Question 1: What is the overview of the company?

​Identixweb Limited is a technology firm specializing in e-commerce solutions, particularly in Shopify app development, WordPress plugins, and custom web application development. Established in 2015 and headquartered in Surat, India, the company has grown to employ over 60 professionals, including developers, project managers, UI/UX designers, quality analysts, and SEO experts. ​

The company’s mission is to simplify online business operations by offering tailored solutions that enhance store functionality, automate workflows, and improve customer experiences. Their expertise encompasses various services such as:​

• Shopify App Development: Creating scalable, high-performance apps that optimize e-commerce storefronts and maximize revenues. ​
• Web Application Development: Developing secure, reliable, and responsive web applications that align with brand goals. ​
• Node.js and React.js Development: Providing end-to-end development services using modern technologies to meet diverse business needs. ​

Identixweb’s commitment to innovation is reflected in their suite of Shopify applications, which includes features like in-cart upsell and cross-sell, WooCommerce upsell plugins, and more. These tools are designed to enhance online stores’ functionality and boost sales. ​

The company has experienced steady growth over the years. In 2020, Identixweb expanded to a larger office in Surat with 30-40 employees and opened another branch in Ahmedabad in 2022. By 2024, the team had grown to over 60 employees, marking significant milestones in their journey. ​

Identixweb’s dedication to quality and customer satisfaction has positioned them as a reputable player in the e-commerce development industry, continually striving to make online business operations easier, faster, and more effective.​

Product wise Revenue Bifurcation:

Geography wise Revenue Bufrication :

State wise Revenue Bufricaiton:

Country wise Revenue Bifurcation:

Dependency of Top 10 customers:

Question 2: Who are the promoters of the company?

​Identixweb Limited’s promoters are Mr. Priyankkumar Jivarajbhai Savani, Mr. Ankur Jagdishbhai Lakhani, and Mrs. Hiral Ankurbhai Lakhani. ​

Mr. Priyankkumar Jivarajbhai Savani serves as the Chairman and Managing Director of Identixweb Limited. He has been associated with the company since 2019 and brings over 13 years of expertise in Shopify application development. Specific details regarding his educational background are not provided in the available sources.​

Mr. Ankur Jagdishbhai Lakhani is the Whole-Time Director of the company. Similar to Mr. Savani, he has been with Identixweb since 2019 and also possesses over 13 years of experience in Shopify application development. Information about his educational qualifications is not disclosed in the available sources.​

Mrs. Hiral Ankurbhai Lakhani is listed as one of the promoters of Identixweb Limited. However, specific details about her role within the company, educational background, and professional experience are not available in the provided sources.​

Collectively, the promoters have played a significant role in the company’s growth, leveraging their extensive experience in Shopify application development.

Question 3: How Company performed in the past?

Question 4: How much money is the company raising and why?

In the IPO, the company is offering 30.80 Lakh shares, priced at INR 51-54 per share, aggregating to total of INR 16.63 Cr. with a lot size of 2000 shares. For the purpose of.

Investment in marketing to support organisation’s growth plans in India or Outside India -INR 2.5 Cr.

Investment into market research and product development through Talent Hiring for the issuer company – INR 4.2 Cr.

Investment in Subsidiary i.e Munim ERP Private Limited for Product Development through talent hiring – INR 4.15 Cr.

General Corporate Purposes- INR 5.78 Cr.

Question 5: Valuation of the company and comparison with other companies

Strengths:

1. Specialized Expertise: With a focus on Shopify app development, Identixweb caters to a growing market of e-commerce businesses seeking tailored solutions to enhance their online storefronts.​
2. Diverse Service Portfolio: Beyond Shopify apps, the company offers WordPress plugins and custom web applications, providing multiple revenue streams and reducing dependency on a single product line.​
3. Experienced Leadership: Led by promoters with over 13 years of experience in Shopify application development, the company benefits from seasoned leadership guiding its strategic direction.​
4. Steady Growth: The expansion from a small team to over 60 professionals by 2024 indicates a positive growth trajectory and the ability to scale operations effectively.​

Weaknesses:

1. Limited Public Information on Promoters: While the promoters have extensive experience, specific details about their educational backgrounds and prior ventures are not publicly disclosed, which may raise transparency concerns among potential investors.​
2. Concentration Risk: A significant focus on Shopify app development could pose risks if market dynamics shift or if Shopify’s platform undergoes changes that affect third-party developers.​
3. Competitive Market: The e-commerce solutions industry is highly competitive, with numerous players offering similar services. Identixweb must continually innovate to maintain its market position.​
4. Operational Challenges with Rapid Expansion: Rapid growth can lead to operational challenges, such as maintaining service quality and company culture, which Identixweb needs to manage effectively.

Company Details:

• Name: Identixweb Limited​
• Corporate Identity Number (CIN): U72100GJ2017PLC098473 ​
• Headquarters: Surat, Gujarat, India ​
• Founded: 2015 ​
• Industry: Software Development ​
• Services:
  • Shopify App Development​
  • Web Application Development
  • Node.js and React.js Development​
  • WordPress Plugin Development

Transfer Agent:

The registrar and transfer agent (RTA) for Identixweb Limited’s IPO is Bigshare Services Private Limited. They will handle the share allocation and transfer processes associated with the IPO. ​

Contact Information for Bigshare Services Private Limited:

• Address: Not specified in the available sources.​
• Phone: Not specified in the available sources.​
• Email: Not specified in the available sources.​
• Website: Not specified in the available sources.

FAQs on Identixweb IPO

1. What is Identixweb Limited?

Identixweb Limited is a technology company specializing in e-commerce solutions, primarily developing Shopify apps, WordPress plugins, and custom web applications.

2. When is the Identixweb IPO opening?

The Identixweb IPO is set to open on March 26, 2025, and will close on March 28, 2025.

3. What is the price band for Identixweb IPO?

The IPO price band is set between ₹51 to ₹54 per share.

4. What is the issue size of the IPO?

The total issue size of the Identixweb IPO is approximately ₹16.63 crore.

5. What is the lot size for Identixweb IPO?

Investors must apply for a minimum of 2,000 shares per lot.

6. Who are the promoters of Identixweb Limited?

The company’s promoters are Mr. Priyankkumar Jivarajbhai Savani, Mr. Ankur Jagdishbhai Lakhani, and Mrs. Hiral Ankurbhai Lakhani.

7. What are the strengths of Identixweb?

• Strong expertise in Shopify app development
• Diversified service portfolio, including web development and WordPress plugins
• Experienced leadership with over 13 years of experience
• Growing market demand for e-commerce solutions

8. What are the risks and weaknesses of Identixweb?

• High dependency on Shopify’s ecosystem
• Intense competition in the e-commerce solutions space
• Limited publicly available financial details on the promoters

9. Who is the registrar and transfer agent for Identixweb IPO?

The registrar and transfer agent (RTA) for the IPO is Bigshare Services Private Limited.

10. Where will Identixweb Limited be listed?

Identixweb Limited is expected to be listed on the BSE SME Exchange.

11. How can I apply for the Identixweb IPO?

You can apply through:

• UPI-based applications via your broker’s platform (Zerodha, Angel One, Upstox, etc.)
• ASBA (Application Supported by Blocked Amount) via net banking from banks like SBI, ICICI, HDFC, etc.

12. What is the expected listing date for Identixweb IPO?

The tentative listing date for Identixweb IPO is April 3, 2025.

13. How can I check the allotment status for Identixweb IPO?

You can check the IPO allotment status on the registrar’s website (Bigshare Services) or the BSE website by entering your application number or PAN.

14. What is the objective of Identixweb’s IPO?

The company aims to use the funds raised for:

• Business expansion and product development
• Working capital requirements
• General corporate purposes

15. Should I invest in Identixweb IPO?

This depends on your risk appetite and investment goals. Identixweb operates in a fast-growing sector, but investors should analyze financials, growth prospects, and risks before making a decision.