Creador backed iValue Infosolutions Limited files DRHP with SEBI for IPO

iValue Infosolutions Limited, one of the fastest growing technology services and solutions integrator in India (as per Frost & Sullivan report), has filed the draft red herring prospectus with capital markets regulator, SEBI to float an initial public offering (IPO)

The IPO of the Bengaluru-based company is a complete Offer for Sale (OFS) of up to 1,87,39,000 (1.87 crore) Equity Shares of face value of Rs. 2 each by the Selling Shareholders.

The Promoter Selling Shareholders Sunil Kumar Pillai, Krishna Raj Sharma and Srinivasan Sriram are together offloading 22,42,197 (22 lakh) equity shares; and the Investor Selling Shareholder Sundara (Mauritius) Limited, an affiliate of private equity firm Creador shall be offloading 1,11,37,051 (1.11 crore) equity shares. Nine Individual Selling Shareholders will be offloading 53,59,752 (53 lakh) equity shares.

iValue Infosolutions is an enterprise technology solutions specialist, offering comprehensive, purpose-built solutions for securing and managing digital applications and data. It primarily serves large enterprises in their digital transformation by working with System Integrators and OEMs to identify, recommend and deploy solutions meeting their requirements, aimed at ensuring performance, availability, scalability and security of digital applications and data.

Established in 2008, iValue Infosolutions has offices across eight locations in India. Additionally, it is also present in six international locations – Singapore, Bangladesh, Sri Lanka, UAE, Cambodia and Kenya.

As on Fiscal 2024, Gross sales billed to the Customers from its various solution verticals – Cybersecurity, Information Lifecycle Management, Data Center Infrastructure, Application Lifecycle Management, Hybrid Cloud and Professional and Managed Services was Rs. 2,110 crores, while Revenue from Operations was Rs. 780 crores.

As per the DRHP, there are no listed companies or peers in India that engage in a business which is similar to that of iValue Infosolutions, which is uniquely positioned in the large and fast-growing technology solutions and associated services market in India and other neighbouring economies.

IIFL Securities Limited and Motilal Oswal Investment Advisors Limited are the book-running lead managers (BRLMs) to the issue.

The equity shares are proposed to be listed on BSE and NSE.