IKS IPO: Can you expect to profit from the listing? Here’s what Anil Singhvi suggests
Inventurus Knowledge Solutions IPO: The IPO is notable for the Jhunjhunwala family’s investment, Inventurus Knowledge Solutions (IKS), which opened on December 12, 2024, and will close on December 16, 2024. After learning that the company has Rekha Jhunjhunwala, Rekha Jhunjhunwala’s wife . veteran investor and trader Rakesh Jhunjhunwala, as promoter. Many investors wonder whether to apply or not. Know what market advisor Anil Singhvi recommends:
IKS launched the IPO at a price band between Rs 1,265 and Rs 1,329 to raise Rs 2,497.92 crore through an offer for sale (OFS) of 18,795,510 shares.
Anil Singhvi suggests you sign up for the IKS IPO to get listed
Zee Business Managing Editor, Anil Singhvi recommended registering for the IPO due to two important factors; strong track record of inorganic and investment from Rekha Jhunjhunwala as promoter.
Singhvi suggested to the investors that “After posting the profit, book the profit in the stock”
At the time, he also highlighted some of the company’s negatives, such as frequent changes in the appointment of senior management or the team, limited acquisition of new customers, declining financial performance, and expensive valuations.
IKS IPO details: Lot size, share and listing date BRMLs, others
The IPO lot size is 11 shares. The offer date is set for Monday, December 17, 2024, which means applicants can check their status on December 18. IKS company shares will start trading – NSE and BSE – on Thursday, December 19, 2024.
IKS IPO | BRLMs and registrars
Lead Book Managers (BRLMs): ICICI Securities, Jefferies India, JM Financial, JPMorgan India, and Nomura Financial Advisory and Securities India.
Official Registrar: Connect Intime India Private
