Should You Apply to iValue Infosolutions IPO? Details, Financials & Valuation Analysis
“Everything you need to know about the iValue Infosolutions IPO – price band ₹284-299, ₹560 crore OFS, strong revenue growth, and how it stacks up against peers.”
Company Overview
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Founding & Location
iValue Infosolutions was founded in 2008. It is headquartered in Bengaluru, India with offices across several Indian cities and operations in SAARC & Southeast Asia including Singapore, Bangladesh, Sri Lanka, UAE, Cambodia, Kenya. -
What They Do / Sector
iValue is an enterprise technology solutions specialist. It primarily helps enterprises secure, manage, and optimize their digital applications and data, particularly in hybrid-cloud or multi-cloud environments. They work with system integration, cloud, cybersecurity, data lifecycle management, application lifecycle, and infrastructure solutions. -
Business Maturity & Reach
The company has done over 6,000+ customer engagements across verticals including BFSI (Banking, Financial Services and Insurance), government, telecom, retail, manufacturing.
It also has a large OEM (Original Equipment Manufacturer) and System Integrator (SI) partner ecosystem. -
Mission, Vision, Capacity
Their mission is to enable and empower their partner ecosystem to enhance and secure enterprises’ digital transformation journey. Vision is to be a valued technology aggregator for securing and managing digital applications & data in hybrid-multi cloud ecosystems.
They employ several hundred people (421 as of FY ending Mar-2025) across geographies.
Financials
Here are the key financials for iValue Infosolutions for FY 2023-25:
| Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue from operations | ~₹796.83 crore | ~₹780.23 crore | ~₹942.35 crore |
| Profit After Tax (PAT) | ~₹59.92 crore | ~₹70.57 crore | ~₹85.30 crore |
| EBITDA | ~₹88.82 crore | ~₹111.06 crore | ~₹129.13 crore |
| Assets | ~₹1,080.19 crore | ~₹1,004.25 crore | ~₹1,162.67 crore |
| Net Worth (Equity) | ~₹251.61 crore | ~₹322.61 crore | ~₹414.79 crore |
| Borrowings / Debt | ~₹50.48 crore | ~₹45.19 crore | ~₹42.45 crore |
Other notable ratios:
- RoE (Return on Equity) ~ 20-30% depending on year.
- ROCE ~ ~28-30% in FY25.
- Net margin ~ 9% in FY25.
- EBITDA margin ~ 14% in FY24 & FY25.
IPO Details
| Detail | Information |
|---|---|
| IPO type | Offer for Sale (OFS) – no fresh shares; existing shareholders are selling. |
| Price Band | ₹284-₹299 per share |
| Issue Size / Offer Size | ~₹560 crore (upper end) |
| Number of shares offered | ~1.87 crore shares |
| Lot Size (Retail) | 50 shares |
| Minimum Investment (Retail) | ~₹14,950 |
| Allotment date | ~September 23, 2025 |
| Listing date | ~September 25, 2025 on BSE & NSE |
| Share allocation | QIBs ~50%, NIIs ~35%, Retail ~15% |
Peer & Competitor Comparison
- According to reports, iValue Infosolutions identifies Exclusive Networks SA and Multi Chem Limited as some of its key listed peers.
- Compared to such peers, iValue has:
• Steady growth in revenue and profit with improving margins.
• Strong OEM partnerships (over 100 OEM partners) and large number of system integrators/customers.
• Return ratios in line or competitive with similar technology services / system integration firms.
Strengths & Risks / Growth Drivers
Strengths:
- Established business in enterprise tech solutions & digital transformation across India and international markets.
- Good financial discipline: growing revenue, rising profit, controlled expenses, declining borrowing.
- Strong network of OEM partners and system integrators; diversified product/solution mix.
Risks:
- Being an OFS only issue, the company gets no fresh capital; growth funding must come from existing cash flows.
- Revenue saw a dip in FY24 vs FY23 in some metrics (revenue down ~2% in FY24) before recovering in FY25.
- Technology and OEM dependencies may pose risk if partnerships change, or if product obsolescence arises.
- Competitive pressures from both domestic and global integrators, distributors, and tech service firms.
- Macro risks: IT spending cycles, currency fluctuations, regulatory changes in data, security, OEM import policies, etc.
IPO Verdict: Who It’s For
If you are an investor looking for exposure in enterprise tech / digital transformation with a relatively stable financial track record, good profitability, and are comfortable with OFS kind of IPOs, iValue Infosolutions looks reasonably attractive.
For those seeking high growth via fresh capital infusion, this IPO may be less exciting since no new money is going into the company. If you lean more toward long-term gains and believe in strong tech services demand, it could be worth considering.
(Disclaimer: Recommendations, suggestions, views and opinions expressed by experts are their own. Investors are advised to consult certified financial advisors before making any investment decisions.)
