iValue Infosolutions listing: iValue Infosolutions shares entered the listed space with a decent premium on Thursday. The stock opened for trade at Rs 284.95 on both the NSE and BSE, with premium of 4.70 per cent over the issue price.
Earlier on Thursday, Zee Business Managing Editor Anil Singhvi had predicted a flat listing for the stock near or even below the issue price of Rs 299. The issue got a very weak response and was subscribed only 1.8 times.
He suggests investors must keep a suitable stop loss below the IPO price as per their risk appetite.
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The Rs 560-crore initial public offering (IPO) opened for subscription from September 18 to September 22. The issue secured a total subscription of 1.82 times, with bids for 2.38 crore shares against the 1.31 crore shares on offer, according to provisional exchange data.
The issue was entirely an offer for sale (OFS) of 1.87 crore equity shares, meaning that none of the proceeds will go to the company.
Price band: Rs 284 to Rs 299 per equity share with a face value of Rs 2 per share
iValue Infosolutions is an enterprise technology solutions provider founded in 2008. Headquartered in Bengaluru, the company focuses on securing and managing digital applications and data for large organisations through partnerships with system integrators and original equipment manufacturers.
