IPO
Tech advisor to OEMs iValue Infosolutions’ IPO fully subscribed
The initial public offering (IPO) of Bengaluru-based iValue Infosolutions (IISL), a value-added distributor and solutions aggregator in the enterprise technology space, was fully subscribed.The iValue Infosolutions IPO is a complete offer-for-sale (OFS) of 1.87 crore equity shares. The price band was set between INR 284 and INR 299 per share. At the upper end of the price band, iValue aims for a valuation of about INR 1,601 crore.The retail segment was subscribed 1.28 times against the 65.58 lakh shares reserved. The Non-Institutional Investors (NIIs) category subscribed to 1.26 times the 28.10 lakh shares allotted to them. Qualified Institutional Buyers (QIBs) subscribed 3.18 times for the 37.47 lakh shares allotted.iValue Infosolutions partners with global Original Equipment Manufacturers (OEMs) and System Integrators (SIs) to provide enterprises with cybersecurity, data centre infrastructure, hybrid cloud, and application lifecycle management (ALM) solutions.
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