Inventurus Knowledge Solutions (IKS Health) targeted to complete the digitisation of the subscription period on the final day, with the total offering oversubscribed by a ratio of 7.2 to 1. The primary objective of the issue seeking to raise ₹2,497.92 crores is the sale of 1.88 crore shares.
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Inventurus Knowledge Solutions IPO: Issue Details
The offering has a window which runs from December 12, 2024 to December 16, 2024, although the shares will only be distributed on December 17, 2024. The shares of Inventurus knowledge solutions are expected to be listed on stock exchange on December 19, 2024.
Inventurus Knowledge Solutions IPO: Subscription Details
All the sectors consisting of common men and other retail non-institutional investors raised their heads with e-issues collaboration with Inventurus Knowledge Solutions for their IPO which slowly started garnering attention after a slow phase.
The portion for qualified institutional buyers(QIBs) was subscribed about 4.47x as there had been sufficient interest for the 56.19 lakh shares on offer, with 2.51 crore shares announced. For the other non-institutional investors (NIIs) there is a portion of 28.09 lakh shares that are reserved for them. The portion was booked 11.77x with an offer of 3.31 crore shares.
Retail investors’ interest in the IPO was encouraging as their quota was oversubscribed by 8.69 times. The firm provided 18.73 lakh shares for the retail crowd who managed to place bids for 1.63 crore shares.
On Day 3, the issue was completely subscribed by 7.21 times as bids were made for 7.47 crore shares as against 1.03 crore shares available.
As per the report of Inventurus Knowledge Solutions, the company managed to garner ₹1,120.18 crores from anchor investors on December 11, 2024. Of the total stake held by the anchor investors, 30 percent can be sold after a 30-day period while the remaining 70 percent can only be sold after 90 days.
Inventurus Knowledge Solutions IPO: Price Band and Lot Size
The public issue of Inventurus Knowledge Solutions has a price band fixed at ₹1,265-₹1,329 a share. The issue comes with a lot size of 11 shares. This will therefore mean that to apply for the Inventurus Knowledge Solution IPO, an investor will require a minimum investment amount of ₹14619. Non-institutional and large non-institutional investors were assigned a minimum eligibility of 14 lots and 69 lots respectively.
About Inventurus Knowledge Solutions
Inventurus Knowledge is concerned with outpatient services in the administration of healthcare services. The company, for example, provides assistance to doctors with their authorization of business, medical scribing, support with clinical activities, and the management of medical records.
More importantly, the company assists healthcare organizations with outpatient and inpatient services.
The company began its operations in 2006, where the company informs that the promoter group includes Sachin Gupta, Rekha Jhunjhunwala, Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, and Nishtha Jhunjhunwala Discretionary Trust.
Further, since the initial public offer is only a part sale (Offer for Sale) of shares and not a full public offering, the shareholders who are retained will be the selling shareholders in the case of such a long existing private share listing on the market.
Shareholding of the promoter group will drop to 60.61% from 69.73% after the issue.
For the quarter ending September 30, 2024 the revenue of Inventurus Knowledge Solutions was ₹1,294 crores. The net profit for the third quarter of the year amounted to ₹ 208.58 crores.
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