The IPO of Inventure Growth & Securities Limited has received a very little response from the investors with the 2nd day subscription figure reached to just 0.94 times on an overall basis. Inventure Growth & Securities IPO is open on 20th July 2011 and will get closed on 22nd July 2011 for subscription. The IPO has managed to get a little bit better response from Non Institutional Investors Category where it overbid by 1.98 times on the 2nd day of subscription. The price band for the issue is Rs 100 at lower level and Rs 117 at upper level. Inventure Growth & Securities Limited (IGSL) is in the business of providing services in equity cash and derivatives market, debt market, commodities and currency futures segment to financing activity, wealth management, and distributions of financial product.
The category-wise subscription status of IPO on closing of 2nd day is given below:-
Qualified Institutional Buyers (QIBs) : 0.20 times
Non Institutional Investors : 1.98 times
Retail Individual Investors : 1.55 times
Overall : 0.94 times
The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Sole Book running lead manager (BRLM) to the issue is Intensive Fiscal Services Private Limited.
Registrar of the Issue : Link Intime India Private Limited.
Stay tuned to BelltheBull Blog for more on Inventure Growth & Securities IPO !Google+