Inventurus Knowledge Solutions Ltd.’s initial public offering (IPO) has received a strong response, with the issue subscribed 3.34 times as of its final day of bidding, Monday, December 16. The subscription figure has steadily increased from 1.36 times on Thursday to 2.65 times on Friday, reflecting growing demand, particularly from retail and non-institutional buyers.
The grey market premium (GMP) for Inventurus Knowledge Solutions’ shares stood at ₹405 as of 9:25 a.m., indicating an estimated listing price of ₹1,734 per share. This suggests a premium of 30.47%, based on the current GMP, pointing to potential strong listing gains.
IPO Details
- Price Band: ₹1,265 to ₹1,329 per share
- Total Issue Size: ₹2,497.92 crore (Offer for Sale)
- Bid Lot: 11 shares
- Listing: BSE and NSE
The IPO, which opened on December 12 and closes today, has been subscribed widely. Among key categories, Qualified Institutional Buyers (QIBs) subscribed 1.89 times, while Non-Institutional Investors (NIIs) and Retail Investors bid 5.04 and 5.19 times, respectively. The employee reserve portion was subscribed 2.28 times.
Company Background
Inventurus Knowledge Solutions, based in Navi Mumbai, provides technology-enabled healthcare solutions, primarily targeting physician enterprises in the US, Canada, and Australia. Their platform supports both outpatient and inpatient care, improving clinical outcomes and helping organizations transition to a value-based care model.
The IPO is backed by Rekha Jhunjhunwala and RARE Enterprises, with Rekha continuing her late husband Rakesh Jhunjhunwala’s legacy of investing in high-potential companies.
Grey Market Performance
As of today, the GMP of ₹405 suggests a potential listing price of ₹1,734 per share, indicating significant gains for those who successfully secure allocations in the IPO. However, it’s important to note that GMP is not an official price but is based on market speculation.
With the IPO closing today, Inventurus Knowledge Solutions will finalize its allotment and set the stage for its listing on BSE and NSE on December 20.
