Inventurus Knowledge Solutions IPO GMP Rises 30%: Key Details Inside
Inventurus Knowledge Solutions IPO sees a GMP surge of 30%, signaling strong demand. Backed by Rekha Jhunjhunwala, this ₹2,497.92 crore IPO closes today. Learn about its allotment date, listing, and subscription status for informed investing.
The Inventurus Knowledge Solutions IPO has captured significant attention in the market, thanks to its robust Grey Market Premium (GMP) and strong backing by noted investor Rekha Jhunjhunwala. Scheduled to close on December 16, 2024, this ₹2,497.92 crore public issue has been creating a buzz among retail and institutional investors alike.
Grey Market Premium (GMP) Soars
The GMP for Inventurus Knowledge Solutions IPO has surged by 30%, now standing at ₹405 per share. This indicates an estimated listing price of ₹1,734 per share, offering a significant 30% premium on the upper price band of ₹1,329. The rising GMP reflects high market confidence and robust demand for the IPO, further fueled by the reputation of its backer, Rekha Jhunjhunwala.
IPO Subscription Status
As of Day 3 (9:59 AM), the Inventurus Knowledge Solutions IPO has been subscribed 2.71 times. Here’s a breakdown of the subscription figures:
- Retail Category: 4.49 times
- Qualified Institutional Buyers (QIBs): 1.89 times
- Non-Institutional Investors (NIIs): 3.16 times
This strong response, particularly in the retail category, has contributed to the bullish sentiment surrounding the IPO.
Allotment and Listing Dates
The allotment of shares for the Inventurus Knowledge Solutions IPO is expected to be finalized on December 17, 2024. Successful allottees will receive shares in their Demat accounts ahead of the anticipated listing date of December 19, 2024 on both the BSE and NSE.
IPO Highlights
- Issue Size: ₹2,497.92 crore
- Price Band: ₹1,265 to ₹1,329 per share
- Lot Size: Minimum 11 shares per lot
- Issue Type: Combination of fresh issue and offer-for-sale (OFS) of 1.87 crore shares
The IPO is considered fully priced, with a P/E ratio of 54.67 based on FY25 earnings.
About Inventurus Knowledge Solutions
Inventurus Knowledge Solutions (IKS) is a leading name in the knowledge solutions industry, offering specialized services in analytics and business process management. With a strong track record of profitability, the company’s focus on technology and innovation has attracted considerable investor interest.
Factors Driving Investor Interest
- Backing by Rekha Jhunjhunwala: Her involvement lends credibility and boosts investor confidence.
- Strong GMP: The premium indicates a positive outlook for the IPO’s listing performance.
- Solid Subscription Figures: High demand across all investor categories reflects broad interest.
Lead Managers and Registrar
The IPO is being managed by top book-running lead managers, including ICICI Securities, Jefferies India, JM Financial, J.P. Morgan India, and Nomura Financial Advisory. The official registrar is Link Intime India, responsible for handling allotment and refunds.
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