New Delhi: Inventurus Knowledge Solutions IPO opened for subscription on December 12, 2024. The price band is set at Rs 1,265-1,329 per share for the Rs 2,498-crore initial public offering (IPO). The initial share sale will close for subscription on December 16. As per the draft papers, the Offer For Sale (OFS) size was 2.82 crore, however, the company reduced its issue size, which now comprises an OFS of 1.88 crore equity shares by promoters and individual shareholders. It may be noted that the company provides services to healthcare enterprises and is backed by Rekha Jhunjhunwala and RARE Enterprises.
A retail investor is required to bid for at least 11 shares (single lot), for which one has to invest Rs 14,619 to apply for the application. The NII category investors are mandated to make a minimum lot size investment of 14 lots forthwith Rs 204,666 investment. The investors planning to apply in the bNII category, have to bid for a minimum 69 lots, amounting to Rs 1,008,711.
- Qualified institutional buyers (QIBs) category: 75 per cent of the issue size reserved.
- Non-institutional investors: 15 per cent reserved while 10 per cent is reserved for retail investors.
Inventurus Knowledge Solutions IPO GMP
Investorgain reported that Inventurus Knowledge Solutions IPO GMP today stood at Rs 422. With the price band of Rs 1329, the shares of the company are estimated to list at Rs 1751, which indicates that the stock would list with nearly 32 per cent premium. It may be noted that grey market figures are not official figures.
Since the Inventurus Knowledge Solutions IPO is completely an OFS, the company will not receive any proceeds from the IPO. The shareholders will be entitled to receive all the funds collected from the issue. At the upper price band, the IPO is estimated at Rs 2,498 crore, which places its market capitalisation at over Rs 22,800 crore.
Inventurus Knowledge Solutions IPO allotment, listing
Inventurus Knowledge Solutions IPO allotment is expected on December 17, 2024 while the process to initiate refunds is likely to begin on December 18. The shares are likely to be credited to the demat accounts of eligible shareholders on 18th December. The stock will list on BSE and NSE with a tentative date December 19.
The company in its IPO papers mentioned that the initial share sale is aimed at gaining the advantages of listing the equity shares on the stock exchanges and also listing on the exchanges will boost firm’s its visibility and brand image.
The article originally appeared on News Nine.