Tue Dec 17 06:48:52 UTC 2024: **Inventurus Knowledge Solutions IPO Allotment Due Tuesday; Over 52 Times Subscribed**

MUMBAI, India – Inventurus Knowledge Solutions (IKS Health), a healthcare solutions provider, is set to finalize the allotment of shares from its recently oversubscribed Initial Public Offering (IPO) on Tuesday, December 17th. Applicants will receive updates regarding fund debits or IPO mandate revocations by Wednesday, December 18th. The company’s shares will list on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on Thursday, December 19th.

The IPO, open from December 12th to 16th, offered shares at ₹1,265-₹1,329 per share, raising ₹2,497.92 crore (approximately $300 million USD) through the sale of 187,955,10 equity shares. Demand significantly exceeded supply, with the IPO subscribed a remarkable 52.68 times overall. Strong interest was seen across all investor categories: Qualified Institutional Bidders (QIBs) at 80.64 times, Non-Institutional Investors (NIIs) at 23.25 times, retail investors at 14.55 times, and employees at 5.20 times.

The grey market premium (GMP) reached ₹420-₹425, suggesting a potential listing gain of 32% for investors. Brokerage firms expressed generally positive views, citing the company’s market position, financials, and unique business model. However, ongoing litigations and the entirely fresh issue nature were noted as potential drawbacks.

Investors can check their allotment status on the BSE website (https://www.bseindia.com/investors/appli_check.aspx) or the Link Intime India portal (https://linkintime.co.in/MIPO/Ipoallotment.html). ICICI Securities, Jefferies India, JM Financial, JP Morgan India, and Nomura Financial Advisory and Securities (India) acted as book running lead managers, with Link Intime India serving as the registrar.

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