Inventure Growth & Securities Limited has informed the Exchange about Action(s) initiated or orders passed
INVENTURE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 1.8 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
SEBI has passed an interim order against Varyaa Creations Limited in which Inventure's subsidiary (Inventure Merchant Banker Services) was the Lead Manager for the IPO. SEBI directed the subsidiary to not take up any new merchant banking assignments till further orders, and for existing assignments, the issuer must appoint a Monitoring Agency. SEBI found that funds from Varyaa's IPO escrow account were transferred to entities not disclosed in the prospectus, based on instructions from the Lead Manager, allegedly in collusion with the company. The company says there is no material impact on its standalone financials or operations.
Negative for the stock — the subsidiary's core merchant banking business is effectively frozen for new mandates, which could hurt future revenue. The interim order also raises governance concerns about the IPO process it managed, potentially damaging reputation and client confidence.