Inventurus Knowledge, Backed by Rekha Jhunjhunwala, Files for IPO

Inventurus Knowledge Solutions Ltd is a cutting-edge healthcare technology provider and care enablement platform that specializes in supporting physician enterprises currently in the countires US, Canada, and Australia, with a primary focus on the US market. Our innovative IKS Care Enablement Platform is designed to alleviate the administrative, clinical, and operational burdens that often hamper clinicians, allowing them to dedicate their time and energy to providing exceptional care and rediscovering the joy of practicing medicine. Our mission is to revolutionise the future of care enablement by empowering clinicians to build healthier communities and establish financially sustainable practices. With a global team of 13,241 professionals, including 687 technologists and 3,111 clinical staff, we are dedicated to enhancing the overall experience for both clinicians and patients. IKS Health has earned the trust of 853 clients, ranging from major hospitals and health systems to specialty groups throughout the United States.

Promoters Rekha Jhunjhunwala & RARE Enterprises:

Inventurus Knowledge Solutions Ltd., promoted primarily by Rekha Jhunjhunwala and RARE Enterprises, has submitted a draft red herring prospectus to SEBI for an initial public offering (IPO) in India. The draft indicates that the public issue is solely an offer-for-sale (OFS), meaning the proceeds will go to the selling shareholders.

Shareholders are offloading:

The selling shareholders in the offer for sale (OFS) include Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, and Nishtha Jhunjhunwala Discretionary Trust. Additionally, the promoter group, consisting of Ashra Family Trust and Rajeshkumar Radheshyam Jhunjhunwala, are seeking to offload stakes through this IPO listing.The 36 individual selling shareholders, including Chairman Berjis Minoo Desai and non-executive director Joseph Benardello, will collectively offer a total of Rs. 2.82 crore shares for sale, each with a face value of Rs 1. ICICI Securities Ltd., Jefferies India Pvt., JM Financial Ltd., JPMorgan, and Nomura Financial Advisory and Securities Ltd. have been appointed as the lead managers for the Initial public offering (IPO), as stated in the Draft Red Herring Prospectus (DRHP).

Conclusion: Inventurus Knowledge Solutions Ltd is pursuing an IPO, allowing stakeholders to offload their shares in the company.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.