The Securities and Exchange Board of India (SEBI) has granted its final observations for the initial public offering (IPO) of Inventurus Knowledge Solutions Limited, marking an important milestone for the healthcare technology company.
The company submitted its draft documents to SEBI on August 13, 2024, and the regulatory approval signals an upcoming public listing that could attract significant investor interest. Let’s look at the IPO structure, financial health, and operational profile of Inventurus Knowledge Solutions as it prepares to go public.
Inventurus Knowledge Solutions is a provider of comprehensive healthcare solutions aimed at supporting both outpatient and inpatient healthcare enterprises. The company serves over 800 healthcare organisations, including health systems, academic medical centres, multi-specialty and single-specialty medical groups, and ancillary healthcare entities.
Inventurus’ operations span several countries, with a focus on the United States, Canada, and Australia, yet the majority of its business is concentrated in the US. With its advanced technology-driven platform, Inventurus assists physician enterprises, enhancing their efficiency and facilitating a smooth healthcare delivery process.
The upcoming IPO of Inventurus Knowledge Solutions comprises an offer for sale (OFS) of up to 28,184,060 equity shares, each with a face value of ₹1. This OFS includes shares from various stakeholders, including the Ashra Family Trust, which is set to sell up to 5,347,924 equity shares.
Additionally, members of the promoter group, including Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, and Nishtha Jhunjhunwala Discretionary Trust, are each expected to sell up to 1,708,846 equity shares.
Other significant stakeholders, such as Joseph Benardello, Gautam Char, Parminder Bolina, Jeffrey Philip Freimark, Berjis Minoo Desai, and Scott D. Hayworth, will also participate in the OFS.
The IPO is managed by a team of book-running lead managers, including prominent financial institutions such as ICICI Securities Ltd, Jefferies India Private Ltd, JM Financial Ltd, J.P. Morgan India Private Ltd, and Nomura Financial Advisory and Securities (India) Private Ltd.
Inventurus Knowledge Solutions has demonstrated impressive financial performance in recent years, reflecting its operational efficiency and strong market demand. For the fiscal year ending March 31, 2024, the company’s revenue from operations soared to ₹18,179.28 million, a marked increase from ₹10,313 million in FY23 and ₹7,636.34 million in FY22.
The company’s Profit After Tax (PAT) also showed a consistent upward trend, rising to ₹3,704.86 million in FY24, compared to ₹3,052.28 million in FY23 and ₹2,329.69 million in FY22.
While cash and cash equivalents saw a decline, recording a negative balance of ₹234.83 million in FY24, the company’s EBITDA increased to ₹5,202.97 million in FY24 from ₹3,603.93 million in FY23, reflecting its efficient management of expenses.
Inventurus Knowledge Solutions operates in a niche yet rapidly growing market, leveraging its technology-driven healthcare solutions to address operational challenges within the healthcare industry.
The Inventurus Knowledge Solutions IPO marks a significant step forward for the company, offering it an opportunity to enhance its financial flexibility and public profile. With SEBI’s approval, the company is well-positioned to make its debut on the stock exchange, opening doors for new investors eager to be part of the rising healthcare technology sector.
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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