The much-awaited stock market debut of Inventurus Knowledge Solutions finally came with the equity shares of the company getting listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) today, December 19, 2024. This health technology firm’s IPO is supported by Rekha Jhunjhunwala and has drawn a significant amount of attention from investors, thereby hinting at a strong debut on the bourses.

IPO Details and Allotment

IPO of Inventurus Knowledge Solutions was available for subscription from December 12, 2024 to December 16, 2024. The allotment of the IPO was done on December 17, 2024. The company’s public issue was solely an offer for sale of ₹2,497.92 crore through the issue of 1.88 crore equity shares. The IPO price band was fixed at ₹1,265 to ₹1,329 per share.

A notice by the BSE announced the listing as saying, “Trading Members of the Exchange are hereby informed that with effect from Thursday, December 19, 2024, the equity shares of INVENTURUS KNOWLEDGE SOLUTIONS LIMITED shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities.” The shares are part of the Special Pre-open Session (SPOS), with trading starting at 10:00 AM.

Grey Market Premium (GMP) and Market Sentiments

Pre-IPO Grey Market Premium (GMP) trends were indicative of a good listing. On December 19, the IPO GMP of Inventurus Knowledge Solutions was at ₹421 per share. This means that the shares of the company in the unofficial grey market were trading at a premium of ₹421 over the upper end of the issue price of ₹1,329 per share.

This bodes well for an estimated listing price of ₹1,750 per share, which translates to more than 31% premium to the IPO price. Market analysts were of the same opinion, citing strong demand and attractive valuations as reasons for a robust debut.

Investor Response and Subscription Data of Inventurus Knowledge Solutions

The IPO received an overwhelming response from investors, subscribed 52.70 times in aggregate. The subscription data is bifurcated as follows:

Qualified Institutional Buyers (QIBs): Subscribed 80.64 times.

Non-Institutional Investors (NIIs): Subscribed 23.27 times.

Retail Individual Investors (RIIs): Subscribed 14.65 times.

The high subscription rates, especially from institutional buyers, highlight the strong confidence in the growth prospects and market position of Inventurus Knowledge Solutions.

Analysts’ Expectations on Listing Performance

Several market experts spoke about the expected listing performance of the shares of Inventurus Knowledge Solutions. Despite broader market volatility, analysts said the stock would command a premium.

Anshul Jain, Head of Research at Lakshmishree Investment and Securities, said, “The issue price was offered at attractive valuations, and in this bear-hit stock market, the stock is expected to list around its fair value, which is near ₹1,700. So, allottees can expect Inventurus Knowledge Solutions to share a listing in the range of ₹1,680 to ₹1,710.

Similarly, Sagar Shetty, Research Analyst at StoxBox, said that the company has a strong market position and future growth prospects. “The stock is trading at a GMP of 30%, which can be associated with the positive market sentiment about the company. With its ability to explore untapped opportunities, Inventurus Knowledge Solutions is well-positioned to leverage emerging market trends.”. We recommend investors who have been allocated shares to stay invested from a medium to long-term perspective,” Shetty added.

Why the Strong Demand

Several factors are driving this high demand for Inventurus Knowledge Solutions:

Healthcare Technology Industry: The company is involved in the fast-growing healthcare technology industry, which has also experienced an increased need for new-age solutions, particularly since the pandemic.

Strong Backing: Being backed by Rekha Jhunjhunwala adds credibility and instills investor confidence.

Attractive Valuations: The IPO price band was considered attractive, given the company’s robust financials and market positioning.

Subscription Momentum: The high subscription rates across categories further boosted investor sentiment, signaling strong demand for the stock.

What Lies Ahead for Investors?

The estimated listing premium and positive market sentiments are great news for those allotted shares in the IPO. Still, market experts also advice caution and emphasize that it is an investment for the medium to long term.

The healthcare technology sector is going to be huge, and Inventurus Knowledge Solutions has already established its market presence with innovative offerings that will help it take advantage of emerging opportunities. Retail investors could hold onto the stock and reap significant gains in the future if the company delivers on its growth expectations.

Conclusion

The IPO listing by Inventurus Knowledge Solutions marks a momentous occasion for the company and its investors. Having received a good response in the grey market, coupled with high subscription rates, this stock is ready for a healthy debut. Combined with this potential of healthcare technology sector, the company’s position in the market, and the fact that it was backed by one of India’s most renowned investors, Rekha Jhunjhunwala, this becomes one of the most hotly discussed listings of the year.

As the shares start trading on BSE and NSE, all eyes will be set on how Inventurus Knowledge Solutions performs in the live market. For those who have managed to get an allotment, the journey from IPO to listing day is going to turn out to be a very rewarding one, with the chances of good returns in the long run.