Identixweb Limited IPO Allotment Status: Check Latest GMP, Steps to Verify Status

The bidding for Identixweb Limited IPO started on March 26, 2025, and concluded on March 28, 2025. The basis of allotment will be finalised today, April 1, 2025. Know the procedure to check the allotment status on BSE’s website. 

Steps to Check Identixweb IPO Allotment Status on BSE 

Here is the process to check Identixweb Limited IPO Allotment Status on BSE 

• Open the Application Status page of BSE here. 
• Choose 'equity' as the issue type. 
• Select 'Identixweb Limited’ from the list of companies. 
• Enter your IPO application number and PAN details. 
• Verify the captcha by clicking on the 'I am not a Robot' box. 
• Click on the submit button to check the details of the share allotment.

 IPO Details

Identixweb Limited launched its IPO on March 26, 2025, with a total issue size of ₹16.63 crores. The IPO price band is fixed between ₹51-₹54 per share. Investors can apply with a minimum lot size of 2000, requiring a minimum investment of ₹1,02,000. The shares are expected to be listed on BSE with a tentative listing date of April 3, 2025. The basis of allotment will be finalised on April 1, 2025, followed by the initiation of refunds on April 2, 2025.

Beeline Capital Advisors Pvt Ltd is the book-running lead manager, and Spread X Securities Private Limited is the market maker for the issue. Skyline Financial Services Private Ltd is the registrar.

Utilisation of Proceeds

The company will utilise the net proceeds from the issue towards the following objects:

• Investment in marketing to support the organisation’s growth plans in India or Outside India.
• Investment into market research and product development through Talent Hiring for the issuer company.
• Investment in the Subsidiary for Product Development through Talent Hiring.
• General Corporate Purposes.

Overall Subscription Status 

(March 28, 2025, end of the day)

Identixweb IPO was subscribed 26.15 times on the third day, according to BSE data. Of these, 

• Retail investors subscribed 14.38 times, 
• Non-institutional investors (NII) subscribed 73.46 times, 
• Qualified Institutional Buyers (QIBs) subscribed 11.19 times.

GMP (Grey Market Premium) Details

According to Business Standard, as of April 1, 2025, 8:13 AM, the Grey Market Premium (GMP) for Indentixweb Limited stood at ₹8. This indicates a premium of 14.81% over the upper band of the issue price. If the current GMP trends continue, the estimated listing price of Indentixweb Limited is expected to be ₹62.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Source: Business Standard Media Report dated April 1, 2025 

Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before making any decision to invest. We neither engage in, trade or deal in the grey market nor recommend or endorse trading in the grey market.

Identixweb Limited Business Overview

Identixweb Limited, incorporated initially as Goyani Infra Private Limited on July 28, 2017, underwent a name change to Identixweb Private Limited on September 27, 2019, and later to Identixweb Limited on December 21, 2023. The company specialises in Software-as-a-Service (SaaS) solutions, focusing on Shopify application development to enhance store functionality and performance. Their services include e-commerce store development, web application development, UI/UX design, website development, and customised software solutions, utilising technologies such as Node.js, PHP, and React.js. Headquartered in Ahmedabad, India, Identixweb operates globally across various industries and has a subsidiary, Munim ERP Private Limited, based in Surat, which focuses on ERP and accounting software.