iValue Infosolutions IPO subscribed 8% on Day 1 so far; GMP at 7%. Should you apply?

iValue Infosolutions IPO opened with 8% subscription on Day 1, supported by 15% retail participation, though institutional bids are yet to flow. The Rs 560 crore offer-for-sale is priced at Rs 284299 per share. Grey market premium at 7% suggests modest listing gains. Analysts recommend subscribing, citing strong OEM partnerships and growth outlook.