The stock debuted at Rs 119, a premium of 1.71% over the initial public offer (IPO) price. So far the stock hit a high of Rs 122.45 and low of Rs 110.35. On BSE, 5.58 lakh shares were traded on the counter.

Inventure Growth & Securities had priced the initial public offer (IPO) at the top end of the Rs 100 to Rs 117 per share price band. The IPO had closed on 22 July 2011. The issue was subscribed 4.58 times and got bids for 3.20 crore crore shares.

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. The non-institutional investors category was subscribed 9.49 times and the retail investors category was subscribed 8.66 times.

Inventure Growth & Securities provides trading services in equity cash and derivatives market, debt market, commodities and currency futures segment. It is also into wealth management and distributions of financial products.

A major portion of the IPO proceeds will be utilised as an investment in one of the subsidiaries--Inventure Finance and for augmenting long term working capital requirements.

Inventure Growth & Securities reported a consolidated net profit of Rs 6.21 crore on total income of Rs 31.16 crore for the year ended March 2011.