Inventurus Knowledge Gets 2.65x Subscription

New Delhi: The initial share sale of Inventurus Knowledge Solutions Ltd, which provides healthcare support services, received 2.65 times subscription on the second day of bidding on Friday. The Rs 2,498-crore initial public offer (IPO) received bids for 2,74,86,778 shares against 1,03,66,780 shares on offer, according to NSE data.

The Retail Individual Investors (RIIs) category got subscribed 4.24 times while the portion for non-institutional investors fetched 3.13 times subscription. Qualified Institutional Buyers (QIBs) part attracted 1.89 times subscription. Inventurus Knowledge Solutions Ltd has collected Rs 1,120 crore from anchor investors. The IPO will conclude on December 16. The price band for the offer is Rs 1,265-1,329 per share. The company’s IPO is entirely an Offer For Sale (OFS) of 1.88 crore equity shares by promoters and individual shareholders, with no fresh issue component.