Is Identixweb Limited IPO Halal or Haram? If you’re looking for a detailed Shariah compliance analysis, you’re in the right place! In this article, we break down whether Identixweb Limited IPO meets Shariah Screening guidelines or not.
Is Identixweb Limited IPO Halal or Not?
The Identixweb Limited IPO is considered halal and Shariah-compliant as it has passed all required screening criteria. Since the company meets both the business and financial screening standards, it is suitable for halal investment. (Allah Knows the Best)
Shariah Compliance Screening of Identixweb Limited IPO
For an IPO or Stocks to be considered Halal, it must pass all the Shariah screening criteria, which include:
| Criteria | Value | Status |
| Business Activity | Technology | ✅ PASS |
| Impermissible Income to Total Revenue | 1.6% | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 0.75% | ✅ PASS |
| Illiquid Assets to Total Assets Ratio | 77.8% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
Identixweb Limited IPO Price Details
| IPO Date | March 26, 2025 to March 28, 2025 |
| Expected Listing Date | Thur, Apr 3, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹51 to ₹54 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 30,80,000 shares(aggregating up to ₹16.63 Cr) |
| Fresh Issue | 30,80,000 shares(aggregating up to ₹16.63 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Pre-Issue Shareholding | 73,61,550 shares |
| Post-Issue Shareholding | 1,04,41,550 shares |
| Market Maker Portion | 1,54,000 shares |
Identixweb Limited IPO Timeline
| IPO Opening Date | Wed, Mar 26, 2025 |
| IPO Closing Date | Fri, Mar 28, 2025 |
| Expected Allotment Date | Tue, Apr 1, 2025 |
| Refund Initiation | Wed, Apr 2, 2025 |
| Shares Credited to Demat | Wed, Apr 2, 2025 |
| Expected Listing Date | Thur, Apr 3, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on March 28, 2025 |
Business Overview – Identixweb Limited
Identixweb Limited is a technology-driven company specializing in custom web development, eCommerce solutions, and app development. With a strong focus on Shopify apps, plugins, and website optimization, the company helps businesses enhance their online presence and streamline operations.
Identixweb offers a range of innovative software solutions, including order management systems, delivery scheduling apps, and conversion optimization tools, catering to global eCommerce brands. Their expertise in UI/UX design, automation, and API integrations ensures seamless user experiences and business growth.
With a commitment to innovation and customer satisfaction, Identixweb Limited continues to develop cutting-edge solutions, helping businesses scale efficiently in the digital marketplace.
Identixweb Limited Financial Information (Restated)
| Category | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | ₹14.57 Cr | ₹11.96 Cr | ₹6.13 Cr |
| Revenue | ₹4.79 Cr | ₹6.66 Cr | ₹6.27 Cr |
| Profit After Tax | ₹2 Cr | ₹2.77 Cr | ₹1.35 Cr |
| Net Worth | ₹12.3 Cr | ₹10.29 Cr | ₹4.67 Cr |
| Reserves & Surplus | ₹4.94 Cr | ₹2.93 Cr | ₹4.59 Cr |
| Total Borrowing | ₹0.11 Cr | ₹0.11 Cr | ₹0.46 Cr |
Conclusion
The Identixweb Limited IPO appeared to be halal and Shariah compliant based on the Shariah screening Standard and the most recent financial report.
However, investors should conduct their own due diligence and review the company’s financials periodically for any changes in compliance.
Disclaimer: The information on Halalfinance.co.in is for educational and informational purposes only and not financial advice. We are not liable for any investment decisions you make; always consult a financial advisor before investing.
Hasan is the founder of HalalFinance.co.in, created after personally struggling to find reliable answers about halal investing in stocks. With a finance background and a passion for helping the Muslim community, He now shares well-researched, transparent, and authentic content to empower Muslims on their path to halal wealth-building.
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