iValue Infosolutions IPO opens today with modest GMP. Should you bid?

iValue Infosolutions IPO will open for subscription. The Rs 560 crore issue closes on September 22. The price band is Rs 284–299 per share. The company seeks a valuation of Rs 1,601 crore. The IPO allocates shares to QIBs, retail investors, and non-institutional investors. Shares are expected to list on NSE and BSE on September 26.