Inventurus Knowledge Solutions gets the green signal from SEBI to raise funds via IPO

Inventurus Knowledge Solutions supports physician enterprises in the US, Canada, and Australia by offering technology-driven healthcare solutions and a care enablement platform, with a primary focus on the US market. A strong platform is offered by Inventurus Knowledge Solutions to assist healthcare organizations in both inpatient and outpatient settings. Health systems, academic medical centers, multispecialty and single-speciality medical groups, ancillary healthcare entities, and other outpatient and inpatient healthcare delivery organizations were among the more than 800 healthcare organizations that the company served as of March 31, 2024.

Inventurus Knowledge Solutions’ IPO was approved

The Securities and Exchange Board of India (SEBI) has issued its final observation for an initial public offering (IPO) to Inventurus Knowledge Solutions Limited, which is backed by Rekha Jhunjhunwala. The company filed its initial public offering (IPO) paperwork with SEBI on August 13, 2024.

On the date of the Draft Red Herring Prospectus, the promoters held 107,352,790 equity shares with a face value of Re 1 each. This represents 62.57% of the company’s issued, subscribed, and paid-up equity share capital. Up to 28,184,060 equity shares with a face value of Re 1 will be sold as part of Inventurus Knowledge Solutions’ initial public offering (IPO).

Included in OFS

There are up to 5,347,924 equity shares from Ashra Family Trust, up to 1,708,846 equity shares from the promoters Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, and Nishtha Jhunjhunwala Discretionary Trust, up to 4,375,387 equity shares from Joseph Benardello, up to 1,800,000 equity shares each from Gautam Char and Parminder Bolina, up to 1,641,232 equity shares from Jeffrey Philip Freimark, up to 1,032,894 equity shares from Berjis Minoo Desai, and up to 937,858 equity shares from Scott D. Hayworth (Individual Selling Shareholders).

Book Runners for IPO

The issue’s book-running lead managers are Nomura Financial Advisory and Securities (India) Private Ltd, Jefferies India Private Ltd, JM Financial Ltd, J.P. Morgan India Private Ltd, and ICICI Securities Ltd.

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.