Inventurus Knowledge Solutions IPO Day 3: GMP up 30%, other key details of this Rekha Jhunjhunwala-backed IPO

The Inventurus Knowledge Solutions (IKS) IPO which opened for subscription on December 12 is drawing significant attention from investors, largely driven by its impressive Grey Market Premium (GMP) The Rs 2,497.92 crore issue, set to close today, December 16, has been generating buzz, especially due to its strong performance in the grey market.

Here’s a breakdown of the GMP price, subscription status, listing and all the key details you need to know about this issue.

Grey Market Premium (GMP)

The GMP for Inventurus Knowledge Solutions IPO has seen a substantial rise, and as of the recent trend, it now stands at Rs 405 per share, indicating an estimated listing price of Rs 1,734 based on the upper price band, which suggests a 30 per cent premium.

One of the key factors for the surge in the GMP is the backing of Rekha Jhunjhunwala, a well-known figure in the investment community. Her backing is seen as a stamp of approval, attracting further interest from retail and institutional investors.

Also Read: Vishal Mega Mart IPO allotment on December 16; Here’s how you can check status online on Kfin Technologies

Additionally, other factors that can be considered for the rise are the IPO’s favorable subscription trends, particularly the high demand in the retail category, further contributing to the positive market sentiment.

Allotment and Listing

The Allotment of Inventurus Knowledge Solutions IPO is expected to be finalised on December 17.

Furthermore, the company is planning to list on BSE and NSE on December 19.

IPO Highlights

Backed by Rekha Jhunjhunwala, Inventurus Knowledge Solutions is a mainboard public issue, aiming to raise Rs 2,497.92 crore through its book-built IPO.

The issue comprises a combination of a fresh issue and an offer-for-sale (OFS) of 1.87 crore shares with a face value of Rs 1 each. The price range for the offering is set by the company between Rs 1,265 and Rs 1,329 per share, and investors can apply for a minimum of 11 shares per lot.

As of 9:59 AM i.e Day 3 of the issue, the Inventurus Knowledge Solutions IPO has been subscribed 2.71 times so far. The subscription includes 4.49 times in the retail category, 1.89 times in the QIB category, and 3.16 times in the NII category.

 » Read More

Related Articles

It’s slow going at Indiamart

It’s been a rough couple of years for IndiaMart InterMesh but Dinesh Agarwal is betting things will look up. The CEO of the country’s biggest B2B portal, which caters to small enterprises, is hopeful the pace of customer additions will perk up. Since June, 2023 just about 2,000-3,000 customers have been added every quarter compared

Explained: Why is GST on caramelized popcorn higher? A detailed analysis

The Goods and Services Tax (GST) Council Meeting, headed by Finance Minister Nirmala Sitharaman invited mixed reaction after it announced that pre-packed and labelled ready-to-eat popcorn will attract a 12 per cent tax while caramelized popcorn would attract an 18 percent GST. On 21st December, the Ministry of Finance, in a release, clarified that “ready

Are markets closed on December 25, 2024?

Stock Market Closed on Christmas: The market will remain closed for three days this week. This is because of the mid-week Christmas holiday on December 25. This holiday will be followed by the usual weekend closures on Saturday, December 28 and Sunday, December 29, making this a holiday-shortened trading week. Christmas, celebrated on December 25

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

It’s slow going at Indiamart

It’s been a rough couple of years for IndiaMart InterMesh but Dinesh Agarwal is betting things will look up. The CEO of the country’s biggest B2B portal, which caters to small enterprises, is hopeful the pace of customer additions will perk up. Since June, 2023 just about 2,000-3,000 customers have been added every quarter compared

Explained: Why is GST on caramelized popcorn higher? A detailed analysis

The Goods and Services Tax (GST) Council Meeting, headed by Finance Minister Nirmala Sitharaman invited mixed reaction after it announced that pre-packed and labelled ready-to-eat popcorn will attract a 12 per cent tax while caramelized popcorn would attract an 18 percent GST. On 21st December, the Ministry of Finance, in a release, clarified that “ready

Are markets closed on December 25, 2024?

Stock Market Closed on Christmas: The market will remain closed for three days this week. This is because of the mid-week Christmas holiday on December 25. This holiday will be followed by the usual weekend closures on Saturday, December 28 and Sunday, December 29, making this a holiday-shortened trading week. Christmas, celebrated on December 25

Global action at this hour – Here are top 5 global cues to watch ahead of market opening

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a subdued start on Monday following Asian markets opening on a higher note in early trade hours.  Previously, on Friday, the NSE Nifty 50 closed the session 364 points or 1.52% lower at 23,587, while the BSE Sensex slipped 1,176

Flying High: Adani Group to acquire 85.8% stake in Air Works for Rs 400 crore

Adani Enterprises on Monday announced that its wholly owned subsidiary, Adani Defence Systems & Technologies Ltd (ADSTL) has signed a share purchase agreement to acquire 85.8 per cent shareholding in Air Works India (Engineering) Private Limited, a private sector MRO company with a pan-India footprint. The cost of acquisition would be at an enterprise value