The Rs 17 crore SME IPO of Identixweb is set to open for subscription from March 26 to March 28. The company is offering 30.8 lakh shares under the fresh equity route, which will be listed on the BSE SME platform.
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Identixweb IPO price band
The shares are priced at Rs 51-54 each, and investors can apply in lots of 2,000 shares. The total issue is reserved 35% for retail investors, 15% for non-institutional investors and 50% reserved for institutional investors.
Check GMP of Identixweb
Identixweb GMP is currently zero in the unlisted market. Most of the SME IPOs this year faced NIL GMPs in the run up to the launch.
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IPO proceeds
The proceeds from the IPO will be utilized for investment in marketing to support organization’s growth plans in India or outside,
investment into market research and product development through talent hiring for the issuer company, investment in the subsidiary for product development through talent hiring, and general corporate purposes.
Key dates: Allotment and listing
The share allotment process will be finalized on April 1, and the shares are expected to list on April 3.
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About Identixweb
Identixweb Limited is a tech company started in 2017. It focuses on creating apps for Shopify and building custom websites. The company provides services like Shopify app development, web app development using PHP and React, and WordPress plugin development.
With a team of over 50 experts, Identixweb has built more than 35 Shopify apps and completed over 100 projects for industries like e-commerce, fashion, fintech, and SaaS.
Beeline Capital Advisors is the book-running lead manager of the IPO, while Skyline Financial Services is the registrar.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
