IT company providing SaaS-based digital product solutions identixweb Is going to bring its IPO. The company has filed its Draft Red Herring Prospectus (DRHP) with BSE SME for this. Under this IPO, 3,080,000 fresh equity shares will be issued at the face value of Rs 10 each.
The objective of this IPO is to invest in marketing for the company’s growth plan in India and outside India, to invest in market research and product development through talent hiring for the issuer company, and to invest in the subsidiary company for product development through talent hiring. Have to invest. Along with this, the fund will be used for general corporate purposes.
Beeline Capital Advisors Pvt Ltd has been appointed as the book running lead manager to the issue, while Skyline Financial Services Pvt Ltd will act as the registrar to the issue.
Identixweb business
Identixweb provides Software as a Service (SAAS) based digital product solutions. It provides e-commerce store development, web app development, UI/UX design, website development, customized software development, support, and maintenance with a primary focus on Shopify application development.
The company’s primary goal is to provide online applications that eliminate the need for installation and maintenance. This approach simplifies software management. Its products include more than 10 Shopify applications that are conversion-optimized and designed to meet customers’ needs. As per DRHP report, it provides its products and services in many regions across the world.
Identixweb’s financials
Identixweb’s revenue increased from ₹622.11 lakh in FY 2022-23 to ₹632.90 lakh in FY 2023-24, an increase of 1.73 per cent. The company has reported Revenue of ₹ 632.90 lakh, EBITDA of ₹ 435.05 lakh and PAT of ₹ 283.90 lakh for the period ending March 31, 2024.
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