Inventurus Share Price, GMP, Allotment Status Highlights: The company hit the D-Street on December 19. The allotment of shares was finalised on December 17. It was subscribed to a total of 52.68 times. The retailers booked the issue 14.55 times. The QIBs dominated the subscription with 80.64 times bidding.
IKS raised Rs 2,497.92 crore by selling 1.88 crore shares of promoters and other selling shareholders. The IPO bidding was started on December 12 and ended on December 16. ICICI Securities, Jefferies India, JM Financial, J.P. Morgan India, and Nomura Financial Advisor and Securities (India) worked as the book-running lead managers of the IPO. Catch all the live updates on the listing of IKS IPO on our live blog.
Inventurus Share Price, IPO Listing 2024 Highlights
Inventurus Share Price Live Updates: Shares closes 6.8% higher
Shares of Invesnturus Knowledge Solutions closed 6.84% higher at Rs 2,030. The stock was listed at a premium of 43% on the National Stock Exchange. The shares of the company were listed at Rs 1,900, compared to the issue price of Rs 1,329.
Inventurus Share Price Live Updates: Stocks up 1.2%
Shares of Inventurus Knowledge Solutions rose 1.2% to trade at a price of Rs 1,922.90. The stock was listed at a premium of 43% on the National Stock Exchange. The shares of the company were listed at Rs 1,900, compared to the issue price of Rs 1,329.
Inventurus Share Price Live Updates: Quality acquisition
IKS acquired Aquity Holdings, a company engaged in technology-enabled clinical documentation, medical coding and revenue integrity solutions for healthcare. Through the acquisition of Aquity Holdings with effect from October 27, 2023, they are able to cross-sell to Aquity's existing base of over 804 customers, as of March 31, 2024, and offer existing solutions to this customer base, thereby increasing their market opportunity.
Inventurus Share Price Live Updates: IKS shares back in green
Shares of IKS back in the green. The stocks rose 0.47% to trade at 1,909. It has risen as much as Rs 1,957.70 from its listing price. The stock was listed at a price of Rs 1,900 on the National Stock Exchange.
Inventurus Share Price Live Updates: Anand Rathi Research on IPO
"On Valuation parse, at the upper price band the company’s implied market cap is around Rs 2,280.21 crore valuing at PE of 61.2 times on annualised basis for FY25 making the issue fully priced. But issue being fully OFS the company won’t be benefitted directly by the proceeds however operating in niche segment of health care solutions with rising demand with asset-light model and looking at the company’s stable financials and absence of direct competitor will add advantage. We believe that this issue may be considered for its long term growth. Hence we give “Subscribe for long term” rating to this IPO," said Anand Rathi Research in an IPO note.
Inventurus Share Price Live Updates: Listing at 43% premium
Shares of Invesnturus Knowledge Solutions are listed at a premium of 43% on the National Stock Exchange at Rs 1,900. However, the stock soon fell 1.7% to Rs 1,867.35.
Inventurus Share Price Live Updates: Bajaj Broking on IPO
"When annualizing the FY25 earnings to the post-IPO fully diluted equity capital, the asking price corresponds to a P/E ratio of 54.67. Based on FY24 earnings, the P/E ratio is 61.56, indicating the issue is fully priced. For the periods reported, the company has achieved PAT margins (on a restated basis) of 30.51% in FY22, 29.60% in FY23, 20.38% in FY24, and 16.26% for H1 FY25. However, RoCE margin data is not available," said Bajaj Broking in an IPO note.
Inventurus Share Price Live Updates: Bajaj Broking on IPO
"When annualizing the FY25 earnings to the post-IPO fully diluted equity capital, the asking price corresponds to a P/E ratio of 54.67. Based on FY24 earnings, the P/E ratio is 61.56, indicating the issue is fully priced. For the periods reported, the company has achieved PAT margins (on a restated basis) of 30.51% in FY22, 29.60% in FY23, 20.38% in FY24, and 16.26% for H1 FY25. However, RoCE margin data is not available," said Bajaj Broking in an IPO note.
Inventurus Share Price Live Updates: GMP update
The company was fetching a premium of 31.68% in the grey market. This indicates a listing at a price of around Rs 1750. The grey market is an unofficial place to trade shares ahead of listing. Market participants keep an eye on GMP to track listing gains.