Ivalue Infosolutions IPO

About iValue InfoSolutions IPO

iValue InfoSolutions Limited IPO consists of an offer for sale component. The offer for sale portion includes up to 18,738,958 Equity Shares of face value of ₹ 2 each aggregating up to ₹₹560.29 crores.

The IPO opens on September 18, 2025 and closes on September 22, 2025. The shares will be allotted on Tue, Sep 23, 2025. The credit of shares to the demat account will take place on Wed, Sep 24, 2025 and the initiation of refunds will take place on Wed, Sep 24, 2025. The tentative listing date is Sep 25, 2025.

Objective of iValue InfoSolutions IPO

• Achieve the benefits of listing the Equity Shares on the Stock Exchanges
  
• Carry out the Offer for Sale of up to 18,738,958 Equity Shares of face value of ₹2 each by the Selling Shareholders.
  
• The company expects that the proposed listing of its Equity Shares will enhance their visibility and brand image as well as provide a public market for the Equity Shares in India. The company will not receive any proceeds from the Offer.
  

Industry Outlook

Digital transformation projects across industries will continue to accelerate, as businesses focus on agility and innovation to adapt to changing market dynamics.

IT spending in India is anticipated to experience a strong growth, growing at a CAGR of 8.2% from 2025 to 2030, recording over US$ 41900 crores by 2030. This is primarily supported by the Government initiatives and the presence of large tech giants, leading to rising investments in this sector. The Government initiatives may attract more foreign investments, encourage local entrepreneurship and foster innovation in various IT segments. As a result, a greater demand for IT services and products is anticipated, leading to both domestic and international markets growth. This positive feedback loop will strengthen India's status as a global IT powerhouse, supporting economic growth.

The total addressable market (TAM) for cybersecurity, information lifecycle management, data center infrastructure, application lifecycle management and professional and managed services is experiencing robust growth globally and in India. Globally, the total TAM for these markets is anticipated to grow from approximately USD 107600 crores in 2024 to USD 338000 crores by 2030, with a CAGR of 21.0% during this period. In India, the total TAM of these markets is also on the rise, growing at a faster rate, with a CAGR of 23.1% from 2024 to 2030. Total TAM is anticipated to grow from USD 2270 crores in 2024 to USD 7890 crores by 2030. This is primarily driven by strong government initiatives and businesses’ commitment to enhance digitalization and cybersecurity measures. (Source: F&S Report)

Company Information

Positioned as a vital link in the technology solutions ecosystem, the company enables OEMs (who research, develop and produce technology solution goods and services) to reach their target customers (primarily comprising enterprises) by partnering with System Integrators (who engage with such customers for solving their technology integration requirements). To this end, they typically work with System Integrators to understand enterprise customers’ business and technical requirements, curate customised solutions (including multi-OEM stacks, where solutions from multiple OEMs interact with each other), and assist in procurement and deployment of the required technology solutions by partnering with OEMs, across cybersecurity, information lifecycle management, data centre infrastructure, application lifecycle management, hybrid cloud solutions and other domains.

iValue InfoSolutions Limited is an enterprise technology solutions specialist based out of India, offering comprehensive, purpose-built solutions for securing and managing digital applications and data.

Strengths of iValue InfoSolutions IPO

• Uniquely positioned in the large and fast-growing technology solutions and associated services market in India and other neighbouring economies.
  
• Comprehensive multi-OEM solutions and services portfolio, making them the preferred strategic technology advisor for enterprise technology requirements.
  
• Partner of choice for OEMs in India, with strong and expanding OEM relationships across focus areas.
  
• Experienced leadership team, supported by skilled workforce and in-house training and recruitment program.
  
• Strong and consistent financial track record of profitable growth.
  
• Large, expanding and diversified System Integrator network, with high retention ratio and repeat business.
  

Risks of iValue InfoSolutions IPO

• Dependency on OEMs that are global technology brands, for their offerings.
  
• The company is exposed to credit risk and may be exposed to delays and/or defaults in payments by such System Integrators.
  
• They don’t have long term commitments and enter into non-exclusive agreements with OEMs and SIs.
  
• They curate and provide solutions and offerings that address enterprises’ needs. They do not manufacture or develop any of the products used in their offerings.
  
• They face significant and competitive pressure from resellers and VADs.
  
• Their business is dependent on their ability to attract and retain skilled IT professionals in order to identify and curate technology solutions.
  
• They rely on the performance of their information technology systems.
  

Notes:
(i) All the financial information for listed industry peer mentioned above is on a consolidated basis (unless otherwise available only on standalone basis) and is sourced from the annual reports as available of the respective company for the relevant year ended. For Exclusive Networks SA the relevant year ended is December 31, 2023, as the company is no longer listed past this relevant financial period. For Multi Chem Limited the relevant year ended is December 31, 2024.

(ii) P/E Ratio for the peer company has been computed based on the closing market price of the equity shares as on September 8, 2025, divided by the Diluted EPS for the year ended December 31, 2024.

(iii) Return on Net Worth (%) = Restated net profit after tax attributable to the shareholders / owners of the company for the year ended March 31, 2025 / Net Worth attributable to the shareholders / owners of the company at the end of the year. Return on net worth (%) for the peer company is calculated as profit attributable to owners of the company / total equity attributable to the owners of the company as at December 31, 2024, on a consolidated basis

(iv) Net Asset Value per equity share represents net worth attributable to equity holders of holding company as at the end of the financial year, as restated, divided by the weighted average number of equity shares (including mandatorily convertible preference shares classified as equity) outstanding at the end of the Financial Year after considering the adjustment of share split and bonus issued subsequent to Financial Year end.

(v) NAV for the peer represents the total equity attributable to the owners of the company as at December 31, 2024, on a consolidated basis divided by the total outstanding number of equity shares as on the year end.

(vi) Total income for the peer includes revenue for the year ended December 31, 2024 and interest income and other income for the same period on a consolidated basis.

(vii) * The numbers for Exclusive Networks SA are not available for the period ending 31-Dec-2024 as the company is no longer a public listed entity

(viii) ^ The numbers for Multi Chem Limited are reported in SGD and the same has been converted to INR as per the INR / SGD spot rate as on 08-Sep-2025 being ₹ 68.5511, sourced from www.oanda.com

Financial data for the year ended December 31, 2024, for listed peers Exclusive Networks SA and Multi Chem Limited; (1) The numbers for Exclusive Networks SA are not available for the period ending 31-Dec-2024 as the company is no longer a public listed entity (2) Data for listed global peer has been converted to INR at I SGD = ₹ 62.9335, being the exchange rate as on December 31, 2024 Source: www.oanda.com

Anchor Investor Information

The Anchor Investor Bidding Date is Wednesday, September 17, 2025

IPO Registrar and Book Running Lead Managers

Book running lead managers:
IIFL Securities Limited
Motilal Oswal Investment Advisors Limited

Registrar for the IPO is KFin Technologies Limited

Business Model

The company earns its revenue through primarily serving large enterprises in their digital transformation journey by understanding their needs and working with System Integrators and OEMs to identify, recommend and deploy solutions meeting their requirements, aimed at ensuring performance, availability, scalability and security of digital applications and data.

Company Growth Trajectory

As of 31 March FY2025, the company’s total income was ₹942.350 crores, compared to ₹795.180 crores in FY2024. The company’s Profit After Tax was ₹85.300 crores in FY2025 compared to ₹70.570 crores in FY2024. Their EBITDA was ₹129.128 crores in FY2025 compared to ₹111.061 crores in FY2024.

Company Market Position

As per F&S, iValue InfoSolutions Limited is one of the fastest growing technology services and solutions integrator in India.

They have offices across eight locations in India, including their registered and corporate office in Bangalore, India. Additionally, they are also present in six international locations, namely Singapore, Bangladesh, Sri Lanka, UAE, Cambodia and Kenya. Through their team in Bangladesh, which is headquartered in Singapore, they also cater to Bhutan and Nepal markets. They have been able to leverage their India business to also expand into the above geographies, with a network of 57 OEMs, who distribute their products and offerings in identified geographies as of March 31, 2025. They leveraged their network of 116 and 133 System Integrators, to serve 207 and 322 enterprise customers in these geographies in Fiscal 2023, 2024 and Fiscal 2025.

As of 31 March 2025, the company’s total income, profit after tax, and EBITDA stood at ₹942.350 crores, ₹85.300 crores, and ₹129.128 crores, respectively.

How to check allotment status of iValue InfoSolutions IPO?

1. Visit the Registrar's Website

To check the IPO allotment status for iValue InfoSolutions Limited, visit the official website of KFinTechnologies Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.

On the BSE IPO page, follow these steps

• Select 'Equity' from the dropdown menu
  
• Choose iValue InfoSolutions Limited in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search'
  

Your iValue InfoSolutions Limited allotment status will be displayed.

3. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check iValue InfoSolutions Limited allotment status.

Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Application number
  
• PAN
  

Then click 'Submit'. Your iValue InfoSolutions Limited bid and allotment details will be displayed.

How to apply for iValue InfoSolutions Limited?

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.