Identixweb IPO - Day 3 Subscription at 0.59 Times

Identixweb's initial public offering (IPO) has shown moderate progress through its three-day subscription period. The ₹16.63 crore IPO has witnessed steady growth in demand, with subscription rates advancing from 0.14 times on day one, improving to 0.37 times on day two, and reaching 0.59 times by 10:54 AM on the final day, demonstrating gradual investor interest in this technology company that specializes in Shopify app development and custom web solutions.

The Identixweb IPO retail segment leads with 1.07 times subscription, crossing the full subscription mark, while non-institutional investors show limited interest at 0.24 times and qualified institutional buyers show no participation with 0 times subscription, reflecting cautious approach toward this company that has developed more than 35 public Shopify apps and completed over 100 projects serving industries such as e-commerce, fashion, fintech, and SaaS.
 

Subscription Status of Identixweb IPO:

Here are the subscription details for Identixweb IPO as of Day 3 (March 28, 2025, 10:54 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Identixweb IPO - Day 3 Subscription

Key Highlights:

• Overall subscription reaching 0.59 times, showing moderate progress though below full subscription
• Retail investors crossing full subscription at 1.07 times, demonstrating individual investor confidence
• QIB segment showing no participation with 0 times subscription across all three days
• NII segment showing limited interest at 0.24 times, showing modest growth from previous days
• Total applications reaching 852, indicating focused retail investor participation
• Cumulative bid amount reaching ₹6.50 crores, about 39% of the issue size
• Retail segment driving overall subscription with ₹5.93 crores in bids, representing 91% of total bids

Identixweb IPO - Day 2 Subscription at 0.37 Times

Key Highlights:

• Overall subscription improving to 0.37 times, showing moderate growth from day one
• Retail investors showing increased interest at 0.65 times, more than doubling day one's 0.27 times
• QIB segment maintaining zero participation, unchanged from day one
• NII segment showing improved interest at 0.21 times, significant growth from day one's 0.02 times
• Day two showing continued momentum building primarily from retail segment
• Market response indicating selective interest focused on individual investors
• Tech solutions expertise attracting attention from retail investors
• Second day showing more than doubled overall subscription rate compared to opening day

Identixweb IPO - Day 1 Subscription at 0.14 Times

Key Highlights:

• Overall subscription opening at modest 0.14 times, showing cautious initial investor approach
• Retail investors beginning with limited interest at 0.27 times, showing measured early participation
• QIB segment showing no participation on opening day
• NII segment showing minimal initial interest at 0.02 times, indicating very cautious evaluation
• First day demonstrating selective investor engagement concentrated in retail segment
• Initial momentum reflecting careful assessment of tech solutions sector opportunity
• Shopify app development expertise drawing limited selective interest
• Opening day setting modest subscription baseline for building momentum in subsequent days

About Identixweb Limited

Founded in 2017, Identixweb Limited specializes in technology solutions with focus on Shopify app development and custom web applications. With over 50 professionals, the company has developed more than 35 public Shopify apps and completed over 100 projects for clients across e-commerce, fashion, fintech, and SaaS industries.

The company's service portfolio includes Shopify application development, Node.js development, PHP development, and web application development. Their products include Stellar Delivery Date & Pickup for order delivery management, iCart Cart Drawer Cart Upsell for increasing average order size, TablePress for creating data tables, and WordPress plugins for WooCommerce upsell functionality. As of February 2025, the company employs 64 staff.

Financial performance shows positive results with revenue of ₹6.66 crores in FY2024 and profit of ₹2.77 crores, yielding impressive metrics including 37.70% ROE and 57.25% ROCE. For the six months ended September 2024, the company reported revenue of ₹4.79 crores with PAT of ₹2.00 crores. Key strengths include their skilled professional team, tailored solutions approach, comprehensive development services, client-centric focus, and capacity for innovation and adaptability.
 

Highlights of the Identixweb IPO:

• IPO type: Book Built Issue SME IPO
• IPO size: ₹16.63 crores
• Fresh Issue: 30.80 lakh shares
• Face value: ₹10 per share
• Issue price band: ₹51 to ₹54 per share
• Lot size: 2,000 shares
• Minimum investment for retail investors: ₹1,08,000
• Minimum investment for HNI: ₹2,16,000 (2 lots)
• Market maker reservation: 1,54,000 shares
• Anchor portion: 8,76,000 shares (₹4.73 crores raised)
• Listing at: BSE SME
• IPO opens: March 26, 2025
• IPO closes: March 28, 2025
• Allotment date: April 1, 2025
• Listing date: April 3, 2025