The initial public offering of Inventurus Knowledge Solutions (IKS Health), backed by investor Rakesh Jhunjhunwala, receives a strong response from investors during its bidding process. The company plans to raise Rs 2,497.92 crore through the IPO, with a price band of Rs 1,265-1,329 per share. While reservations were made for various categories of investors, the quota for retail investors was oversubscribed by 11.17 times, indicating a strong demand for the company's shares. Brokerage firms have mostly given a positive outlook on the IPO, citing the company's strong financials, market position, and unique business model.
Inventurus Knowledge Solutions IPO Garners Strong Investor Response
Background
Inventurus Knowledge Solutions (IKS Health) is a leading global provider of knowledge-based digital and technology-enabled translational healthcare solutions. The company specializes in developing end-to-end solutions for healthcare professionals, including medical simulations, medical communication, and healthcare education.
IPO Details
IKS Health's initial public offering (IPO) opened for subscription on September 14, 2021, and closed on September 16. The company plans to raise Rs 2,497.92 crore through the IPO. The price band for the issue was set at Rs 1,265-1,329 per share.
Subscription Details
The IPO received a strong response from investors, with the retail investor quota being oversubscribed by 11.17 times. Qualified institutional buyers (QIBs) subscribed 4.88 times their allotted portion, while non-institutional investors subscribed 1.52 times.
Brokerage Outlook
Brokerage firms have generally given a positive outlook on the IPO. They cite the company's strong financials, market position, and unique business model as key reasons for their optimism.
Top 5 FAQs
1. Who is the promoter of IKS Health?
2. What is the market size of IKS Health's business?
3. What is the company's competitive advantage?
4. What is the company's financial performance?
5. What is the expected listing date of the IPO?
Inventurus Knowledge Solutions' IPO, backed by prominent investor Rekha Rakesh Jhunjhunwala, has received strong demand from several investor groups, with the issue currently being oversubscribed by 3.57 times. The grey market premium for the IPO has also dropped, suggesting a 30% premium over the issue price for the stock's expected listing price. This information is for informational purposes only and should not be used as investment advice.
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