Inventurus Knowledge Solutions, a prominent healthcare technology solutions provider, recently concluded its Initial Public Offering (IPO) with significant investor interest. The IPO, which opened on December 12 and closed on December 16, 2024, was entirely an Offer for Sale (OFS) amounting to ₹2,497.92 crore, with no fresh issue of shares.
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IPO Specifics
- Price Band: The shares were sold for between ₹1,265 and ₹1,329 each.
- Lot Size: At the higher price range, investors would need to pay a minimum of around ₹14,619 and may bid in lots of 11 shares.
- Subscription Status: There was strong demand for the IPO, as seen by the 52.70 times total subscription rate. There were 14.65 subscriptions for the Retail Individual Investors (RIIs) section, 23.27 for the Non-Institutional Investors (NII) category, and 80.64 for the Qualified Institutional Buyers (QIBs) segment.
Allotment and Listing
- Allotment Date: The basis of allotment was finalized on December 17, 2024.
- Listing Date: The shares are scheduled to be listed on the BSE and NSE on December 19, 2024.
Grey Market Premium (GMP)
The IPO has been commanding a strong grey market premium, indicating positive investor sentiment. As of December 17, 2024, the GMP was around ₹407 to ₹420 per share, suggesting a potential listing price of approximately ₹1,736 to ₹1,749 per share, which translates to a premium of about 30.62% over the issue price.
Overview of the Company
In the United States, Canada, and Australia, Inventurus Knowledge Solutions specializes in offering care enablement solutions to hospitals, physician businesses, and outpatient care groups. With more than 13,528 workers worldwide which includes more than 2,612 clinically qualified experts, the firm helps more than 778 healthcare institutions.
Promoters
The Jhunjhunwala family trusts and Sachin Gupta are among the company’s promoters. The promoter’s stake was 69.73% prior to the issue and is anticipated to drop to 60.61% after the issue.
Making Use of the Proceeds
The company will not receive any proceeds from the issue. They won’t get any money from the IPO because it was only an offer for sale. Net of any costs associated with the offer, the money will be distributed to the selling shareholders.
How to Check Allotment Status
Investors can check their allotment status through the following methods:
- BSE Website:
- Visit the BSE allotment status page.
- Select ‘Equity’ and choose ‘Inventurus Knowledge Solutions Limited’ from the dropdown.
- Enter your application number or PAN and click ‘Search’.
- Registrar’s Website (Link Intime India):
- Go to the Link Intime IPO status page.
- Select ‘Inventurus Knowledge Solutions Limited’ from the list.
- Enter your PAN, application number, or DP/Client ID and click ‘Search’.
What Sets IKS Apart
- Global Reach: Supporting over 778 healthcare organizations worldwide, IKS has established itself as a trusted partner in care enablement.
- Innovative Workforce: With over 2,600 clinically trained professionals, the company combines technological expertise with deep healthcare knowledge, offering a unique value proposition to its clients.
- Prominent Promoters: The involvement of established figures like Sachin Gupta and the Jhunjhunwala family trusts adds credibility and attracts investor attention.
Conclusion
The successful subscription of Inventurus Knowledge Solutions’ IPO reflects a lot of strong investor confidence in the company’s business model and growth prospects. As the shares debut on the stock exchanges, stakeholders will keenly observe the company’s performance and its impact on the healthcare technology sector.
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