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.
Inventurus Knowledge Solutions IPO: Strong Demand, Grey Market Premium Drops
Background:
Inventurus Knowledge Solutions, a leading provider of customized learning and skill development solutions, is preparing for its initial public offering (IPO). The IPO is backed by prominent investor Rekha Rakesh Jhunjhunwala, the wife of legendary stock market investor Rakesh Jhunjhunwala.
IPO Details:
The IPO opened for subscription on December 7th and closed on December 9th, 2023. The company plans to raise approximately Rs. 250 crore through the issue. The issue price range was set at Rs. 34-36 per share.
Strong Demand:
The IPO has received strong demand from several investor groups, with the issue currently being oversubscribed by 3.57 times. This indicates that there is significant investor interest in the company's offerings.
Grey Market Premium:
The grey market premium for the IPO has dropped, suggesting a 30% premium over the issue price for the stock's expected listing price. This indicates that the stock is likely to trade at a premium on the stock exchange after listing.
FAQs:
Q: What is the company's business? A: Inventurus Knowledge Solutions provides customized learning and skill development solutions to various industries, including education, BFSI, healthcare, and technology.
Q: Who are the key investors backing the IPO? A: The IPO is backed by prominent investor Rekha Rakesh Jhunjhunwala.
Q: What is the issue price range for the IPO? A: The issue price range was set at Rs. 34-36 per share.
Q: When is the IPO listing expected? A: The stock is expected to list on the National Stock Exchange (NSE) and BSE on December 16th, 2023.
Q: What factors could impact the IPO's performance? A: The performance of the IPO could be impacted by factors such as market conditions, company financials, and investor sentiment.
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