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iValue Infosolutions IPO day 1: GMP, subscription status, other details. Apply or not?


Category                                     Subscription till ~mid-day / early hours
Overall ~ 0.12× (12%) (Moneycontrol)
Retail Individual Investors                                             ~ 0.21× (21%) (Moneycontrol)
Non-Institutional Investors (NIIs)  ~ 0.06× (6%) (Moneycontrol)

So far, subscription is modest. Retail interest is stronger relative to NIIs but still far from full subscription.

Financials & Business Highlights

Risks / Things to Watch

  • It is a pure OFS — no fresh capital; the company is not raising funds to grow operations, so listing gains may be the primary investor interest. The Economic Times+1

  • Top OEM/partner concentration: a few big partners contribute a large portion of revenue. If relationships weaken or shift, risk increases. India Today

  • Market sentiment plays a large role when subscription is sluggish. GMP suggests expectations, but actual subscription is low, which indicates cautious or lukewarm investor interest.

  • Competitive pressures: enterprise IT is crowded, plus risk of OEMs bypassing distributors. Staff attrition high. India Today

Verdict: Apply or Not?

Here are pros & cons to help you decide:

  • Why you might subscribe:

    • GMP indicates there is some expected listing gain (~7-8%).

    • Decent financial performance; consistent growth, good profitability and RoE.

    • Strong OEM and system integrator ecosystem; exposure to growing areas (cloud, cyber security, etc.).

    • If you are okay with moderate risk and want exposure to IT distribution / solutions space.

  • Why you might wait or avoid:

    • Subscription is weak so far; Indian IPOs sometimes underperform if demand is low despite GMP.

    • Since it is an OFS, the company’s growth story won’t be directly funded by IPO proceeds; upside may be limited.

    • Risk of overvaluation, especially if the listing does not match expectations or if general market declines.

    • Better use of capital may be possible in more promising IPOs or more strongly subscribed issues.

If you were asking me: for a retail investor with moderate risk appetite, this IPO looks reasonable to subscribe at or near the upper price band, provided you believe in the company’s enterprise IT business and that listing gains matter more than long-term growth (since growth capital is not part of this IPO). But don’t expect huge windfalls, and don’t invest more than you can afford to hold or lose value in.

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Location: India

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