Ivalue Infosolutions Ltd is launching its Initial Public Offering (IPO),today which consists entirely of an Offer for Sale (OFS) of 1.87 crore equity shares, each with a face value of Rs. 2, aggregating to Rs. 560.29 crore, open from September 18, 2025, to September 22, 2025. There is no new issue component, and therefore, no proceeds from the IPO will be allocated to the company.
GMP of Ivalue Infosolutions Ltd IPO
As of September 17, 2025, the shares of Ivalue Infosolutions Ltd in the grey market were trading at a 22.22 percent premium. The shares in the Grey Market traded at Rs. 121. This gives it a premium of Rs. 22 per share over the cap price of Rs. 99.
Overview of Ivalue Infosolutions Ltd
Ivalue Infosolutions Ltd was incorporated in 2008 and is a technology services and solutions provider specializing in enterprise digital transformation. The company operates across India, the SAARC region, and Southeast Asia, offering comprehensive and purpose-built solutions for securing and managing digital applications and data.
The company primarily serves large enterprises by understanding their digital transformation needs and working closely with system integrators and Original Equipment Manufacturers (OEMs) to identify, recommend, and deploy solutions. These solutions are designed to ensure the performance, availability, scalability, and security of digital applications and data.
It provides technical expertise and a wide range of associated services to system integrators, enterprise customers, and OEMs. Its business verticals include cybersecurity, information lifecycle management, data center infrastructure, application lifecycle management (ALM), cloud solutions, and additional customized solutions tailored to customer needs with support from various OEM partners.
The company is headquartered in Bangalore, and has offices in eight locations across India, and operates internationally in Singapore, Bangladesh, Sri Lanka, the UAE, Cambodia, and Kenya. As of March 31, 2025, iValue Infosolutions Limited employed a total of 421 employees.
Promoters of Ivalue Infosolutions Ltd
Sunil Kumar Pillai, Krishna Raj Sharma, Srinivasan Sriram, and Hilda Sunil Pilla are the key promoters of iValue Infosolutions Ltd. They bring with them extensive experience in technology services, enterprise digital transformation, and IT solutions. Their deep expertise in cybersecurity, cloud computing, data management, and digital infrastructure has been pivotal in shaping the company’s innovative approach and strong market presence.
Offer for Sale (OFS)
The Offer for Sale includes several selling shareholders, including promoters and individual shareholders. Key promoters like Sunil Kumar Pillai (762,115 shares), Krishna Raj Sharma (1,164,645 shares), and Srinivasan Sriram are offering 921,048 equity shares.
Other selling shareholders, including Sundara (Mauritius) Limited, offering (11,012,539 shares) and individual investors like Venkatesh R (632,196 shares), Subodh Anchan (592,726 shares), Roy Abraham Yohannan (477,949 shares), and others, contribute, respectively, at varying acquisition costs. The exact number of shares and the offer value will depend on the final offer price.
Lead Managers of Ivalue Infosolutions Ltd IPO
IIFL CAPITAL SERVICES LIMITED (formerly known as IIFL Securities Limited) and MOTILAL OSWAL INVESTMENT ADVISORS LIMITED are acting as the Book Running Lead Manager, while KFIN TECHNOLOGIES LIMITED is serving as the Registrar, managing investor applications and allotment.
Financial Analysis of Ivalue Infosolutions IPO
The company has demonstrated good financial growth over the past three fiscal years. Total income from ₹805.79 crore in FY23 to ₹795.18 crore in FY24 (a slight decrease), but increased to ₹942.35 crore in FY25, reflecting a growth of 18.5%.
Profit After Tax (PAT) grew from ₹59.92 crore in FY23 to ₹70.57 crore in FY24 (an increase of 17.7%) and further rose to ₹85.30 crore in FY25, marking a significant growth of 20.9%, indicating a solid improvement in profitability.
Ivalue Infosolutions Vs Peers
iValue Infosolutions Limited reported total income of ₹9,423.50 million for Fiscal 2025. The company has a basic and diluted earnings per share (EPS) of ₹15.98, a return on net worth (RoNW) of 20.63%, and a net asset value (NAV) per equity share of ₹75.77. The price-to-earnings (P/E) ratio is not disclosed.
Its peer Multi Chem Limited recorded total income of ₹47,372.92 million for Fiscal 2025. It has a P/E ratio of 10.15x, basic and diluted EPS of ₹23.31, a RoNW of 19.98%, and an NAV per equity share of ₹117.22.
Ivalue Infosolutions Strengths and Weaknesses
Strengths:
- The company is uniquely positioned in the large and fast-growing technology solutions and associated services market in India and other neighbouring economies.
- It has a comprehensive multi-OEM solutions and services portfolio, making us the preferred strategic technology advisor for enterprise technology requirements.
- They are the Partner of choice for OEMs in India, with strong and expanding OEM relationships across focus areas.
- The company is a Large, expanding, and diversified System Integrator network, with a high retention ratio and repeat business.
- It has an experienced leadership team, supported by a skilled workforce and an in-house training and recruitment program.
Weakness:
OEM Dependency Risk: A significant portion of revenue (63.02% in FY25) is derived from the top 10 OEMs. Any delay, failure, or change in terms from these OEMs could materially affect business, profitability, and reputation.
System Integrator Dependency Risk: The company derives 8.66% of revenue in FY25 from its top System Integrator. Loss of business or failure to maintain relationships with key System Integrators could reduce gross sales and negatively impact financial performance.
Contractual Risk: The company has non-exclusive agreements with OEMs and System Integrators, many of which are subject to termination without cause. Early termination or non-renewal of such agreements may adversely affect business operations and financial condition.
Brand and Product Dependency Risk: The business relies on OEMs to maintain, promote, and develop its brands and products. Any failure by OEMs to launch new products, maintain quality, or deliver timely could impact demand and adversely affect sales.
Conclusion
iValue Infosolutions Ltd’s IPO offers an opportunity for investors looking to gain exposure to the rapidly growing enterprise digital transformation and technology services market. The company has demonstrated consistent revenue growth, strong profitability, and a diverse service portfolio, positioning itself as a preferred technology partner for OEMs and system integrators.
However, potential investors should consider the risks associated with OEM and system integrator dependencies. Overall, this IPO could be a promising investment for those interested in the technology sector, but a careful evaluation of the company’s strengths and risks is advised before making a decision.
Written by Sridhar J
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