Inventurus Knowledge Solutions IPO: The equity shares of the company are expected to be listed on the BSE and NSE on December 19.
Inventurus Knowledge Solutions Ltd, a leading provider of technology-enabled healthcare support services, has announced the launch of its initial public offering (IPO). The company aims to raise funds through a public offering as part of its strategy to enhance visibility and access to liquidity for its shareholders.
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Inventurus Knowledge Solutions IPO Subscription Details
The initial share sale will be open for public subscription from December 12 to December 16, with bidding for anchor investors scheduled for December 11, the company announced.
Offer-For-Sale Structure
The company’s IPO is entirely an Offer-For-Sale (OFS) of up to 2.82 crore equity shares by promoters and individual shareholders, with no fresh issue component.
Since the issue is completely an OFS, the company will not receive any proceeds from the IPO and the entire fund will go to shareholders.
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Inventurus Knowledge Solutions IPO Size and Market Valuation
At the upper price band, the company’s IPO is estimated at Rs 2,498 crore, placing its market capitalization at over Rs 22,800 crore.
Inventurus Knowledge Solutions IPO Price Band
The company has set a price band of Rs 1,265 to Rs 1,329 per share for its IPO.
Objective of the IPO
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.
Issue Allocation
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.
Company Profile
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.
The company is a leading partner for outpatient and inpatient care organisations and has over 800 healthcare organisations as clients, including health systems, academic medical centres, multi-specialty medical groups, single-specialty medical groups and ancillary healthcare organisations as of March this year.
Recent Acquisition
In 2023, Inventurus Knowledge Solutions acquired Aquity Holdings, a company engaged in technology-enabled clinical documentation, medical coding and revenue integrity solutions for healthcare.
Lead Managers to the Issue
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.
Inventurus Knowledge Solutions IPO: Listing Details
The equity shares of the company are expected to be listed on the BSE and NSE on December 19.
