Tepid listing: iValue Infosolutions shares settle 6% lower from IPO price on debut day on NSE

iValue Infosolutions shares list on stock exchanges.

iValue Infosolutions shares settled nearly 6 percent lower on the debut day at Rs 281.85 per share on the NSE, down 5.74 percent from the IPO price. The stock was down 1.09 percent from the open price.

The stock had listed on the stock exchanges at a discount of 5 percent, following a 2 times subscription to its Rs 560-crore issue in the primary market between September 18-22.

Shares of iValue Infosolutions Ltd got listed at Rs 284.95 per share on the NSE, a discount of 4.7 percent. The price band for the issue was Rs 284-299 per share.

On the BSE, the shares were listed at Rs 285 per share, a discount of 4.68 percent. The total market capitalization post listing of shares stood at Rs 1,525.89-crore.

The Creador-backed iValue Infosolutions had garnered Rs 168 crore from anchor investors.

Since the entire issue is an OFS, all proceeds will go directly to the selling shareholders rather than the company.

iValue Infosolutions is an enterprise technology solutions specialist offering comprehensive, purpose-built solutions for securing and managing digital applications and data. It primarily serves large enterprises in their digital transformation journeys by working with system integrators and OEMs (original equipment manufacturers) to identify, recommend, and deploy solutions that ensure the performance, availability, scalability, and security of applications and data.

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