
| Revenue | 4.79 | 6.66 | 6.27 |
| Profit After Tax | 2.77 | 1.35 | 2 |
| Net Worth | 12.3 | 10.29 | 4.67 |
Key Performance Indicators (KPI)
Key metrics for evaluating the IPO:
| KPI | Value |
|---|---|
| ROE | 37.70% |
| ROCE | 57.25% |
| RoNW | 27.39% |
| PAT Margin | 44.86 |
| Price to Book Value | 3.84 |
Pre and Post IPO EPS & P/E
Comparison of earnings per share (EPS) and price-to-earnings (P/E) ratio before and after the IPO:
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (Rs) | 3.76 | 3.84 |
| P/E (x) | 14.36 | 14.07 |
* The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 * The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue
The company plans to utilize the net proceeds from the IPO for:
- Investment in marketing to support organization’s growth plans in India or Outside India
- Investment into market research and product development through Talent Hiring
- Investment in the Subsidiary for Product Development through Talent Hiring
- General Corporate Purposes
Promoter Holding
The promoters of the company are Mr. Priyankkumar Jivarajbhai Savani, Mr. Ankur Jagdishbhai Lakhani & Mrs. Hiral Ankurbhai Lakhani.
| Detail | Percentage |
|---|---|
| Share Holding Pre Issue | 89.34% |
| Share Holding Post Issue | 63.02% |
Company Information
- Contact Details:
- Identixweb Limited
- Plot No. 240, C. S. No. 1730,
- 1st Floor, Nehru Nagar, L. H. Road,
- Sy. No. 46/A+2, TPS-4, Surat – 395006
- Phone: +91 9510888111
- Email: compliance@identixweb.com
- Website: www.identixweb.com
IPO Registrar
- Registrar: Skyline Financial Services Private Ltd
- Phone: 02228511022
- Email: ipo@skylinerta.com
- Website: https://www.skylinerta.com/ipo.php
Conclusion
The Identixweb IPO presents an opportunity for investors interested in the technology sector. This guide offers a detailed overview to assist in making an informed decision. It's advisable to analyze the company's prospects and consult with financial advisors before investing.