ALKHAZAM Daily Breaking News

Inventurus Knowledge Solutions IPO Sees Sudden Surge as Issue is Fully Subscribed Amid Strong Demand from QIB and Retail Investors

New Delhi, Dec 12 (ANI): The first day of the IPO of Inventurus Knowledge Solutions saw a robust response from investors, with the issue being fully subscribed within a short span. The company had fixed the price band for its shares at ₹ 1,265 to ₹ 1,329 per equity share.

According to sources, InvestIndia, a significant QIB, has allocated ₹ 300 crore from the IPO proceeds, while IKS Health Ltd raised a substantial amount of ₹ 1,120 crore from anchor investors. This indicates strong interest from institutional and retail investors alike, who are buoyed by the company's solid financial performance.

The stock market is abuzz with excitement as the company's shares are expected to be listed soon on the exchanges. As the initial public offering (IPO) gets underway, it is clear that Inventurus Knowledge Solutions has struck a chord with investors, who see immense potential in the company's business strategy and offerings.

Staying tuned for more updates from Alkha Zam.