The shares of Inventurus Knowledge Solutions Health Care IPO being debuted on December 19 were listed on the National Stock Exchange (NSE) on the same day at Rs 1900; a 42.96% premium over the issue price. The price band for the offering for the long waited IPO was fixed at between Rs 1,265 and Rs 1,329 per share and the lot size was 11 shares. This listing on Thursday took the company to a market capitalisation of Rs 32,977.22 crore.
The listing performance of IKS was higher compared to GMP that is the unofficial market trading of IPO shares before establishing the official listing. Inventurus Knowledge Solutions made its debut at the Bombay Stock Exchange (BSE) at Rs 1,856 per share which was a 40 percent prem from the IPO allotment price.
Before the Thursday listing, the company’s unlisted shares were trading at a GMP of Rs 421 in the grey market – way above its issue price of Rs 1,329 – or 31.68%. The IPO of Inventurus Knowledge Solutions was subscribed 52.68 times by the close of the IPO subscription on Monday December 16 last year. The public offering was a firm offer for sale containing 18, 795, 510 number of shares of face value of Rs. 1 each.
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