ENA MSME 2025-04-03 18:00:08 <p><span style="font-size:14px"><strong>New Delhi, Apr 3 (KNN) </strong>Shares of web solutions company Identixweb made their market debut on the BSE SME platform Thursday, April 3, 2025, listing at Rs 55 per share, representing a gain of 1.8 percent over the issue price of Rs 54.</span></p> <p><span style="font-size:14px">The listing performance fell short of grey market expectations, where the company's shares had been trading at a premium of Rs 4 or 7.1 percent, reaching Rs 58 per share in unofficial markets prior to the official debut, according to sources tracking pre-listing activity.</span></p> <p><span style="font-size:14px">Despite the modest listing, Identixweb's initial public offering had garnered strong investor interest with an overall subscription of 26.15 times.</span></p> <p><span style="font-size:14px">Non-institutional investors showed the strongest demand, oversubscribing their allocated portion by 73.46 times, while retail investors and qualified institutional buyers oversubscribed their quotas by 14.38 times and 11.19 times respectively.</span></p> <p><span style="font-size:14px">The SME IPO, structured as a book-built issue worth Rs 16.63 crore, consisted entirely of a fresh issue of 3.08 million equity shares.</span></p> <p><span style="font-size:14px">Investors could subscribe to the issue between Wednesday, March 26, 2025, and Friday, March 28, 2025, at a price band of Rs 51-54 per share, with a minimum lot size of 2,000 shares. Share allotments were finalised on Tuesday, April 1, 2025.</span></p> <p><span style="font-size:14px">Founded in 2017, Identixweb provides Software as a Service (SaaS)-based digital product solutions, offering services such as e-commerce store development, web application development, UI/UX design, and website development.</span></p> <p><span style="font-size:14px">The company specialises in Shopify application development, focusing on applications that enhance the functionality and performance of Shopify e-commerce stores.</span></p> <p><span style="font-size:14px">The company has demonstrated strong financial performance, with revenue from operations growing 6.3 percent year-on-year to Rs 6.66 crore in FY24 from Rs 6.26 crore in FY23.</span></p> <p><span style="font-size:14px">More impressively, Identixweb reported profit after tax of Rs 2.76 crore in FY24, representing a substantial 105 percent increase from Rs 1.34 crore in the previous fiscal year.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41630 https://knnindia.co.in/news/newsdetails/msme/identixweb-shares-make-modest-gains-in-bse-sme-debut 2025-04-03 18:00:08 knnindia.co.in