Inventure Growth & Securities surges on debut

Settles at Rs 207.95 on BSE

Shares of Inventure Growth & Securities settled at Rs 207.95 on BSE, a premium of 77.73% over the initial public offer price of Rs 117.

The stock debuted at Rs 119, a premium of 1.71% over the initial public offer (IPO) price. The stock hit a high of Rs 225 and low of Rs 91.55. On BSE, 4.70 crore shares were traded on the counter.

Inventure Growth & Securities IPO subscribed 4.58 times

Gets bids for 3.20 crore shares

Inventure Growth & Securities' initial public offer (IPO) was subscribed 4.58 times and got bids for 3.20 crore crore shares. The company had offered 70 lakh shares in price band of Rs 100 to Rs 117 per share.

The qualified institutional buyers (QIBs) category was undersubscribed with just 25% bids. QIBs bid for 8.70 lakh shares compared with 35 lakh shares allotted for this category by the company. The non institutional investors category was subscribed 9.49 times and the retail investors category was subscribed 8.66 times.

Inventure Growth and Securities IPO Analysis

Inventure Growth and Securities (IGSL) is a financial intermediary company promoted by Nagji K. Rita. The company offers a host of services like trading services in equity cash and derivatives market, debt market, commodities and currency futures segment, financing, wealth management, and distributions of financial products. The company has a diversified clientele base that includes institutional clients, high net worth individuals and retail investors.