IPO GMP Today: International Gemological Institute, Inventrus Knowledge Solutions - Subscription updates, other key details

IPO GMP Today: International Gemological Institute, Inventrus Knowledge Solutions - Subscription updates, other key details

Inventrus Knowledge Solutions and International Gemological Institute continue to garner robust subscription to their public issues in the primary market.

Inventrus Knowledge Solutions' public subscription will conclude today. The mainboard issue has so far garnered 15.41 times subscription, with QIBs and retail leading the demand.

According to market observers tracking the grey market premium activities, the shares of Inventrus Knowledge Solutions are commanding a GMP of nearly 32 percent in the unofficial market. Investorgain quoted a GMP of Rs 417 for the shares of the company, indicating a listing gain of 31.38 percent.

The shares of the company are expected to be listed on the BSE and NSE on 19th December.

The initial public offering of International Gemological Institute has entered day 2 of subscription in the primary market. The issue has garnered 48 percent subscription, so far.

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Meanwhile, International Gemological's GMP in the unofficial market is around 25 percent. Investorgain quoted a GMP of Rs 99, indicating a listing gain of 23.74 percent.

Blackstone-backed International Gemmological Institute (India) Ltd on Thursday mobilised Rs 1,900 crore from anchor investors. The issue, with a price band of Rs 397 to Rs 417 per share, will conclude on December 17.

The Rs 4,225-crore IPO is a combination of a fresh issue of equity shares worth Rs 1,475 crore and an Offer-for-Sale (OFS) valued at Rs 2,750 crore by promoter BCP Asia II TopCo Pte Ltd, an affiliate of Blackstone.

The shares of the company are expected to be listed on the BSE and NSE on 20th December.

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