look news india
Inventurus Knowledge Solutions IPO: A new IPO launched recently has created a stir in the Indian stock market. This IPO performed brilliantly in the gray market and reached a price of ₹421. This is not only proving to be a golden opportunity for investors, but it is also in the news due to the big bets of veteran investor Rekha Jhunjhunwala.
IPO got huge subscription
This IPO has achieved 52.68 times subscription. This figure is enough to show that there is tremendous enthusiasm among investors about it. From retail investors to institutional investors, everyone has shown interest in this IPO.
gray market performance
If we look at the gray market premium (GMP), this share is trading at ₹ 421. This means that at the time of listing the price of this share may be much higher than the released price band.
Rekha Jhunjhunwala’s involvement
Rekha Jhunjhunwala’s stake in this IPO has made it more attractive. The Jhunjhunwala family is a big name in the Indian stock market, and given their strategic investment style, this IPO is garnering even more attention.
Highlights of IPO
- Gray Market Premium (GMP): ₹421
- Subscription Level: 52.68 times
- Veteran Investor: Rekha Jhunjhunwala’s big share
- Segment: Launch of IPO in high growth sector
What do these figures show?
- Stock Performance: The gray market premium indicates that there could be a huge jump in the listing price of this IPO.
- Investors’ enthusiasm: The huge subscription shows that investors’ confidence in this IPO is strong.
- Sector Capacity: The prospects of the sector in which this IPO has been launched are also attracting investors.
What should investors do?
If you have applied for this IPO, it can make good profits on the listing day. However, do consult your financial advisor before investing in it, as the stock market can be risky.