Identixweb share price: Stock lists at nearly 2% premium on BSE SME

The stock is listed at ₹55 apiece, reflecting an increase of 1.85% or ₹1 over the issue price of ₹54 per share.

As the minimum bid size for retail investors was 2,000 shares, successful bidders managed listing gains of ₹2,000 per lot.

The Identixweb IPO gained strong traction from investors during the three-day bidding period. The BSE SME issue was subscribed 24.40 times.

Non-institutional investors (NIIs) led the demand by subscribing to their portion 54.68 times. The retail investors booked their quota 14.38 times, while the qualified institutional investors, or QIBs part was subscribed 11.19 times.

The book-built issue was exclusively a fresh issuance of 30.80 lakh shares aggregating to ₹16.63 crore. The price band was set at ₹51 to ₹54 per share. The lot size was 2,000 shares, needing an investment of ₹1,08,000 at the cutoff price.

The funds raised will be used for marketing, market research, and product development, and invest in subsidiary Munim ERP Pvt Ltd for product development via talent hiring. A portion will also be utilised for general corporate purposes.

Information technology company Identixweb is engaged in providing software as a service or SaaS-based digital product solutions. Its offering includes e-commerce store development, customised software development, UI/UX Design, web app development, and website development as well as support and maintenance with a key focus on Shopify application development. Led by experienced promoters, the company operates globally with a subsidiary focused on ERP solutions.

Identixweb financials

For the first six-month period of the fiscal year 2024-25, the company reported a profit after tax of ₹1.97 crore. The revenue from operations for 6M FY25 was ₹4.18 crore.

The net profit stood at ₹2.83 crore in FY24, compared to ₹1.37 crore in FY23. Its revenue in the financial year 2023-24 was ₹6.32 crore, as against ₹6.22 crore in FY23.