Inventure Growth and Securities received good response on last day and was subscribed 4.35 times, as per the data available with the NSE, total bid of 30480350 shares were received for the issue of 7000000 shares, while 17748950 bids were received at the cut-off price.
QIB portion was subscribed 0.20 times, non institutional investors’ portion was subscribed 2.39 times, and the retail portion was subscribed 3.86 times on the final day of IPO.
The company had fixed the price band at Rs 100 to Rs 117 per equity share. The book running lead managers to the issue is Intensive Fiscal Services and Link Intime India is the registrar to the issue.
The company is planning to raise Rs 70-82 crore and intends to use the proceeds towards investment subsidiary -- Inventure Finance and meet the long term working capital requirement.
Inventure Growth & Securities currently offers a host of services viz., providing comprehensive advisory services that are well diversified from trading services in equity cash and derivatives market, debt market, commodities and currency futures segment to financing activity, wealth management, and distributions of financial product.
| Company Name | CMP |
|---|---|
| Motilal Oswal Fin | 882.70 |
| Angel One | 326.10 |
| IIFL Capital Service | 356.50 |
| Nuvama Wealth | 1631.25 |
| Share India Sec. | 147.20 |
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