Identixweb Limited, an IT firm specializing in Software as a Service (SaaS)-based digital product solutions, is set to launch its Identixweb Limited IPO on March 26, 2025.
The company focuses on e-commerce store development, web app development, UI/UX design, website development, customized software development, and notably, Shopify application development.
Their product lineup includes over 10 conversion-optimized Shopify applications tailored to customer needs, serving a global clientele across various sectors.
IPO Details:
- Opening Date: March 26, 2025
- Closing Date: March 28, 2025
- Allotment Date: April 1, 2025
- Issue Type: Book Built Issue
- Issue Size: Approximately ₹16.63 crores
- Price Band: ₹51 to ₹54 per share
- Face Value: ₹10 per share
- Refund Initiation Date: April 2, 2025
- Shares Credit to Demat: April 2, 2025
- Listing Date: April 3, 2025
Promoters:
The company is promoted by:
- Mr. Priyankkumar Jivarajbhai Savani
- Mr. Ankur Jagdishbhai Lakhani
Financial Performance:
As of March 31, 2024, Identixweb Limited reported:
- Revenue: ₹6.66 crores (up from ₹6.27 crores in 2023)
- Net Profit: ₹2.77 crores (up from ₹1.35 crores in 2023)
- Number of Employees: 60
Investors can apply for the Identixweb IPO online using either UPI or ASBA as a payment method. ASBA IPO applications can be processed through net banking of your bank account, while UPI IPO applications are also offered by brokers, though they don’t handle any banking services.
Identixweb Limited IPO Lot Size
Here is the lot size details for Identixweb Limited IPO:
| Application | Lots | Shares | Amount |
| Retail (Minimum) | 1 | 2,000 | ₹1,08,000 |
| Retail (Maximum) | 1 | 2,000 | ₹1,08,000 |
| HNI (Minimum) | 2 | 4,000 | ₹2,16,000 |
- Retail Investors (Minimum Investment): 1 Lot (2,000 shares) = ₹1,02,000 (at ₹51) or ₹1,08,000 (at ₹54)
- High Net Worth Individuals (HNI) (Maximum Investment): Can apply in multiples of 2,000 shares.
About Identixweb Limited
Identixweb Limited is an IT company specializing in Software as a Service (SaaS)-based digital solutions. The company focuses on e-commerce store development, web applications, UI/UX design, website development, and customized software solutions, with a particular emphasis on Shopify app development.
Key Highlights:
- Founded: Identixweb Limited has been actively serving global clients with its innovative SaaS solutions.
- Headquarters: India
- Industry: Information Technology (IT) & SaaS-based solutions
- Specialization: Shopify application development, web development, and digital solutions.
- Client Base: The company serves a global customer base across multiple industries.
Product Offerings:
Identixweb Limited has developed more than 10 Shopify applications designed to enhance e-commerce operations. Some of their popular Shopify apps include:
- iCart Cart Drawer Cart Upsell – For cart upselling and cross-selling.
- Order Delivery Date – Helps manage and schedule deliveries for e-commerce businesses.
- All-in-One Metafields – A tool for managing metafields in Shopify stores.
The company is launching its Initial Public Offering (IPO) from March 26 to March 28, 2025, to raise funds for marketing, product development, and hiring new talent.
Identixweb Limited Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | Mar 2023 |
| Assets | ₹14.57 Crores | ₹11.96 Crores | ₹6.13 Crores |
| Revenue | ₹ 4.79 Crores | ₹6.66 Crores | ₹6.27 Crores |
| Profit After Tax | ₹2 Crores | ₹2.77 Crores | ₹1.35 Crores |
| Net Worth | ₹12.3 Crores | ₹10.29 Crores | ₹4.67 Crores |
| Reserves and Surplus | ₹4.94 Crores | ₹2.93 Crores | ₹4.59 Crores |
| Total Borrowing | ₹0.11 Crores | ₹0.11 Crores | ₹0.46 Crores |
Key Performance Indicator
| KPI | Values |
| ROE | 37.70% |
| ROCE | 57.25% |
| RoNW | 27.39% |
| PAT Margin | 44.86 |
| Price to Book Value | 3.84 |
Objects of the Issue
The objects of the issue for Identixweb Limited IPO refer to how the company plans to utilize the funds raised from the IPO. The key purposes include:
- Investment in Marketing & Growth – The company aims to expand its domestic and international market reach by increasing marketing efforts.
- Product Development & Innovation – The funds will be used for research and development, improving existing Shopify applications, and creating new digital solutions.
- Talent Acquisition & Business Expansion – A portion of the proceeds will go toward hiring skilled professionals to enhance product development and customer support services.
- Investment in Subsidiary – The company plans to allocate funds to its subsidiary for further growth and development.
- General Corporate Purposes – The IPO proceeds will also be used for operational expenses, working capital needs, and overall business expansion.
- IPO-related Expenses – A portion of the funds will cover the costs associated with the IPO process, including legal, administrative, and regulatory expenses.
Strengths of Identixweb Limited IPO
- Specialization in Shopify App Development – Identixweb Limited focuses on Shopify applications, a fast-growing e-commerce platform, giving it a niche advantage.
- SaaS-Based Revenue Model – The company earns recurring revenue through its Software-as-a-Service (SaaS) model, ensuring financial stability and long-term growth.
- Global Customer Base – Serving clients worldwide, Identixweb benefits from diversified revenue streams and reduced dependence on a single market.
- Strong Financial Growth – The company has shown consistent revenue and profit growth in recent years, indicating business scalability.
- Expansion and Innovation Plans – The IPO proceeds will be used for marketing, product development, and talent acquisition, helping the company expand further.
- Growing E-commerce Industry – As online shopping continues to rise, demand for e-commerce tools like Shopify apps is expected to grow, benefiting Identixweb.
Risks of Identixweb Limited IPO
- Highly Competitive Industry – The IT and SaaS market is competitive, with larger players and continuous technological advancements posing challenges.
- Reliance on Shopify Ecosystem – A significant portion of Identixweb’s business depends on Shopify; any changes in Shopify’s policies or competition within the ecosystem can impact the company.
- Customer Retention Risk – In the SaaS industry, maintaining a low churn rate (customer retention) is crucial, and high competition could lead to losing customers.
- Market Volatility & Economic Uncertainty – Fluctuations in global markets and economic downturns can affect client spending on SaaS solutions.
- Regulatory and Compliance Risks – As a tech company dealing with global customers, compliance with data protection laws and evolving regulations is a key challenge.
- Execution Risk – The success of the IPO depends on the company effectively utilizing the raised funds for expansion, which is not guaranteed.
Give Identixweb Limited Contact Details
Identixweb Limited is a leading Shopify app development company based in Surat, Gujarat, India. You can reach them through the following contact details:
- Address: Shop-806, 8th Floor, R.J.D. Business Hub, Wing B, Nagina Wadi, Kasha Nagar Road, Katargam, Surat, Gujarat, 395004, India. Zaubacorp
- Phone: (+91) 9510888111 LinkedIn
- Email: info@identixweb.com LinkedIn
- Website: https://www.identixweb.com/
Please note that the company was formerly known as Identixweb Private Limited before becoming Identixweb Limited on December 21, 2023.
Identixweb IPO Registrar
The registrar for the Identixweb Limited IPO is Skyline Financial Services Private Limited.
Contact Details:
- Address: D-153A, 1st Floor, Okhla Industrial Area, Phase-I, New Delhi – 110020, India.
- Phone: +91-11-40450193-97
- Email: info@skylinerta.com
- Website: www.skylinerta.com
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