Tue Dec 17 10:09:14 UTC 2024: ## Inventurus Knowledge Solutions IPO Oversubscribed, Boosted by High GMP and Rekha Jhunjhunwala Backing

**Mumbai, Dec 16, 2024** – The Inventurus Knowledge Solutions (IKS) initial public offering (IPO), which closes today, is proving highly attractive to investors. The ₹2,497.92 crore issue has been oversubscribed 2.71 times as of Day 3, driven by a strong grey market premium (GMP) and the backing of prominent investor Rekha Jhunjhunwala.

The current GMP stands at ₹405 per share, suggesting a potential listing price of ₹1,734 based on the upper price band – a 30% premium. Retail investor interest has been particularly strong, with the retail portion of the IPO subscribed 4.49 times. The Qualified Institutional Buyer (QIB) and Non-Institutional Investor (NII) portions are subscribed 1.89 and 3.16 times respectively.

While analysts at Bajaj Broking note the IPO is “fully priced,” with a P/E ratio of 54.67 based on annualized FY25 earnings, the positive market sentiment surrounding the IPO is undeniable. The allotment is expected on December 17, with listing on the BSE and NSE anticipated for December 19.

The IPO, managed by leading investment banks including ICICI Securities, Jefferies India, and JM Financial, comprises a fresh issue and an offer-for-sale (OFS) of 1.87 crore shares priced between ₹1,265 and ₹1,329 per share. Link Intime India is the registrar.

**(Note: The information about Ultraviolette is unrelated to the Inventurus Knowledge Solutions IPO and has been excluded from this news article.)**

**(Disclaimer: This news article presents factual information based on publicly available data. It does not constitute investment advice. Consult a qualified financial advisor before making any investment decisions.)**

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