Indentixweb Limited opens its IPO for subscription on March 26th 2025 and ends on March 28th 2025. It is a 100% book-built issue with a fresh issue size of 30,80,000 equity shares with a price band ranging from Rs. 51-54.
The IPO is set to go public on April 3rd 2025 on the SME platform of the Bombay Stock Exchange.
The Company is an IT Firm incorporated in 2017. It provides Software as a service (SAAS) - based digital product solutions like web developments for e-commerce, UI/UX Design, Customized Website & Software development, Enterprise Resource Planning solutions, etc for various industries.
It primarily specializes in Shopify application development where its major revenue is generated, and also offers a wide range of development services through Node.js, PHP, and React.js development. It has two subsidiaries i.e. Munim ERP Private Limited and Identixweb LLC which is located in Surat, India, and operations in India as well as countries like Israel, Canada, Singapore, Malaysia, the USA, the UK, Japan Germany, etc.
The company is backed by experienced promoters and aims to broaden its product portfolio and enhance its presence in the market.
Details Of Indentixweb Limited IPO
Objectives of Indentixweb Limited IPO
The Company with the help of this IPO proposes to utilize the net proceeds to invest in growth plans in and outside India, marketing for product developments, invest in its Subsidiary i.e. Munim ERP Private Limited, meet working capital, and make strategic business developments.
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Financial Performance of Indentixweb Limited
The table below (in lakhs) stipulates the restated Financial Information of the company over the last 3 fiscal years and up-till September 30, 2024.
Particulars | For the year ended September 30, 2024 | 31.03.2024 | 31.03.2023 | 31.03.2022 |
Share Capital | 736.16 | 736.16 | 7.15 | 1.00 |
Total Net Worth | 1,234.17 | 1036.45 | 469.59 | 84.82 |
Revenue from operations | 444.07 | 659.70 | 626.57 | 607.75 |
Profit After Tax | 197.72 | 283.90 | 137.67 | 75.30 |
Industry Outlook
India is drastically experiencing digitization with advanced technologies, software, etc. that are being developed and implemented across many sectors at a very fast pace. The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country’s GDP and public welfare.
India is one of the largest internet users and this digital access contributes considerably to the production of economic value and citizen empowerment. The digital revolution has impacted all kinds of industries with everyone adapting to it and is further expected to experience better developments with innovative digital applications and tools.
The government has initiated many schemes like Make in India, IndiaAI Mission, Production Linked Incentive schemes, Electronics System Design and Manufacturing (ESDM), and Digital India program etc. to support the digital revolution in India.
This industry contributed approximately 7.5% of India’s GDP as of 2023, and it is expected to contribute 10% to India’s GDP by 2025 and is likely to hit the US$ 350 billion mark by 2026.
The country is also expected to double its IT spending to US$ 138.6 billion from US$ 124.7 billion as of 2024.
Strengths and Risks of Indentixweb Limited
Strength:
IPO Subscription Details
The IPO is a book-built issue that offers a fresh issue size of 30,80,000 equity shares, each with a face value of Rs. 10. The bidding price ranges from Rs. 51 - 54 per share for a lot size of 2000. The IPO is set to go public on April 3rd 2025 on the Emerge platform of the Bombay Stock Exchange.
Expert Recommendations
The electronic market is on the rise with rapid development and the introduction of new technology, software, innovative applications, and e-tools in the market.
The IT & BPM is expected to contribute 10% to India’s GDP by 2025 and is likely to hit the US$ 350 billion mark by 2026. The company has also shown healthy financial growth over the year and additionally, the industry the company is vested in also has potential growth for the long term.
However, the company is also subject to certain risks and competition which the investors should carefully analyze before investing.
Key Takeaways
The company with the help of this Initial Public Offering (IPO) aims to implement growth plans and market developments for its products in and outside India, invest in its Subsidiary i.e. Munim ERP Private Limited, and for general corporate purposes.
It has shown healthy profits and has strong potential given the industry it operates in, but is also subject to risks given the volatility of the market and the growing competition in this industry.
Investors should outline risks before investing.
Frequently Asked Questions: Indentixweb Limited
1. When is the Indentixweb Limited IPO being listed?
The IPO is set to go public on April 3rd 2025.
2. Is the Indentixweb Limited IPO fairly Priced?
Based on the average EPS of 3.98. The price/earning ratio at the lower end of the floor price is 13.01 and 13.56 at the higher end of the price band. The bid price ranges from Rs. 51-54 per share.
3. Where else can we get more information about the Indentixweb Limited IPO?
You can get more information about the IPO on the BSE website and on following websites.
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