Identixweb Limited came to market through an SME IPO that opened on 26 March 2025 and closed on 28 March 2025, and the shares listed on 3 April 2025 on BSE SME. The price band was ₹51 to ₹54 per share and one lot was 2000 shares, so the minimum application was ₹1,08,000. The issue size was ₹16.62 crore. The whole issue was fresh shares, so the money raised went to the company.
Skyline Financial Services Private Ltd was the registrar to the issue, and Beeline Capital Advisors Pvt Ltd was the lead manager.
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Founded in 2017, Identixweb Limited is a technology firm that deals in Shopify app development and bespoke web solutions. Identixweb provides services such as Shopify app development, web application development with PHP and React, and WordPress plugin creation. Identixweb has created over 35 public Shopify apps and delivered more than 100 projects to date, catering to different sectors like e-commerce, fashion, fintech, and SaaS, with a team of more than 50 professionals. Services: Shopify Application Development:
The company develops Shopify applications to improve store functionality, automate operations, and increase sales. Node.js Development: The company employs Node.js to develop high-performance, efficient servers for responsive websites and applications. PHP Development: The company creates PHP-based websites and applications for dynamic, interactive, and database-driven web experiences. Web Application Development: The company designs easy-to-use web applications for shopping, email, and social networking on devices. As of March 31, 2024, the company consists of a total of 60 Employees.
As described in the offer document.
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Mr. Priyankkumar Jivarajbhai Savani, Mr. Ankur Jagdishbhai Lakhani, Mrs. Hiral Ankurbhai Lakhani. Promoter holding 89.34% before the issue and 63.02% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Identixweb IPO was a ₹16.62 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹51–₹54 per share with a lot size of 2,000 shares (₹1,08,000). The IPO was open from March 26 to March 28, 2025. Shares listed on BSE SME on April 3, 2025 at ₹55, a 1.9% premium to the issue price of ₹54. Skyline Financial Services Private Ltd is the registrar. Beeline Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Identixweb IPO is ₹51 to ₹54 per share.
The lot size of Identixweb IPO is 2000 shares.
The minimum investment for Identixweb IPO is approximately ₹1,08,000 based on the upper price band.
The allotment date of Identixweb IPO is Apr 1, 2025.
You can check Identixweb IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Identixweb IPO allotment status on Rupix for quick and easy access.
₹51 to ₹54 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,08,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,08,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 26 March 2025 and closed on 28 March 2025.
The basis of allotment was published on 1 April 2025 by Skyline Financial Services Private Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 3 April 2025 on BSE SME.
The issue size was ₹16.62 crore. The fresh issue was 30,80,000 shares (aggregating up to ₹16.62 crore).