The Inventurus Knowledge Solutions (IKS) IPO which opened for subscription on December 12 is drawing significant attention from investors, largely driven by its impressive Grey Market Premium (GMP) The Rs 2,497.92 crore issue, set to close today, December 16, has been generating buzz, especially due to its strong performance in the grey market.
Here’s a breakdown of the GMP price, subscription status, listing and all the key details you need to know about this issue.
Grey Market Premium (GMP)
The GMP for Inventurus Knowledge Solutions IPO has seen a substantial rise, and as of the recent trend, it now stands at Rs 405 per share, indicating an estimated listing price of Rs 1,734 based on the upper price band, which suggests a 30 per cent premium.
One of the key factors for the surge in the GMP is the backing of Rekha Jhunjhunwala, a well-known figure in the investment community. Her backing is seen as a stamp of approval, attracting further interest from retail and institutional investors.
Additionally, other factors that can be considered for the rise are the IPO’s favorable subscription trends, particularly the high demand in the retail category, further contributing to the positive market sentiment.
Allotment and Listing
The Allotment of Inventurus Knowledge Solutions IPO is expected to be finalised on December 17.
Furthermore, the company is planning to list on BSE and NSE on December 19.
IPO Highlights
Backed by Rekha Jhunjhunwala, Inventurus Knowledge Solutions is a mainboard public issue, aiming to raise Rs 2,497.92 crore through its book-built IPO.
The issue comprises a combination of a fresh issue and an offer-for-sale (OFS) of 1.87 crore shares with a face value of Rs 1 each. The price range for the offering is set by the company between Rs 1,265 and Rs 1,329 per share, and investors can apply for a minimum of 11 shares per lot.
As of 9:59 AM i.e Day 3 of the issue, the Inventurus Knowledge Solutions IPO has been subscribed 2.71 times so far. The subscription includes 4.49 times in the retail category, 1.89 times in the QIB category, and 3.16 times in the NII category.
“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 brokings in an IPO note.
Lead Managers and Registrar
The IPO is being managed by prominent book running lead managers including ICICI Securities, Jefferies India, JM Financial, J.P. Morgan India, and Nomura Financial Advisory. The registrar for the issue is Link Intime India.
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