Tue Dec 17 07:12:27 UTC 2024: **Inventurus Knowledge Solutions IPO Allotment Expected Today, Strong Grey Market Premium**

MUMBAI, INDIA – December 17, 2023 – Inventurus Knowledge Solutions Ltd.’s initial public offering (IPO), which closed on December 16th after a strong subscription of 52.70 times, is expected to finalize its allotment today. The IPO, priced between ₹1,265 and ₹1,329 per share, raised ₹2,497.92 crore through an offer for sale (OFS) of 1.88 crore shares.

The allotment is anticipated to be credited to successful applicants’ demat accounts by December 18th, with refunds issued to unsuccessful bidders on the same day. Investors can check their allotment status online through the BSE and NSE websites, or via the IPO registrar, Link Intime India Private Ltd. (Instructions on how to check allotment status are provided in the original article).

The IPO’s performance has been strong, with a grey market premium (GMP) of ₹422 per share today, suggesting a potential listing price of ₹1,751, a 31% premium over the issue price. The high subscription rate, particularly strong from Qualified Institutional Buyers (80.64 times), indicates significant investor confidence.

The shares are slated to be listed on the BSE and NSE on December 19th. ICICI Securities, Jefferies India, JM Financial, JP Morgan India, and Nomura Financial Advisory And Securities (India) Pvt Ltd acted as the book running lead managers for the IPO.

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