The initial public offer i.e. IPO of Inventurus Knowledge Solutions Limited will open on December 12. Investors will be able to bid for this issue till December 16. The company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 19.
The company wants to raise ₹2,497.92 crore through this issue. For this, the existing investors of the company are selling 18,795,510 shares worth ₹ 2,497.92 crore. Inventurus Knowledge Solutions is not issuing any fresh shares for the IPO.
If you are also planning to invest money in it, then we are telling you how much you can invest in it.
What is the minimum and maximum amount that can be invested?
Inventurus Knowledge Solutions has fixed the IPO price band at ₹1265-₹1329. Retail investors can bid for a minimum of one lot i.e. 11 shares. If you apply for 1 lot as per the upper price band of IPO of ₹ 1329, then you will have to invest ₹ 14,619.
At the same time, retail investors can apply for maximum 13 lots i.e. 143 shares. For this, investors will have to invest ₹ 190,047 as per the upper price band.
10% of the issue reserved for retail investors
The company has reserved 75% of the issue for Qualified Institutional Buyers (QIB). Apart from this, 10% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
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