Innovatus Entertainment Networks IPO: What does GMP signal post allotment?
₹50 per equity share. The public issue opened on Tuesday, July 25 and closed on Thursday, July 27. Innovatus Entertainment Networks IPO subscription status was 105.21 times on day 3.
The issue received positive response from retail investors who's portion set was subscribed 150.50 times, followed by non-institutional buyers who's portion set was subscribed 56.58 times, according to data on chittorgarh.com. Also Read: SBFC Finance IPO: GMP, subscription status, should you apply or not? The Innovatus Entertainment IPO has a total issue size of ₹774.00 lakh, which consists of freshly issued equity shares. The company plans to use the net proceeds from the offering to finance several objectives, including meeting extra working capital needs, buying exhibition-related merchandise, and basic business needs.
Innovatus Entertainment Networks was founded in 2012, provides various types of direct marketing services, including management, CRM, B2B and B2C, activations, and exhibitions. The company provides services like Event Management, Activations, and Exhibitions, as well as services like Event Coordination, Pre and Post event Publicity, Production, Printing and Distribution, Venue Research and Booking, Staffing, Guest Speakers, Celebrity Management, Transport, Accommodation and Catering, Translators, On-site management, Most advanced technical support, and School/College activation. Also Read: Yudiz Solutions IPO: What GMP signals ahead of issue opening date? The Innovatus Entertainment IPO GMP or grey market premium is +7.
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