Bookbuilding IPO | ₹17 Cr | Listed at BSE SME | Wed, Mar 26, 2025 - Fri, Mar 28, 2025
Identixweb IPO is a book build issue of ₹16.63 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹16.63 crore.
Identixweb IPO bidding started from Mar 26, 2025 and ended on Mar 28, 2025. The allotment for Identixweb IPO was finalized on Apr 1, 2025. The shares got listed on BSE SME on Apr 3, 2025.
Identixweb IPO price band is set at ₹54 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,08,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,16,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Identixweb IPO RHP for detailed Information.
IPO Open
Wed, Mar 26, 2025
IPO Close
Fri, Mar 28, 2025
Issue Price
₹54 per share
Market Cap (Pre-IPO)
₹56.38 Cr
| IPO Date | 26 to 28 Mar, 2025 |
| Listed on | Thu, Apr 3, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 30,80,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 1,54,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹0.8316 Cr) |
| Fresh Issue (Ex Market Maker) | 29,26,000 shares (agg. up to ₹16 Cr) |
| Net Offered to Public | 29,26,000 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 73,61,550 shares |
| Share Holding Post Issue | 1,04,41,550 shares |
| BSE Script Code | 544388 |
| ISIN | INE0PA401012 |
Identixweb IPO comprises a total issue size of 30,80,000 shares. The net offer to the public is 29,26,000 shares, after excluding 1,54,000 shares allotted on a firm basis. Of the Net offer 14,60,000 (49.90%) are allocated to QIB, 4,40,000 (15.04%) allocated to NII 10,26,000 (35.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 14,60,000 | 49.90% | 47.40% |
| − Anchor Investor Shares Offered | 8,76,000 | 28.44% | |
| − QIB (Ex. Anchor) Shares Offered | 5,84,000 | 18.96% | |
| NII (HNI) Shares Offered | 4,40,000 | 15.04% | 14.29% |
| Retail Shares Offered | 10,26,000 | 35.06% | 33.31% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,54,000 | 5.00% | |
| Total Shares Offered | 30,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,08,000 |
| Retail (Max) | 1 | 2,000 | ₹1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹2,16,000 |
Identixweb IPO raises ₹4.73 crore from anchor investors. Identixweb IPO Anchor bid date is March 25, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 25, 2025 |
| Shares Offered | 8,76,000 |
| Anchor Portion (₹ Cr.) | 4.73 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, May 1, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jul 3, 2025 |
Incorporated in 2017, Identixweb Limited is a technology company specializing in Shopify app development and custom web solutions.
The company offers services including Shopify app development, web app development using PHP and React, and WordPress plugin development.
With over 50 professionals, Identixweb has developed more than 35 public Shopify apps and completed over 100 projects, serving various industries such as e-commerce, fashion, fintech, and SaaS.
Services:
Products Portfolio:
As of February 28, 2025, the company has a total of 64 Employees.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 14.57 | 11.96 | 6.13 |
| Total Income | 4.79 | 6.66 | 6.27 |
| Profit After Tax | 2.00 | 2.77 | 1.35 |
| NET Worth | 12.30 | 10.29 | 4.67 |
| Reserves and Surplus | 4.94 | 2.93 | 4.59 |
| Total Borrowing | 0.11 | 0.11 | 0.46 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in marketing to support organization’s growth plans in India or Outside India | 2.50 |
| 2 | Investment into market research and product development through Talent Hiring for the issuer company | 4.20 |
| 3 | Investment in the Subsidiary for Product Development through Talent Hiring | 4.16 |
| 4 | General Corporate Purposes | 3.96 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 37.70% |
| ROCE | 57.25% |
| RoNW | 27.39% |
| PAT Margin | 44.86% |
| Price to Book Value | 3.84 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.76 | 3.84 |
| P/E (x) | 14.36 | 14.07 |
| Promoter Holding | 89.34% | 63.02% |
| Market Cap | ₹56.38 Cr. |
The Identixweb IPO is subscribed 26.15 times on March 28, 2025 6:19:32 PM (Day 3). The public issue subscribed 14.38 times in the retail category, 11.19 times in the QIB category, and 73.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 11.19 | 5,84,000 | 65,36,000 | 0 |
| NII* | 73.46 | 4,40,000 | 3,23,22,000 | 0 |
| Retail | 14.38 | 10,26,000 | 1,47,56,000 | 0 |
| Total | 26.15 | 20,50,000 | 5,36,14,000 | 9,863 |
Total Application : 9,863
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.30 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.08 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.06 |
| 6 | Fees payable to Peer Review Auditor | 0.02 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.12 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 1.19 |
| 9 | Escrow Bank Fees | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹55.00 |
| Low | ₹55.00 |
| High | ₹57.75 |
| Last Trade | ₹57.75 |
Lead Manager Reports
Identixweb IPO is a SME IPO of 30,80,000 equity shares of the face value of ₹10 aggregating up to ₹17 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Mar 26, 2025, and closes on Fri, Mar 28, 2025.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Identixweb IPO using UPI as a payment gateway. Zerodha customers can apply in Identixweb IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Identixweb IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Identixweb IPO opens on Wed, Mar 26, 2025 and closes on Fri, Mar 28, 2025.
Identixweb IPO lot size is 2000, and the minimum amount required for application is ₹1,08,000.
You can apply in Identixweb IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Identixweb IPO will be done on Tuesday, April 1, 2025, and the allotted shares will be credited to your demat account by Wed, Apr 2, 2025. Check the Identixweb IPO allotment status.
The Identixweb IPO listing date is on Thu, Apr 3, 2025.
