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Identixweb IPO
Identixweb Ltd
₹1,02,000 /2000 sharesMinimum investment
IPO listing details
Listed on
3 Apr '25
Issue price
₹54.00
Listing price
₹55.00
Listing gains
₹1.00 (1.85%)
Exchange
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IPO details
Minimum investment
₹1,02,000
Price range
₹51 - ₹54
Lot size
2,000
Issue size
16.63 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers11.19x
Non-Institutional Investor73.66x
Retail Individual Investor11.85x
Total16.59x
As of 28 Mar'25, 05:00 PM
Schedule
26 Mar 2025
IPO open date
28 Mar 2025
IPO close date
1 Apr 2025
Allotment date
1 Apr 2025
Funds unblock or debit
3 Apr 2025
Tentative listing date
About
Founded in
2017
MD/CEO
Mr. Priyankkumar Jivarajbhai Savani
Parent organisation
Identixweb Ltd
Identixweb Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
Identixweb claims to provide dedicated support and maintenance services to ensure the smooth functioning of its solutions. Their support team is available to address technical issues, provide updates, and enhance system performance.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 6.00 crore (standalone) in FY22 to Rs 6.22 crore (consolidated) in FY23 to Rs 6.33 crore (consolidated) in FY24, while PAT increased from Rs 0.75 crore (standalone) in FY22 to Rs 1.35 crore (consolidated) in FY23 to Rs 2.70 crore (consolidated) in FY24.
The company is operating in a highly competitive field. Players from both organised and non-organised sectors give Identixweb competition.
Shopify contributed 50.72%, 64.16%, and 85.41% to Identixweb’s revenue in FY22, FY23, and FY24 respectively. Any policy changes, economic downturns, or strategic shifts by Shopify could negatively impact the company’s revenue and financial position.
The top 10 customers of the company contributed 96.66%, 100%, and 100% to revenue from operations in FY24, FY23, and FY22, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
Many of Identixweb’s products rely on third-party software and intellectual property. Any inability to secure necessary licenses or rising costs associated with these licenses could limit product offerings and impact profitability.
The company's promoters and directors are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
The company generated negative cash flows from investing activities amounting to Rs 3.66 crore, Rs 4.48 crore, Rs 2.92 crore, and Rs 0.03 crore in the period ending September 30, 2024, FY24, FY23, and FY22 respectively. Further, the company generated negative cash flows from financing activities of Rs 0.49 crore in FY22. Any inability to effectively manage cash outflows in the future may adversely impact the company’s business and financial condition.
Application details
For Identixweb IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹51 - ₹54 | ₹2 - ₹5 Lakhs | 2000 |
| High Networth Individual | ₹51 - ₹54 | ₹2 - ₹5 Lakhs | 2000 |