iValue Infosolutions IPO Day 1: Subscription Status, GMP, and Key Details

iValue Infosolutions IPO Day 1

So day one’s here—iValue Infosolutions just hit the markets, and, well, the air is busy but not feverish. The IPO opened to a decidedly “let’s see where this goes” mood. First impressions? The subscription numbers trickled in, not flooded. The issue managed a 12% subscription by midday, so let’s call it cautiously optimistic, but not a mad scramble at the counter. I've seen launch-days where investors are practically snatching bid forms from each other—today’s vibe is more like a Tuesday queue at the dosa cart: steady but no elbows flying.

There’s a fair bit of anchor interest though. iValue wrangled ₹168 crore from big-pocketed anchor investors before the gates opened to the rest—a sign some deep pockets think there’s more under the hood than the modest grey market premium (GMP) might hint at. I asked a colleague over chai whether he got any ‘FOMO’. He laughed, pulled up his app, and joked that the only thing he regrets missing out on today is his morning yoga. I relate.

Honestly, watching tech IPOs in India is like a community sport at this point. Everyone’s got a theory. Some say digital transformation stocks are still a long game, others point at last year’s listings and sigh. iValue’s story isn’t the wild ride, but it’s got pulsing potential beneath the surface. For the adventure junkies? Maybe not blockbuster enough. For steady climbers? Could be a quiet win.

iValue Infosolutions Subscription Status

Was the IPO a blockbuster hit in the first few hours? Nope, but it wasn’t ignored either. Midday stats show 12% overall subscription: retail folks have clicked through at a lively 21%, while non-institutional investors hovered around 6%. The institutional crowd is, let's say, reserving the front-row seats, waiting for cues later in the show.

Here’s the quick and informal breakdown:

• Retail: 21% subscribed (Those WhatsApp groups started buzzing early, I can confirm.)
• Non-Institutional: 6% (The more reserved relatives of the IPO family.)
• QIBs (Qualified Institutional Buyers): Less than double-digits, still pondering like those neighbors who watch you try a new gym class before signing up.

iValue Infosolutions IPO Details

The IPO, all set for an offer-for-sale (OFS) of ₹560.29 crore, gets split up among the outgoing shareholders. That means—not a rupee of fresh capital to the company itself. If you love the inside baseball, here are the nuts and bolts:

• Issue Size: ₹560.29 crore (All OFS, all the time).
• Price Band: ₹284 – ₹299 per share. If you’re like me and compulsively calculate the per-lot outlay at every tea break: 50 shares per lot, minimum investment lands just shy of ₹15,000. (Just enough to make you check your vacation fund before bidding.)
• Dates: Bidding till September 22. Allotment guessing game on September 23. Listing expected on September 25 (BSE, NSE).
• Promoters and investors cashing out: Sunil Kumar Pillai & co, along with Sundara (Mauritius) Ltd., are among those unloading shares. Creador’s story is a fun subplot—they snagged equity in 2019 for $18 million and now are offloading. Talk about patience.
• No proceeds to iValue directly, since it’s all OFS—just a reshuffling of hands.

On the business side, iValue’s niche is digital applications, security, and cloud integration for big-name clients across banks, governments, and enterprises. Their partners list reads like a tech conference final panel: Google Cloud, Splunk, Nutanix, Check Point, and so on. Revenue touched ₹923 crore last FY, profit after tax hit ₹85.3 crore. But attrition’s pretty high—a reminder that not every shiny tech IPO glides smoothly on every front.