We hereby submit Annual report of Financial year 2024-25.
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Identixweb Limited, a Surat-based SaaS company specializing in Shopify app development, has submitted its Annual Report for FY 2024-25. The company recently listed on the BSE SME platform on April 3, 2025, after a successful IPO that raised ₹1,663.20 Lakhs. Total revenue for FY 2024-25 stood at ₹853.38 Lakhs, registering a strong 34.84% year-on-year growth. The company reported an operating margin of 72.73% and a net profit margin of 45.74%. Identixweb serves over 12,000 global Shopify merchants with 12+ apps and continues to explore AI-driven features for its product portfolio.
Positive for shareholders — the company delivered strong revenue growth of ~35% with healthy margins post-IPO, suggesting solid business traction. The SME listing and fresh capital from the IPO provide room for expansion, though SME-listed stocks typically carry higher risk and lower liquidity.