Tue Dec 17 11:50:12 UTC 2024: ## Inventurus Knowledge Solutions IPO Oversubscribed, Allotment Finalized

**Mumbai, India – December 17, 2024** – Inventurus Knowledge Solutions Ltd. (IKS Health Ltd.), backed by the Jhunjhunwala family, saw its Initial Public Offering (IPO) massively oversubscribed, closing at 52.68 times the number of shares offered. The allotment of shares was finalized today, December 17th, after strong investor demand, particularly from Qualified Institutional Buyers (QIBs), who subscribed 80.64 times their allocation.

The IPO, an offer-for-sale of 1.88 crore shares valued at ₹2,497.92 crore, saw total applications for 54,60,83,054 shares against the 1,03,66,780 shares offered. Retail investors subscribed 14.55 times, while Non-Institutional Investors (NIIs) subscribed 23.25 times. Even the employee quota was oversubscribed 5.2 times.

Investors can check their allotment status on the BSE and NSE websites, as well as the registrar Link Intime India’s website, using their application number or PAN. Successful applicants will see shares credited to their demat accounts on December 18th, with refunds issued to unsuccessful applicants on the same day.

The company’s shares are scheduled to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on Thursday, December 19th. The grey market premium (GMP) reached ₹421 as of this morning, suggesting a potential listing gain of 31.68% and a listing price of ₹1,750 per share, according to InvestorGain. It is important to note that the GMP is not an official price quote and is based on speculation. Inventurus Knowledge Solutions will not receive any proceeds from the IPO as it was solely an offer-for-sale.

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