Shares of ace investor Rekha Jhunjhunwala-backed Inventurus Knowledge Solutions garnered strong interest from market participants on debut day, rising more than 47 percent despite ongoing bearish sentiment in the equity markets. The Nifty 50 index fell 1 percent and lost over 3.5 percent during the week.
The stock opened sharply higher by 43 percent at Rs 1,900 as compared to issue price of Rs 1,329 on the NSE, and stuck in the range below Rs 1,940. It has decisively broken the range in the late trade and spiked up to Rs 2,031, before closing the first session at Rs 1,960.85, up 47.54 percent with volume of 1.65 crore equity shares.
On the BSE, the stock finished at Rs 1,960.25, up 47.5 percent with volume of 9.93 lakh shares after hitting an intraday high of Rs 2,030 and low of Rs 1,851.
Inventurus Knowledge Solutions' market capitalisation stands at Rs 34,829 crore.
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IKS Health, which supports healthcare enterprises in outpatient and inpatient care by handling administrative chores/work, has raised Rs 2,498 crore through its initial public offering during December 12-16. The IPO comprised of entirely an offer-for-sale 1.87 crore equity shares by existing shareholders, including promoters. The price band for the issue was Rs 1,265-1,329 per share.
The IPO proceeds (excluding offer expenses) were received by the selling shareholders. The main objective of the public issue was to carry out the offer-for-sale and list shares on the bourses.
The technology-enabled healthcare solutions provider , through its care enablement platform, assists physician enterprises in the US, Canada and Australia, with a focus on the US markets. It has 778 healthcare organisations as its clients, while Mass General Brigham Inc, Texas Health Care PLLC, and The GI Alliance Management are some of its key clients.
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