Identixweb Limited IPO

Incorporated in 2017, Identixweb Limited is a technology company specializing in Shopify app development and custom web solutions. The company offers services including Shopify app development, web app development using PHP and React, and WordPress plugin development.

With over 50 professionals, Identixweb has developed more than 35 public Shopify apps and completed over 100 projects, serving various industries such as e-commerce, fashion, fintech, and SaaS.

Services:

  • Shopify Application Development: The company builds Shopify apps to enhance store functionality, streamline operations, and boost sales.
  • Node.js Development: The company uses Node.js to create fast, efficient servers for responsive websites and applications.
  • PHP Development: The company develops PHP-based websites and apps for dynamic, interactive, and database-integrated web experiences.
  • Web Application Development: The company creates user-friendly web applications for shopping, email, and social networking across devices.

Products Portfolio:

  • Stellar Delivery Date & Pickup: This app is a solution for order delivery management.
  • iCart Cart Drawer Cart Upsell: Grow your Shopify store’s average order size with iCart’s complete cart upsell & cart cross-sell solution for growth-focused Shopify merchants.
  • TablePress – Data Tables: TablePress allows you to create tables that can be embedded into blogs, pages, or text widgets with a simple shortcode.
  • WordPress Plugin: With this you can accelerate online sales with an outstanding WooCommerce upsell plugin, driving more conversions and boosting your revenue effortlessly.

As of February 28, 2025, the company has a total of 64 Employees.

Competitive Strengths:

  • Skilled Professional Team and Strong Leadership
  • Tailored Solutions
  • Comprehensive Development Services
  • Client-Centric Approach
  • Innovation and Adaptability

Identixweb Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 2023
Assets14.5711.966.13
Revenue4.796.666.27
Profit After Tax22.771.35
Net Worth12.310.294.67
Reserves and Surplus4.942.934.59
Total Borrowing0.110.110.46
Amount in ₹ Crore

Key Performance Indicator (KPI)

The market capitalization of Identixweb IPO is Rs 56.38 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE37.70%
ROCE57.25%
RoNW27.39%
PAT Margin44.86
Price to Book Value3.84
 Pre IPOPost IPO
EPS (Rs)3.763.84
P/E (x)14.3614.07
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Objects of the Issue (Identixweb IPO Objectives)

The Company Identixweb IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No.Objects of the IssueExpected Amount (in Millions)
1Investment in marketing to support organization’s growth plans in India or Outside India25
2Investment into market research and product development through Talent Hiring for the issuer company42
3Investment in the Subsidiary for Product Development through Talent Hiring41.58
4General Corporate Purposes 

Identixweb IPO Details

IPO DateMarch 26, 2025 to March 28, 2025
Listing Date[.]
Face Value₹10 per share
Issue Price Band₹51 to ₹54 per share
Lot Size2,000 Shares
Total Issue Size30,80,000 shares
(aggregating up to ₹16.63 Cr)
Fresh Issue30,80,000 shares
(aggregating up to ₹16.63 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share Holding Pre Issue73,61,550 shares
Share Holding Post Issue1,04,41,550 shares
Market Maker Portion1,54,000 shares

Identixweb IPO Promoter Holding

Mr. Priyankkumar Jivarajbhai Savani, Mr. Ankur Jagdishbhai Lakhani & Mrs. Hiral Ankurbhai Lakhani are the promoters of the company.

Share Holding Pre Issue89.34%
Share Holding Post Issue63.02%

SHARIAH SCREENING for - Identixweb Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

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