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Inventurus Knowledge Solutions IPO opens today: GMP up 32%; Should you bid?

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  Print publication without navigation Published in Business and Finance on by Business Standard
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  IPO, comprising an entirely offer for sale (OFS) of 18,795,510 equity shares, is available at a price band of Rs 1,265-Rs 1,329 per share

The article from Business Standard discusses the initial public offering (IPO) of Inventurus Knowledge Solutions, which opened for subscription on December 12, 2024. The IPO, priced at ₹146-153 per share, aims to raise ₹10.8 crore through a fresh issue of 7.05 lakh shares. The company, which provides software solutions and services, has seen its shares trade at a grey market premium (GMP) of ₹32, indicating strong investor interest. The funds raised will be used for working capital, product development, and general corporate purposes. Analysts suggest that while the company has shown robust financial growth, potential investors should consider the competitive landscape and the company's ability to maintain its growth trajectory before deciding to bid.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/markets/news/inventurus-knowledge-solutions-ipo-opens-today-gmp-up-32-should-you-bid-124121200160_1.html ]