News

iValue Infosolutions listing: iValue Infosolutions shares entered the listed space on Thursday at nearly 5 per cent discount to the issue price. The stock opened for trade at Rs 284.95 on NSE and Rs 285 on BSE, at a discount of 4.70 per cent and 4.68 per cent on the issue price, respectively.

Earlier on Thursday, Zee Business Managing Editor Anil Singhvi had predicted a flat listing for the stock near or even below the issue price of Rs 299.

The issue got a very weak response and was subscribed only 1.8 times.

Add Zee Business as a Preferred Source

He suggests investors keep a suitable stop loss below the IPO price as per their risk appetite.

: Navratna SIP Pick: Anil Singhvi recommends Ventive Hospitality; buy on 10% dips with potential upside upto 94%

The Rs 560-crore initial public offering (IPO) opened for subscription from September 18 to September 22. The issue secured a total subscription of 1.82 times, with bids for 2.38 crore shares against the 1.31 crore shares on offer, according to provisional exchange data.

The issue was entirely an offer for sale (OFS) of 1.87 crore equity shares, meaning that none of the proceeds will go to the company.

Price band: Rs 284 to Rs 299 per equity share with a face value of Rs 2 per share

Issue size: Approximately Rs 560.29 crore through OFS

Lot size: Minimum bid of 50 shares (Rs 14,950 amount)

iValue Infosolutions is an enterprise technology solutions provider founded in 2008. Headquartered in Bengaluru, the company focuses on securing and managing digital applications and data for large organisations through partnerships with system integrators and original equipment manufacturers.

The company recorded revenue of Rs 942.35 crore in FY25, up from Rs 795.18 crore in FY24, and the Profit After Tax (PAT) stood at Rs 85.30 crore in FY25, up from Rs 70.57 crore in FY24

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

Currently working as a trainee Sub-Editor at Zee Business, Shristi Rani is passionate about storytelling and delivering content that engages diverse audiences across digital platforms.

...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.