Identixweb IPO | Detailed Guide For Investing in The IPO 

Identixweb IPO is a book-built issue of ₹ 16.63 crores. It is a BSE SME IPO consisting entirely of a fresh issue portion of 30.80 lakh shares. 

Identixweb IPO will open for subscription on 26th March 2025 and will receive its last bid for subscription on 28th March 2025 (closing day). The tentative listing date for the Identixweb IPO is set on 3rd April 2025, with the tentative allotment date of 01st March 2025. Investors can expect refund initiation (if any) and credit of allotted shares in demat accounts on 02nd April 2025. 

The price band for the Identixweb IPO is set with a floor price of ₹ 51 and a cap price of ₹ 54 per equity share. The minimum lot size for the Identixweb IPO is 2,000 shares, aggregating to a minimum investment for the retail segment at ₹ 1,02,000 (floor price * lot size). Whereas on the cutoff price of ₹ 54, the minimum investment would be ₹ 1,08,000. The HNI segment has the minimum lot size of 2 lots (4,000 shares) for the Identixweb IPO, amounting to a minimum subscription of ₹ 2,16,000.

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

Identixweb IPO Key Information 

Identixweb IPO Key Dates

Identixweb IPO GMP (Grey Market Premium)

Identixweb IPO GMP: Grey Market Premium (GMP) refers to the price of an IPO trailing in the grey markets. It represents the difference between the issue price and the grey market price of an IPO.

Identixweb IPO GMP Trend

The Identixweb IPO GMP of ₹ 0 as of 26th March 2025 indicates that the IPO has not attracted much interest from investors in the grey markets. It may lead to a neutral listing for Identixweb IPO on 03rd April 2025. The recently updated GMP of Identixweb IPO of ₹ 0 indicates an expected listing price of ₹ 54 with estimated listing gains of 0.00 %. To stay updated on more upcoming IPOs, keep reading Univest Blogs.

Identixweb IPO Subscription Status 

Identixweb IPO was subscribed 0.01 times as of 10:15 AM on 26th March 2025. The IPO was subscribed 0.01 times by the retail and NII categories. The subscription status by the QIB segment stood at 0 times. 

*(QIB – Qualified Institutional Buyers, NII – Non Institutional Buyers)

Identixweb IPO Analysis

Identixweb IPO Lot Size Structure

Identixweb IPO Reservation Structure

Identixweb IPO is a BSE SME IPO, likely to be listed on the Indian stock exchanges on 03rd April 2025. This issue consists of a reservation portion for the qualified institutional buyers (QIB), retail investors and non-institutional buyers (NIB). To learn more about the reservation requirements of the Identixweb IPO, refer to the table below.

Identixweb IPO Objectives

Identixweb IPO is being issued with a price band of ₹ 51 to ₹ 54 at a total IPO size of ₹ 16.63 crores. Identixweb Limited intends to use the net issue proceeds from the IPO for the following objectives: 

1. Investment in marketing to support organisation’s growth plans in India or outside India. 
2. Investment in market research and product development through talent hiring for the issuer company. 
3. Investment in the company’s subsidiary, i.e., Munium ERP Private Limited, for product development through talent hiring.  
4. General Corporate Purposes. 

The net issue proceeds (Gross issue proceeds – issue  expenses) from the Identixweb IPO will be used for the fulfilment of the objectives mentioned above in the following manner: 

(figures in ₹ lakhs)

Identixweb IPO Peer Comparison 

Pros and Cons of Identixweb IPO

Pros

• Wide range of development services.  
• Client-centric approach.
• Customised solution tailored to customer’s needs.
• Innovation and Adaptability.

Cons 

• Reliance on one customer (Shopify) for significant revenue earnings.
• Product development is expensive, time consuming and uncertain.
• No definitive agreement relating to hiring for the project to be funded through proceeds. 
• Dependent on few customers for sales. 

Identixweb Limited Performance Review

Before investing in the Identixweb IPO, it is crucial to analyse its financial health through technical and financial statement analysis. It helps understanding the profit growth, cash flow, and other risks and strengths of the underlying company. Therefore, to make informed decisions regarding the Identixweb IPO, you must take a look at the below financials of the company:

Financial Performance

*Figures in ₹ lakhs except percentages

Explanation 

Revenue  

Identixweb Limited earned revenue of ₹ 600.09 in FY 2022, which grew by 3.66 

% in FY 2023 to ₹ 622.11 lakhs. In FY 2024, Identixweb Limited clocked a revenue of ₹ 632.90 lakhs, which was higher by 1.73 % compared to the revenue of FY 2023. 

EBITDA

As for the EBITDA, the company clocked earnings before interest, tax, depreciation and amortization (EBITDA) of ₹ 92.27 lakhs in FY 2022. In FY 2023, the company’s EBITDA grew by 133.109 % to ₹ 215.09 lakhs. In FY 2024, the EBITDA of Indentixweb Limited was ₹ 435.05 lakhs.

Profit After Tax (PAT)

Identixweb Limited has experienced a similar trend in its PAT figures, such as revenue and EBITDA. In FY 2022 company’s PAT was closed at a figure of ₹ 75.30 lakhs. In FY 2023, Indentixweb Limited had a PAT of ₹ 137.67 lakhs, resulting in a rise of 82.82%. In FY 2024 company’s PAT stood at a figure of ₹ 283.90 lakhs.

Technical Analysis (KPIs)

(ROE – Return on Equity, P/BV – Price to Book Value, RONW – Return on Net Worth, ROCE – Return on Capital Employed)

Please note that the Price-To-Earning (PE) and Earning Per Share (EPS) ratio are subject to change after the Identixweb IPO listing. Therefore, have a look at the below table that provides the pre and post IPO values of the PE and EPS of Identixweb IPO. 

About Identixweb Limited

Indentixweb Limited was incorporated in 2017. It is an IT firm involved in the business of providing software as a service (SAAS). Indetixweb offers E-commerce Store Development, Web App Development, UI/UX Design, Website Development, Customise Software Development, support and maintenance with a primary focus on Shopify development. Indetixweb Limited’s business is divided into two divisions. The primary division includes Shopify App Development. The second division consists of Software development and website development. 

Identixweb has two subsidiaries named Munim ERP Private Limited and Indentixweb LLC. Munim ERP Private Limited operates in Surat, Gujarat and is engaged in the provision of accounting and GST compliance software solutions for various industries. 

The company specialises in Shopify App Development by creating applications to enhance the functionality and performance of Shopify stores.  Their products include more than 10 Shopify applications that are conversion-optimised. Other than this, Indentixweb Limited also offers services like Node Js, PHP, Web Applications and React JS development. 

 How to Apply For Identixweb IPO

To apply for the Identixweb IPO, you simply need to follow the below steps: 

Step 1 – Research the risks, benefits, and key details of the Identixweb IPO. 

Step 2 – Open a demat account with Univest to know more about the Identixweb IPO and invest in it. If you have an old demat account, you can also use it to invest in the public offer. 

Step 3 – To invest in the Identixweb IPO as a retail investor, you must place a bid for 2,000 shares for a total amount of ₹ 1,08,000 lakh.

Step 4 – Once the bidding process is completed, you will receive a request for payment initiation using your chosen investment method. Approve the payment request and stay updated with the allotment status for the Identixweb IPO.

Snapshot Of Identixweb IPO 

• The Identixweb IPO is a book-built issue consisting of 30,80,000 equity shares amounting to a total size of 16.63 crores. 
• The Identixweb IPO consists entirely of a fresh issue portion of 30.80 lakh shares (₹ 16.63 cr.).
• The price band for the Identixweb IPO is set between the floor price of ₹ 51 and the cap price of ₹ 54. 
• The minimum lot size of the Identixweb IPO for retail investors is set at 2,000 shares (1 lot), and for the HNI segment, it is 4,000 equity shares (2 lot). 

FAQ on Identixweb IPO

What is the Identixweb IPO price? 

The price of Identixweb IPO is set at a price band of ₹ 51 to ₹ 54.

What is the retail lot size in the Identixweb IPO? 

The minimum lot size of the retail segment for the Identixweb IPO is set at 2,000 shares, which amounts to a total of ₹ 1,08,000 per lot. 

How can I check the Identixweb IPO allotment status? 

You can check the Identixweb IPO allotment status on the official website of the Bombay Stock Exchange (BSE).

What is the Identixweb IPO?

Identixweb IPO is a book-built offer for 30,80,000 equity shares. The issue is available at a price band of ₹ 51 to ₹ 54. Investors can subscribe to the Identixweb IPO through a bidding process which will commence on 26th March 2025. 

What does Identixweb Limited do?

Indentixweb Limited is engaged in the business of providing Service as a Service (SAAS). It specializes in Shopify App Development along with software and website development. 

What is the allotment date for the Identixweb IPO? 

The tentative allotment date for Identixweb IPO is 01st April 2025.

Note: Univest do not recommend you to invest in the Identixweb IPO based on the information provided in the above blog. Before investing in the public offer perform your own research and invest according to your risk tolerance levels. 

Read Our Articles on the Best Stocks

Best Gold Stocks India

Green Energy Penny Stocks

Best Cement Stocks To Invest in India

What is Earnings Per Share EPS? 

Top Multibagger Penny Stocks For 2025 |  Potential Picks

Fundamentally Strong Stocks on NSE in 2025

Debt-Free Penny Stocks in India 2025

Best Realty Stocks In India 2025

Debt Free Penny Stocks Below 1 Rupee

Also Explore

Explore Current and Previous IPOs

Univest Screeners

Popular Stocks to Consider 

Explore Webstories on Univest 

1. Best Time To Buy Dividend Stocks

2. How RBI Policies Affect Dividend Stocks

3. Can Dividend Stocks Beat Inflation

4. What Is The Dividend Aristocrat List

5. Which Indian Psus Offer The Best Dividends

6. Large Cap Vs Small Cap Dividend Stocks

Disclaimer: This is for general information and education purposes only. The Securities quoted (if any) are for illustration only and are not recommendatory. Past performance does not guarantee any future returns. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.