Identixweb Limited IPO

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Identixweb Limited is a technology-driven enterprise operating in the Software-as-a-Service (SaaS) domain. The company offers end-to-end digital product solutions, with a core emphasis on Shopify application development. Its business model revolves around delivering high-performance, scalable, and customized software products for global e-commerce platforms—most notably Shopify.

The company has positioned itself as a specialist in e-commerce solutions, particularly in developing applications that enhance the functionality and productivity of online stores. Their solutions eliminate the need for complex software installations and maintenance, allowing clients to focus on core business functions while improving customer engagement and operational efficiency.

Product & Service Portfolio

Identixweb Limited offers a diverse range of services and products in the IT and SaaS ecosystem. Below is a snapshot of their offerings:
i. Shopify Application Development                            ii. Web Application Development
iii. UI/UX Design Services                                              iv. Node.js Development
v. PHP Development                                                      vi. React.js Development
vii. Customized Software Development                   viii. Technical Support & Maintenance

Global Presence & Clientele

Identixweb Limited caters to clients across the globe, providing tailored digital solutions to businesses of all sizes. Their strength lies in offering plug-and-play tools for Shopify merchants, helping them gain competitive advantages in the ever-evolving e-commerce ecosystem.

Subsidiaries & Expansion Plans:-
i. Munim ERP Private Limited :-
a. A wholly owned subsidiary based in Surat, India.
b. Specializes in ERP solutions with a focus on accounting and GST compliance.
c. Aims to revolutionize business management through tech-driven software solutions.

ii. Identixweb LLC, USA(Subscription in process) :- The company is in the process of acquiring equity in its U.S. arm—Identixweb LLC, Delaware—indicating a strategic move towards global expansion and client outreach in North America.

Conclusion

Identixweb Limited is emerging as a dynamic, innovation-driven SaaS and digital product solutions company with a strong foothold in Shopify application development. Backed by technical expertise, visionary leadership, a growing international footprint, and a robust portfolio of digital solutions, the company is well-positioned to scale further and strengthen its role in the global e-commerce technology space.

Objects of the Identixweb Limited IPO:

The Company Identixweb IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Investment in marketing to support organization’s growth plans in India or Outside India. ii. Investment into market research and product development through Talent Hiring for the issuer company iii. Investment in the Subsidiary for Product Development through Talent Hiring. iv. General Corporate Purposes.

Identixweb Limited IPO Details:

Open Date: Mar 26 2025
Close Date: Mar 28 2025
Total Shares: 30,80,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 16.63 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 51 - 54 Per Equity Share
Listing At: BSE SME
Listing Date: Apr 03 2025

Promoters And Management:

Mr. Priyankkumar Jivrajbhai Savani, 34, is the Promoter, Chairman, and Managing Director of the Company. He holds BCA and MCA degrees and has 7+ years of experience in Shopify and web development. He was appointed Chairman and MD on May 17, 2024, for a 5-year term. Mr. Ankur Jagdishbhai Lakhani, 34, is the Promoter and Whole-Time Director of the Company. He holds BCA and MCA degrees and has 6+ years of experience in IT, web, and app development. He was appointed Whole-Time Director on May 17, 2024, for a 5-year term. Mrs. Hiral Ankurbhai Lakhani, 35, is the Promoter and Non-Executive Director of the Company. She holds a BA and MA, with 3 years of experience in graphic and web design, along with a background in HR and administration. She was appointed on September 30, 2023.

Financials of Identixweb Limited IPO:

Particular (In Lakh) 6MFY25 Mar-24 Mar-23
Revenue From Operation 471 633 622
EBITDA 294 342 215
EBITDA Margin 62.42% 54.03% 34.57%
PAT 196 270 135
PAT Margin 40.92% 40.54% 21.57%
ROCE 25.96% 45.35% 45.28%
CFOA 127 341 150

Comparison With Peers:

Name of the Companies Revenue (Cr) EBITDA Margin PAT Margin P/E Mcap (cr)
Identixweb Limited 6.33 54.03% 40.54% 20.9 56.3
Kody Technolab Limited 57 34% 24.50% 89 1275
*Forward PE is 14.31 on the basis of FY 25 PAT.

Recommendation on Identixweb Limited IPO:

Lead Manager of Identixweb Limited IPO:

  1. Beeline Broking Limited

Registrar of Identixweb Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

Identixweb Limited Plot No. 240, C. S. No. 1730, 1st Floor, Nehru Nagar, L. H. Road, Sy. No. 46/A+2, TPS-4, Surat – 395006, Phone: +91 9510888111 Email: compliance@identixweb.com Website: http://www.identixweb.com/

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