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Identixweb IPO
Price Band
₹51.0–54.0
Issue Size
₹16.63 Cr
Lot Size
2,000 shares
Min Investment
₹108,000
GMP
+₹4.0 (7.41%)
Issue Price
₹54.0
Subject to Sauda
₹6100
Paid only if allotted
Identixweb IPO AI Summary
- Identixweb IPO is listed on BSE SME.
- Price band: ₹51.0–₹54.0 per share, lot size 2,000 shares (min. investment ₹108,000).
- Subscription window: 26 Mar–28 Mar 2025, listing on 03 Apr 2025.
- Current GMP is +₹4.0 (7.41%), an estimated listing price of ₹58 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Identixweb IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 28 Mar 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Identixweb IPO Grey Market Premium (GMP) Today
GMP
+₹4.0
GMP %
+7.41%
Est. Listing
₹58.0
Updated: 25 Jul 2026 14:30
About the Company
Incorporated in 2017, Identixweb Limited is a technology company specializing in Shopify app development and custom web solutions. The company offers services including Shopify app development, web app development using PHP and React, and WordPress plugin development. With over 50 professionals, Identixweb has developed more than 35 public Shopify apps and completed over 100 projects, serving various industries such as e-commerce, fashion, fintech, and SaaS. Services: Shopify Application Development: The company builds Shopify apps to enhance store functionality, streamline operations, and boost sales. Node.js Development: The company uses Node.js to create fast, efficient servers for responsive websites and applications. PHP Development: The company develops PHP-based websites and apps for dynamic, interactive, and database-integrated web experiences. Web Application Development: The company creates user-friendly web applications for shopping, email, and social networking across devices. Products Portfolio: Stellar Delivery Date & Pickup: This app is a solution for order delivery management. iCart Cart Drawer Cart Upsell: Grow your Shopify store's average order size with iCart's complete cart upsell & cart cross-sell solution for growth-focused Shopify merchants. TablePress - Data Tables: TablePress allows you to create tables that can be embedded into blogs, pages, or text widgets with a simple shortcode. WordPress Plugin: With this you can accelerate online sales with an outstanding WooCommerce upsell plugin, driving more conversions and boosting your revenue effortlessly. As of February 28, 2025, the company has a total of 64 Employees. Competitive Strengths: Skilled Professional Team and Strong Leadership Tailored Solutions Comprehensive Development Services Client-Centric Approach Innovation and Adaptability
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 14.57 | 11.96 | 6.13 |
| Total Income | 4.79 | 6.66 | 6.27 |
| Profit After Tax | 2.00 | 2.77 | 1.35 |
| NET Worth | 12.30 | 10.29 | 4.67 |
| Reserves and Surplus | 4.94 | 2.93 | 4.59 |
| Total Borrowing | 0.11 | 0.11 | 0.46 |
Key Ratios
EPS
₹3.76
NAV
₹14.08
ROE
37.70%
ROCE
57.25%
RoNW
27.39%
P/B Value
3.84
P/E Ratio
14.36
Market Cap
₹56.38 Cr
PAT Margin
44.86%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Kody Technolab Limited | 58.22 | 13.17% | 233.88 | 3.84 |
| Identixweb Limited This IPO | 14.08 | 27.39% | — | 3.86 |
Promoters
Priyankkumar Jivarajbhai Savani, Ankur Jagdishbhai Lakhani and Hiral Ankurbhai Lakhani
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Investment in marketing to support organizations growth plans in India or Outside India 2.50 2 Investment into market research and product development through Talent Hiring for the issuer company 4.20 3 Investment in the Subsidiary for Product Development through Talent Hiring 4.16 4 General Corporate Purposes 3.96 5 Public Issue Expenses 1.81 Total 16.63
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹6.27 Cr in the year ending 31 Mar 2023, decreasing to ₹6.66 Cr by 31 Mar 2024, and further declining to ₹4.79 Cr by 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1.35 Cr in the year ending 31 Mar 2023, increasing to ₹2.77 Cr by 31 Mar 2024, and then falling to ₹2.00 Cr by 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Identixweb's implied P/E at the issue price is approximately 14.36, compared to peers trading at a P/E of 233.88.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial price at which shares of an IPO are traded before they are listed on the stock exchange. A positive GMP indicates that investors expect the stock to list at a higher price than the issue price, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and market conditions. It's essential to consider the company's growth potential and financial health when making a decision.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be subject to high volatility and uncertainty in the initial trading period.
IPO Timeline, Explained
The IPO opens for subscription on 26 March 2025 and closes on 28 March 2025. Allotment of shares will be done by 1 April 2025, and the shares are expected to be listed on the stock exchange on 3 April 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares of an IPO are listed on the stock exchange and traded for the first time. However, these gains are not guaranteed and can be affected by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Identixweb's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Identixweb IPO GMP today?
Identixweb IPO GMP today is +₹4.0 (7.41%), indicating an estimated listing price of ₹58. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Identixweb IPO?
The price band of Identixweb IPO is ₹51.0–₹54.0 per share.
When does Identixweb IPO open and close?
Identixweb IPO opens on 26 March 2025 and closes on 28 March 2025.
When does Identixweb IPO list on the stock exchange?
Identixweb IPO listed on 03 April 2025 at ₹58.0.
What is the lot size for Identixweb IPO?
The lot size for Identixweb IPO is 2000 shares, requiring a minimum investment of ₹108,000.
What is the price band for the IPO?
The price band for the IPO is ₹51.0 to ₹54.0.
What is the minimum investment required?
The minimum investment required is ₹1,08,000.
What is the lot size for the IPO?
The lot size for the IPO is 2000 shares.
When is the listing date for the shares?
The listing date for the shares is 3 April 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Mar 2025
Close
28 Mar 2025
Allotment
01 Apr 2025
Listing
03 Apr 2025
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