The much-awaited IPO of Inventurus Knowledge Solutions Ltd will be open for subscription from December 12, 2024, to December 16, 2024, with shares set to list on December 19, 2024. The price band has been fixed between ₹1,265 and ₹1,329 per share, with a lot size of 11 shares, requiring a minimum investment of approximately ₹14,619. At the upper price band, the IPO aims to raise ₹2,497.92 crore, entirely through an Offer for Sale (OFS) of 1,87,95,510 shares.
The IPO proceeds will go entirely to the selling shareholders, including promoter entities such as the Ashra Family Trust and various Jhunjhunwala discretionary trusts. As of September 2024, the promoters held 62.57% of the company’s equity share capital.
Inventurus Knowledge Solutions Ltd (IKS) is into healthcare revenue cycle management (RCM) and technology solutions. The company provides services like medical billing, coding, claims processing, and analytics to healthcare providers globally, primarily in the United States. It leverages technologies such as AI and automation to boost operational efficiency.
The IPO’s registrar is Link Intime India, with lead managers including ICICI Securities, Jefferies India, JM Financial, JP Morgan India, and Nomura Financial Advisory and Securities (India).
For FY24, IKS reported a 75.3% growth in revenue, reaching ₹1,857.94 crore, compared to ₹1,060.16 crore in FY23. Profit After Tax (PAT) rose to ₹370.49 crore from ₹305.23 crore in the previous fiscal year. The company’s total assets saw an increase to ₹3,027.52 crore in FY24. Reserves and surplus grew by 40.6%, showing their financial positioning.
All in all, Inventurus Knowledge Solutions Ltd’s IPO offers investors the chance to engage with a company at the intersection of healthcare and technology. With its financial performance and expansive global presence, this IPO will be interesting to watch.
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.
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