Shares of Inventurus Knowledge Solutions Ltd were listed at Rs 1,900, up 43% on NSE. It was listed at Rs 1,856, up 39.64% on the BSE. However, after this, it witnessed further growth and rose by 47.50% (Rs 631) and closed at Rs 1960.25 on the BSE. Its issue price was Rs 1,329.
The IPO was subscribed a total of 52.68 times. This IPO was subscribed a total of 52.68 times. The issue was subscribed 14.55 times in the retail category, 80.64 times in the qualified institutional buyer (QIB) category and 23.25 times in the non-institutional investor (NII) category.
10% of the issue was reserved for individual investors The company had reserved 75% of the issue for qualified institutional buyers (QIBs). Apart from this, 10% of the shares were reserved for retail investors and the remaining 15% were reserved for non-institutional investors (NII). Inventurus Knowledge Solutions was established in 2006. Inventurus Knowledge Solutions Limited (IKS Health) was established in 2006. The company provides administrative management services to healthcare companies. Inventurus Knowledge Solutions helps doctors and other healthcare providers manage their paperwork and administrative tasks. Along with this, IKS Health also offers clinical support, medical documentation management and virtual medical writing along with many other services.
What is IPO? When a company issues its shares to the general public for the first time, it is called an initial public offering, i.e. an IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises funds by selling some shares to the public or issuing new shares. For this, the company brings an IPO.