Inventurus Knowledge Solutions IPO: GMP, Dates, Minimum investment, Etc

Inventurus Knowledge Solutions Ltd, which provides healthcare support services, has collected Rs 1,120 crore from anchor investors.

Inventurus Knowledge Solutions Ltd: Who Are The Investors

Fidelity Funds, Government Pension Fund Global, Abu Dhabi Investment Authority, Prudential Hong Kong, TIMF Holdings, HSBC Global, HDFC Mutual Fund (MF), Aditya Birla Sun Life MF, Axis MF, Mirae Asset and WhiteOak Capital are among the investors, according to a circular uploaded on BSE's website. According to the circular, Inventurus Knowledge Solutions has allotted 84.29 lakh equity shares to 61 funds at Rs 1,329 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 1,120.18 crore.

Inventurus Knowledge Solutions Ltd IPO

The Rs 2,498-crore initial public offering (IPO) opens for subscription on Thursday December 12 and will conclude on December 16. Since the issue is completely an OFS (Offer For Sale), the company will not receive any proceeds from the IPO and the entire fund will go to shareholders. ICICI Securities Ltd, Jefferies India Private Ltd, JM Financial Ltd, JP Morgan India Private Ltd, and Nomura Financial Advisory and Securities (India) Private Ltd are the book-running lead managers to the issue. The equity shares of the company are expected to be listed on the BSE and NSE on December 19, 2024.

Inventurus Knowledge Solutions Ltd: Price Band

The price band of the issue has been set at Rs 1,265 to Rs 1,329 per share. The company's IPO is entirely an Offer For Sale (OFS) of 1.88 crore equity shares by promoters and individual shareholders, with no fresh issue component. At the upper price band, the company's IPO is estimated at Rs 2,498 crore, placing its market capitalisation at over Rs 22,800 crore. The company, which is backed by Rekha Jhunjhunwala and RARE Enterprises, in its IPO papers stated that the objective of the initial share sale is to gain the advantages of listing the equity shares on the stock exchanges.

Additionally, the company anticipates that listing the equity shares will boost its visibility and brand image, provide liquidity to its shareholders, and establish a public market for the equity shares. The company said that 75 per cent of the issue size has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors, and the remaining 10 per cent for retail investors. Investors can place bids starting with a minimum of 11 shares and in multiples of 11 thereafter.

Inventurus Knowledge Solutions Ltd: GMP

Inventurus Knowledge Solutions (IKS) IPO GMP was at a high of about Rs 400 on 12th December, 2024 as per a market tracker website.

Inventurus Knowledge Solutions Ltd is a technology-enabled healthcare solutions provider and a care enablement platform, assisting physician enterprises in the US, Canada, and Australia, with a focus on the US markets.

In 2023, Inventurus Knowledge Solutions acquired Aquity Holdings, a company engaged in technology-enabled clinical documentation, medical coding, and revenue integrity solutions for healthcare.

(with PTI inputs)