Ivalue Infosolutions’ stock list is close to 5% off with issue price discount, meeting Market Guru Anil Singhvi’s expectations
IVALUE IN INFOLASESERTY List: Ivalue Infosolutions shares entered the listed space Thursday at a nearly 5% discount. The stock opened at Rs 284.95 with NSE’s trade and BSE opened at Rs 285 with discounts of 4.70% and 4.68% respectively.
List of expectations that meet Market Guru Anil Singhvi:
Earlier on Thursday, ZEE business executive editor Anil Singhvi predicted that the stock’s share price was close and even below Rs 299. The response to the issue was very weak, with only 1.8 subscriptions.
He advised investors must follow their risk appetite to reduce the appropriate stop loss below the IPO price.
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IVALUE INFOSOLITY IPO Highlights:
According to the data on the temporary exchange of data, the total subscription for the issue is Rs 5,600 crore initial public offering (IPO) for subscriptions from September 18 to September 22. According to temporary exchange data, the issue’s total subscriptions were 1.82, with a bid price of 238 million shares.
The issue is entirely an offer to sell 1.87 million shares of the (OFS) equity, which means that the proceeds will not be handed over to the company.
IVALUE INFOSOLITY IPO Details:
Price band: Rs 284 to Rs 299, par value per share
Problem size: About 560.29 crore rupees.
batch: Minimum bidding is 50 shares (Rs 14,950)
Company information:
Ivalue Infosolutions is an enterprise technology solutions provider founded in 2008. Based in Bangalore, the company focuses on ensuring and managing digital applications and data in large organizations through partnerships with system integrators and OEMs.
