Inventurus Knowledge Solutions IPO Receives Strong Demand, Subscription 3.57 Times Oversubscribed
The Inventurus Knowledge Solutions IPO, backed by Rekha Rakesh Jhunjhunwala, has experienced a strong finish on its final day of bidding, with the issue being oversubscribed by 3.57 times. As per the latest stock exchange data, investors have bid for 3.7 crore shares against the available 1.03 crore shares.
Investor Demand Across Categories
The IPO saw impressive demand from all investor categories:
- Retail Investors: Subscribed 5.8 times their allocated share quota.
- Non-Institutional Investors: Subscribed 5.4 times their allocated share quota.
- Qualified Institutional Buyers (QIBs): Subscribed 1.9 times their allocated share quota.
- Employee Quota: Subscribed 2.59 times.
Grey Market Premium (GMP) and Expected Listing Price
The Grey Market Premium (GMP) for the Inventurus Knowledge Solutions IPO has seen a slight dip to Rs 406 from Rs 425 on Friday. Based on the upper price band of Rs 1,329, the expected listing price for the shares is Rs 1,735, reflecting a 30% premium over the issue price.
IPO Overview and Timeline
The Rs 2,498-crore IPO consists entirely of an Offer for Sale (OFS) of 1.88 crore shares, with no fresh funds being raised by the company. All the proceeds will go directly to the selling shareholders.
The IPO’s final allotment is expected to be finalized by December 17, with shares slated to list on both BSE and NSE on December 19. The IPO, which had its price band set between Rs 1,265 and Rs 1,329 per share, has already garnered Rs 1,120 crore from anchor investors, showcasing significant institutional confidence.
As the issue closes today, December 16, the strong demand and positive market sentiment indicate that Inventurus Knowledge Solutions is set for a promising debut on the stock exchanges.
