Inventurus Knowledge Solutions (IKS) listing: Share first on D-Street the benefits of star listings
Shares of Inventurus Knowledge Solutions (IKS) made a stellar debut in Thursday (December 19) trading in an otherwise weak market. On the NSE, the shares were listed at a premium of 42.96 per cent to Rs 1,900 against the issue price of Rs 1,329. while on BSE it was issued at a price of Rs 1,856- a premium of 39.65 percent.
The blockbuster IPO that saw stellar demand was oversubscribed 52.68 times during the three-day subscription period that began between December 12 and closed on December 16.
Institutional investors emerged as the biggest bidders in this offer and booked 80.64 times the shares on offer. Other categories of investors- NIIs or Non-Institutional Investors saw an oversubscription of 23.25 times the shares offered, while that of retail investors stood at 14.55 times.
The issue was a total offer for sale or OFS of Rs 2,498 crore that the post issue will reduce the promoter holding from 69.7 percent to 65.8 percent. Also, since the issue is OFS, the proceeds of the donation will not be accepted by the company.
In its IPO documents, the company stated that the purpose of the initial share sale is to achieve the benefits associated with the listing of equity shares on the stock market.
Rakesh Jhunjhunwala Inventurus Knowledge Solutions (IKS Health) sponsored by the Rakesh Jhunjhunwala family is a technology-enabled healthcare provider empowerment platform serving the United States healthcare market.
