Identixweb IPO Closed
Already have an account? Apply now
Schedule of Identixweb
| Issue open date | 26 Mar 2025 |
| Issue close date | 28 Mar 2025 |
| UPI mandate deadline | 28 Mar 2025 (5 PM) |
| Allotment finalization | 01 Apr 2025 |
| Refund initiation | 02 Apr 2025 |
| Share credit | 02 Apr 2025 |
| Listing date | 03 Apr 2025 |
| Mandate end date | 12 Apr 2025 |
| Lock-in end date for anchor investors (50%) | 30 Apr 2025 |
| Lock-in end date for anchor investors (remaining) | 30 Jun 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Identixweb
Incorporated in 2017, Identixweb is an IT company that provides SaaS-based digital product solutions with a strong focus on Shopify application development. The company offers services such as e-commerce store development, web and mobile app development, UI/UX design, custom software solutions, and ongoing support. Identixweb specializes in creating conversion-optimized Shopify apps that enhance store performance, customer engagement, and operational efficiency. With over 10 custom-built Shopify applications, the company serves clients across various industries worldwide. Identixweb has two subsidiaries: Identixweb LLC and Munim ERP Private Limited. Munim ERP, based in Surat, India, develops ERP and accounting software tailored for GST compliance and business process management.
Financials of Identixweb
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹16.63 crores |
| Fresh Issue | ₹16.63 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Investing in marketing | 2.50 (15.03%) |
| Investment in market research and product development | 4.2 (25.25%) |
| Investment in Subsidiary | 4.17 (25.02%) |
| Issue-related expenses and others | 1.61 (9.7%) |
| General corporate purposes | 4.15 (25%) |
Strengths
- Skilled team and leadership driving innovation and strategic direction.
- Customized Shopify solutions enhancing performance and user experience.
- Broad development services supporting diverse business technology needs.
- Strong client focus ensuring tailored, growth-oriented digital solutions.
- Constant innovation adapting to new trends and technologies.
- High standards in quality assurance and project management delivery.
- Dependable support and maintenance ensuring seamless client operations.
Risks
- Heavy reliance on single customer, Shopify Inc, for revenue.
- Legal proceedings involving promoters and directors may affect operations.
- Any failure in service delivery may hurt business.
- Inability to protect intellectual property can impact our growth.
- Inadequate skilled workforce may affect business performance and expansion.
- Failure to adapt with technology may harm our competitiveness.
- Delay in getting required approvals may disrupt operations
Allotment Status for Identixweb
To check your allotment status – click here.
Subscription Figures for Identixweb
Subscription numbers as of 5:00 PM on 28 Mar 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 5.84 | 65.36 | 11.19x |
| HNI (₹2L+) | 4.40 | 323.22 | 73.46x |
| Retail (upto ₹2L) | 10.26 | 147.56 | 14.38x |
| Total | 20.50 | 536.14 | 26.15x |