As the final days of December tick by, the stock market is experiencing a surge of IPO activity this week. Inventurus Knowledge Solutions, after receiving an overwhelming response from investors, successfully listed its shares on the stock exchanges following its IPO, which ran from December 12 to December 17. This mainboard IPO shares debuted with a 43 per cent premium today.
On the NSE, Inventurus Knowledge Solutions shares opened at Rs 1,900, while on the BSE, they listed at Rs 1,856, a 39.65 per cent gain over the issue price
Grey Market Premium
Ahead of the official listing of the shares of the company on the Indian bourses, the grey market premium (GMP) for Inventurus Knowledge Solutions IPO indicated a solid debut. With the GMP hovering around ₹421 per share, market estimates placed the listing price at Rs 1750 per share, nearly a 31.68 premium to the issue’s upper price band of Rs 1,329, as per the latest trends.
Also Read Why are markets falling today? Here are 4 reasons that’s worrying investors Vishal Megamart, Mobikwik and 3 other IPOs list on NSE, BSE today – Here is all you need to know about new listings RBI Monetary Policy Meeting HIGHLIGHTS: RBI CUTS CRR by 50 bps to 4%, keeps repo rate UNCHANGED, FY25 GDP target revised LOWER to 6.6% Mobikwik IPO GMP, Subscription Status Highlights: Check allotment, listing, and other details
Subscription Numbers
The IPO of Inventurus Knowledge Solutions, a firm in the healthcare operations and analytics set the price band for the issue between Rs 1,265 to Rs 1,329 per share. The IPO offered 1.88 crore shares through a complete offer for sale, raising Rs 2,497.92 crore. On the final day of bidding, Inventurus Knowledge Solutions IPO was subscribed 52.68 times. Qualified Institutional Buyers (QIBs) portion of the mainboard issue was subscribed 80.64 times their reserved portion. Non-Institutional Investors (NIIs) portion bid 23.25 times their quota and retail individual investors (RIIs) segment was subscribed 14.55 times.
Also Read: DAM Capital Advisors IPO 2024 Live Updates: Check IPO price band, subscription status, GMP price, and other details
Inventurus Knowledge Solutions specialises in revenue cycle management (RCM) optimisation, helping US-based healthcare providers enhance operational efficiency.
Anchor Investors
Inventurus Knowledge Solutions public issue secured a substantial sum of Rs 1,120.18 crore from anchor investors ahead of its public offering.
» Read More
