Inventurus Knowledge Solutions IPO: GMP Slides Ahead Of Listing; Allotment Status To Be Out Soon

The share allotment of Inventurus Knowledge Solutions Ltd.'s (IKS Health Ltd.) initial public offering is set to be finalised on Tuesday, Dec. 17 following strong demand from investors. The IPO was booked 52.68 times on the back of demand from qualified institutional buyers.

Ahead of share allotment today, the grey market premium of the Inventurus Knowledge Solutions IPO had climbed to Rs 421 indicating a listing gain of 31.68%, with the listing price being Rs 1,750 apiece. This was after the GMP was Rs 375 when the issue opened for subscription on Thursday. But ahead of listing on Thursday, the grey market premium of the Inventurus Knowledge Solutions IPO dropped to Rs 407 as of 6:00 pm on December 17. This indicates a listing gain of 30.62%, with the listing price being Rs 1,736 apiece - according to InvestorGain.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Investors who have applied for IKS Health IPO shares will now look forward for their share allotment status. Here is how to check on BSE, NSE, and the registrar Link Intime India’s websites.

• Visit the IPO allotment page on the BSE website here. 

• Select Equity as your Issue Type. 

• Choose ‘Inventurus Knowledge Solutions Ltd.' from the dropdown menu. 

• Enter your application number or PAN.

• Verify the 'Captcha'.

• Click on Search to check allotment.

• Visit the IPO allotment page on Link Intime India here.

• From the dropdown menu, select 'Inventurus Knowledge Solutions Ltd.' from the list of companies. 

• Choose from PAN, Application Number, DP/Client ID or Account Number/IFSC to view your allotment status.

• Enter the required details based on your selection.

• Hit 'Submit' to check the allotment status.

The finalisation of the share allotment basis will be done today. This will be followed by credit of shares into the demat account of successful bidders and initiation of refunds for non-allottees on December 18. Shares of Inventurus Knowledge Solutions Ltd. are slated to list on BSE and NSE on Thursday, December 19.

The issue was booked 80.64 times in the qualified institutional investor (QIB) category whereas the retail allocation was subscribed 14.55 times. Non-institutional investors (NIIs) subscribed to their quota by 23.25 times. The employee quota of Inventurus Knowledge Solutions IPO was booked 5.2 times, with eligible employees submitting bids for 3,36,952 shares against the 65,000 shares available.

The Inventurus Knowledge Solutions IPO is an offer for sale an entirely offer-for-sale of 1.88 crore shares worth Rs 2,497.92 crore. The listing of the mainboard issue, which was open from Dec. 12 to Dec. 16, is likely to be done on Dec. 18.

Inventurus Knowledge Solutions will not receive any proceeds from the IPO as it is an offer-for-sale issue.