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The mainboard issue, which opened for subscription on December 12, was booked over 52 times at 5:30 PM on Monday, led by strong demand from qualified institutional investors (QIBs).
Overall, investors placed bids for 54.6 crore shares against 1.03 crore shares offered by the company.
The portion reserved for institutional investors (QIB) was subscribed 80 times, with eligible institutions placing bids for 45.31 crore shares compared to the 56.19 lakh shares on offer for them. Non-Institutional Investors (NIIs) saw their portion being subscribed 23.2 times, while the retail portion was booked over 14.5 times.
The employee quota in IKS Health IPO was booked 5.2 times. Eligible employees submitted bids for 3.37 lakh shares against 65,000 shares available.
IKS Health IPO Grey Market Premium
The grey market premium (GMP) for the IKS Health IPO stood at ₹405 per share at 5:25 PM on December 16, suggesting a potential listing price of ₹1,704 per share. This indicates a possible listing gain of 30.47 % over the IPO’s upper price band.
However, investors must note that GMP is speculative and may not be a true reflection of how the stock performs in reality.
IKS Health IPO Details
IKS Health IPO is an entirely offer-for-sale issue of 1.88 crore shares totalling ₹2,498 crore. The issue’s price band has been set in the range of ₹1,265-1,329 per share. Retail investors could bid in the IPO with a minimum lot size of 11 shares totalling an investment of ₹14,619 per application at the upper price band.
The allotment of shares in IKS Health IPO is expected to be finalised on December 17. This will be followed by the initiation of refunds for non-allotters and credit of shares into the Demat account of successful bidders on December 18.
Shares of IKS Health Ltd are set to list on the BSE and NSE on December 19.
The company appointed ICICI Securities Limited, J.P. Morgan India Private Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, Jefferies India Private Limited and Jm Financial Limited as the book-running lead manager for issue whereas Link Intime India Private Ltd served as the registrar.
About Inventurus Knowledge Solutions Ltd
Incorporated in 2006, Inventurus Knowledge Solutions Limited (IKS Health) specialises in services such as handling administrative chores/work for healthcare enterprises
First Published: Dec 16, 2024 2:27 PM IST
