Shares of iValue Infosolutions are set to debut on Dalal Street on Thursday, September 25, with listing on both BSE and NSE. The IPO, open from September 18 to September 22, was priced between Rs 284 and Rs 299 per share, with a minimum lot size of 50 shares (Rs 14,950 minimum investment for retail). Advertisement
The issue size was Rs 560.29 crore, entirely an offer-for-sale (OFS) of 18,738,958 equity shares. IIFL Capital Services and Motilal Oswal Financial Services were the lead managers, and Kfin Technologies served as registrar.
The IPO received a lukewarm response, with overall subscription at 1.82 times and about 1.3 lakh applications. The qualified institutional buyers (QIB) segment was subscribed 3.18 times, while non-institutional investors (NII) and retail investors' categori