The primary market is buzzing with activity as two prominent companies, Inventrus Knowledge Solutions and International Gemological Institute (IGI), continue to see strong investor interest in their respective initial public offerings (IPOs). Here’s a detailed look at their subscription status, grey market premium (GMP), and expected listing dates.
Inventrus Knowledge Solutions IPO: Subscription and GMP Updates
Inventrus Knowledge Solutions’ IPO has seen impressive traction in the market, with its public issue attracting 15.41 times subscription as of now. Retail investors and qualified institutional buyers (QIBs) are leading the charge, reflecting robust demand.
According to market analysts tracking grey market trends, the shares of Inventrus Knowledge Solutions are trading at a premium of 32% in the unofficial market. Reports suggest that the current GMP stands at ₹417, hinting at an estimated listing gain of 31.38%.
Investors are eagerly awaiting the company’s shares to debut on the BSE and NSE, which is scheduled for 19th December.
International Gemological Institute IPO: Day 2 Updates
The IPO of International Gemological Institute, valued at ₹4,225 crore, is also generating significant interest. On its second day of subscription, the issue has secured 48% subscription so far.
This offering comprises two components:
- A fresh issue of equity shares worth ₹1,475 crore.
- An Offer-for-Sale (OFS) amounting to ₹2,750 crore, led by the promoter, BCP Asia II TopCo Pte Ltd, an affiliate of Blackstone.
The listing of International Gemological Institute’s shares on the BSE and NSE is expected on 20th December, making it a key date for investors to watch.
Investor Takeaway
Both Inventrus Knowledge Solutions and International Gemological Institute have garnered strong interest due to their promising business models and potential for high listing gains. Market experts recommend closely monitoring grey market trends and subscription figures to make informed decisions.