iValue Infosolutions IPO Witnesses Strong Demand as Bidding Nears Conclusion
iValue Infosolutions Ltd's IPO was 89% subscribed by the second day, with QIBs leading demand. The Rs 560 crore all-offer-for-sale IPO ends on September 22, priced between Rs 284 to Rs 299 per share. iValue, specializing in enterprise technology solutions, is anchored by Creador with book managers IIFL and Motilal Oswal.
- Country:
- India
The initial public offering of iValue Infosolutions Ltd received strong demand, achieving an 89% subscription rate by the second day of bidding.
Institutional investors showed significant interest, with a 1.22 times subscription of their quota, while retail investors accounted for 85% subscription and non-institutional investors for 55%.
Backed by Creador, iValue's Rs 560 crore public offering, priced at Rs 284 to Rs 299 per share, will close on September 22. The IPO, a complete offer-for-sale, involves offloading 1.87 crore equity shares and all proceeds going to selling shareholders.
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