New Delhi, Sept. 19 -- The initial public offer (IPO) of Ivalue Infosolutions opened on September 18 and will close for subscription on September 22.

The Rs.560.29 crore IPO, had fixed a price band in the range of Rs.284-299 apiece.

As of the end of Day 1, Ivalue Infosolutions IPO was booked 0.28 times, as the issue received bids for 37.36 lakh shares as against 1.31 crore shares on offer.

The retail portion of the IPO was booked 0.46 times, the non-institutional investor (NII) part was subscribed 0.23 times, while the bidding for the qualified institutional buyer (QIB) segment was not booked at all.

Ivalue Infosolutions IPO is seeing a decent premium in the grey market. The IPO's GMP stands at Rs.15, indicating that shares are tradin...