Mumbai: iValue Infosolutions, a Bengaluru-based technology solutions integrator, is all set to go public with an IPO slated to open on September 18. The company, backed by private equity firm Creador, is offering 1.87 crore shares held by the promoters through an Offer For Sale (OFS) issue.
The IPO will close on Monday, September 22, according to its Draft Red Herring Prospectus (DHRP). The promoters, including the chairman Sunil Kumar Pillai and executive director Krishna Raj Sharma, along with ten other promoter group members, are collectively selling their shares in this IPO. Along with this, Sundara (Mauritius) Ltd, an affiliate of Creador, is also selling 1.10 crore shares in the issue.
The price band has been fixed at Rs.284-299 per Rs.2 share, with the minimum lot size being 50 shares and multiples of that. Half of the issue is reserved for Qualified Institutional Buyers (QIBs), 35% is for retail investors and the rest is for non institutional investors.
Established in 2008, the company reported gross sales of Rs.2,439 crore and revenue from operations of Rs.922 crore across its various verticals- information lifecycle management, cybersecurity, data center infrastructure, and hybrid cloud solutions for companies looking to migrate their digital infrastructure.
From its headquarters in Bengaluru, the company has expanded its presence across the Middle East, South East Asia, along with Bangladesh and Sri Lanka, working with Original Equipment Manufacturers (OEMs) like Google Cloud, Tenable, Imperva, Arista and Forcepoint. It offers tailored solutions aimed to identify, recommend and deploy cutting-edge solutions to boost performance, scalability and data security for firms.
The company reported revenues of Rs.942.35 crore in FY25, rising 19% from Rs.795.18 crore in FY24.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.
