Identixweb Limited, a software-as-a-service (SaaS) solutions provider, debuted on the Bombay Stock Exchange (BSE) for Small and Medium Enterprises (SME) platform on Thursday, April 3, 2025.
The stock is listed at ₹55 per share, a premium of 1.85% or ₹1 above the issue price of ₹54 per share. Retail investors who bid for a minimum of 2,000 shares managed a listing gain of ₹2,000 per lot.
How does this impact those who apply for IPOs online?
The strong debut of Identixweb shares, listing with a nearly 2% premium, shows the benefits of applying for IPOs online. Online platforms make the process fast and easy. Investors gain access to fresh opportunities and potential early gains.
Real-time IPO updates keep investors informed and ready to act on promising stocks like Identixweb.
Identixweb IPO performance and investor interest
The Identixweb IPO received an enthusiastic response, with an overall subscription rate of 24.40 times. Non-institutional Investors (NIIs) led the demand, subscribing to their segment 54.68 times.
Retail investors followed closely, booking 14.38 times their allotted share, while Qualified Institutional Investors (QIBs) subscribed 11.19 times their allocated portion. The BSE SME issue was exclusively a fresh issuance of 30.80 lakh shares, raising ₹16.63 crore.
The price band for the IPO was set at ₹51 to ₹54 per share, and the lot size was 2,000 shares, requiring an investment of ₹1,08,000 at the cutoff price.
Identixweb's future prospects
As of 12:10 PM on April 3, 2025, the shares of Identixweb are up by 5%, at ₹57.75 per share on the BSE. The money raised from the IPO will be allocated to marketing, product development, and investment in its subsidiary, Munim ERP Private Limited, with a portion designated for corporate purposes.
Interested in future IPOs? Apply for IPOs online through your trading account to stay updated on upcoming opportunities and efficiently participate in offerings like Identixweb.
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