IPO GMP: What grey market signals ahead of Inventurus Knowledge Solutions’ IPO listing? | Stock Market News
Source: Live Mint
IPO GMP: The initial public offering (IPO) of Inventurus Knowledge Solutions concluded on Monday, December 16, with a solid subscription of 52.68 times, with investors bidding for 54,61,01,853 shares against 1,03,66,780 shares offered. The retail investor portion was subscribed 14.55 times, the QIB portion was booked 80.64 times, and the segment reserved for NIIs saw a subscription of 23.25 times. The ₹2,498 crore mainboard IPO opened for subscription on Thursday, December 12.
After the subscription, the focus is now on the stock’s listing. As per SEBI’s T+3 rule, a stock must be listed on the stock exchanges three business days after the IPO closing date. Thus, the stock will be listed on Thursday, December 19.
What Inventurus IPO GMP signal ahead of the stock listing?
The grey market appears upbeat about the Inventurus Knowledge Solutions IPO. According to market sources, the last grey market premium of Inventurus Knowledge Solutions IPO was ₹408. Considering the upper price band of the issue at ₹1,329 per share, the estimated listing price of the Inventurus Knowledge Solutions IPO is ₹1,737, a premium of nearly 31 per cent.
to come…
