A new listing today – IValue Infosolutions and it got listed at a discount – as against the IPO price of Rs.299, it got listed on the BSE at Rs.285 and rose to Rs.289 levels; currently trading at Rs.285 levels.

The IPO was overall subscribed 1.82x, with QIBs taking the lions share at 3.18x, followed by HNIs at 1.26x and Retail at 1.28x.

IValue Infosolutions is a 17 year old Bengaluru-based B2B solution provider for securing and managing digital applications and data across key technology segments like cybersecurity, information lifecycle management, data centre infrastructure, application lifecycle management and hybrid cloud solutions. Company essentially connects technology OEMs with enterprise customers (no B2C) by partnering with System Integrators.

In our IPO Analysis, we had concluded - iValue Infosolutions IPO is attractively priced and is recommended for subscription.