Ivalue Infosolutions IPO is open; should you subscribe? Market Guru Anil Singhvi proposes this
Ivalue Infosolutions IPO: Ivalue Infosolutions’ Rs 56 billion The initial public offering (IPO) opened its subscription on September 18 and entered the final day of bidding on Monday, September 22. The total subscription to the issue ensures 98%according to temporary exchange of data.
The issue is entirely an offer to sell (OFS) 187 million shares, which means that no gain will be handed over to the company.
Should you subscribe to Ivalue Infosolutions IPO? This is what market guru Anil Singhvi believes
ZEE business executive editor Anil Singhvi suggested that from a long-term perspective, only high-risk investors can apply for this IPO.
Add Zee business as your preferred source
He highlighted the following points about Dalar Street Company:
Positive:
1) Strong business model: Ivalue Infosolutions’ business model focuses on enterprise digital transformation.
2) Cybersecurity Leader: The company specializes in cybersecurity and has established partnerships with more than 20 original equipment manufacturers (OEMs).
3) Positive cash flow: The company showed consistent growth in profitability.
4) Reasonable valuation: The valuation is considered reasonable.
Read more: IPO this week: Atlanta Electric, Jaro Institute, Epack Prefab, Solarworld to launch public quotes; 5 lists
Negative:
1) Reliance on OEM: Ivalue Infosolutions does not own products or services and relies on OEM.
2) Huge competition: The company faces significant competition in the technology solutions market.
3) Concentrated risk: A large part of the revenue comes from top partners.
4) Decline in ROE and ROCE: Over the past three years, the return on equity employed and the return on capital employed have declined.
Ivalue Infosolutions IPO: Subscription status details
By 11 a.m., the portion was reserved for Qualified Institutional Buyers (QIBS), and of the 3.747 million shares offered, it received a bid of 456,000 shares at a price of 4.556,000 shares.
The portions booked for non-institutional investors (NII) and retail investors were booked 67% and 99% respectively.
IVALUE INFOSOLITY IPO Details:
Price band: Rs 284 to Rs 299 per share, with a face value of Rs 2 per share
Issuance size: approximately Rs 560.29 crore.
Listing Date: September 25th Expectations on BSE and NSE
Batch size: Minimum bidding 50 shares (Rs 14,950)
Company information:
Ivalue Infosolutions is an enterprise technology solutions provider established in 2008. It is committed to ensuring and managing digital applications and data from large organizations through partnerships with system integrators and OEMs.
The company is headquartered in Bangalore.
