iValue Infosolutions IPO opens September 18: 10 key things to know from RHP

iValue Infosolutions IPO will open for public subscription on Thursday, September 18. The mainboard issue will close on September 22. The company has fixed a price band of ₹284 to ₹299 per share for the ₹560.29 crore offer.

At the upper end of the price band, the firm is valued at around ₹1,600 crore.

iValue Infosolutions IPO: 10 key things to know from RHP

1. iValue Infosolutions IPO subscription period: The initial share stake will be open for bidding from Thursday, September 18, to Monday, September 22.
2. IPO offer structure: The issue is purely an offer for sale of 1.87 crore shares valued at ₹560.29 crore.
3. iValue Infosolutions IPO price band: The price range has been set at ₹284 to ₹299 per equity share.
4. iValue Infosolutions IPO lot size: An application consists of 50 shares and in multiples thereafter.
5. Reservation: The company has kept aside 50% of the net offer for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors.
6. Objectives: Those selling shares under the OFS route are Sunil Kumar Pillai, Krishna Raj Sharma, Venkatesh R, Srinivasan Sriram, Sundara (Mauritius) Limited, Subodh Anchan, Hilda Sunil Pillai, Roy Abraham Yohannan, L Nagabushana Reddy, Brijesh Shrivastava, Ravindra Kumar Sankhla, Ran Vijay Pratap Singh and Venkata Naga Swaroop Muvvala. As there is no fresh issue component, the company will not get any IPO proceeds.
7. Book-running lead manager and registrar: IIFL Capital Services Limited and Motilal Oswal Investment Advisors Limited are the book-running lead managers to the issue, while KFin Technologies is the registrar.
8. iValue Infosolutions IPO allotment date: The basis of allotment is likely to be finalised on September 23.
9. Listing date: The listing on the BSE and the NSE will occur on September 25.
10. Promoter holding: The company's promoters, Sunil Kumar Pillai, Krishna Raj Sharma and Srinivasan Sriram, hold a 39.92% stake, which will be reduced to 32.73% post-issue.

iValue Infosolutions Ltd is an enterprise technology solutions specialist. It offers comprehensive, purpose-built solutions for securing as well as managing digital applications and data.

It generally serves large enterprises by working with system integrators and original equipment manufacturers (OEMs) to identify, recommend, and deploy solutions that warrant the performance, scalability, availability, and security of applications and data.