Inventurus Knowledge Solutions IPO is a book-built issue of Rs 2,497.92 crores. The issue is entirely an offer for sale of 1.88 crore shares.
IPO opens for subscription on December 12, 2024, and closes on December 16, 2024. The price band is set at ₹1265 to ₹1329 per share. The minimum lot size for an application is 11 Shares.
Company Summary
Incorporated in 2006, Inventurus Knowledge Solutions Limited (IKS Health) provides services to healthcare enterprises such as handling administrative chores/work. The company helps doctors and other healthcare providers by handling their paperwork and administrative tasks. IKS Health offers services such as clinical support, medical documentation management, virtual medical scribing, and more.
The company is a healthcare technology company that helps make it easier and faster for patients to get the care they need while reducing the administrative burden on healthcare providers.
Inventurus Knowledge Solutions Limited offers a platform that enables healthcare enterprises in outpatient and inpatient care.
Outpatient service facilities, also known as ambulatory care, provide medical care without requiring admission to a hospital or other facility and include observation, consultation, diagnosis, rehabilitation, intervention, and treatment services.
Inpatient care refers to the provision of medical treatment for patients who have been admitted to a hospital or medical facility, requiring an overnight stay or an extended duration.
As of September 30, 2024, IKS serves over 778 healthcare organizations, including health systems, multi-specialty medical groups, and other outpatient and inpatient providers. Key clients include Mass General Brigham Inc., Texas Health Care PLLC, and The GI Alliance Management.
The company has a team of over 13,528 employees, including 2,612 clinically-trained professionals, and a consultative sales force operating in the US, Canada, and Australia.
Company Strengths:
- Comprehensive one-stop platform with diversified offerings across the outpatient and inpatient care value chain serving key stakeholders such as patients, physicians, nurses, and healthcare organizations.
- Leveraging digital evolution, transformation, and automation technologies to create sustained value based on outcomes delivered.
- Strong brand amongst healthcare organizations and physicians.
- Sustainable and scalable business model offering clients flexibility and cost-savings and high-touch 215 engagement through access to project executive sponsors and leadership teams creating cross-selling opportunities.
Company Financials
Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 2,790.52 | 3,027.52 | 988.31 | 787.52 |
Revenue | 1,294.61 | 1,857.94 | 1,060.16 | 784.47 |
Profit After Tax | 208.58 | 370.49 | 305.23 | 232.97 |
Net Worth | 1,377.11 | 1,157.86 | 828.64 | 647.07 |
Reserves and Surplus | 1,360.17 | 1,140.94 | 811.80 | 630.26 |
Total Borrowing | 828.63 | 1,193.42 | – | – |
Amount in ₹ Crore |
Objectives of the IPO
The company will not receive any proceeds from the Offer and all such proceeds (net of any Offer-related expenses to be borne by the Selling Shareholders) will go to the Selling Shareholders
Promoters of the company
The Promoters of our Company are:
1. Sachin Gupta
2. Rekha Jhunjhunwala
3. Aryaman Jhunjhunwala Discretionary Trust
4. Aryavir Jhunjhunwala Discretionary Trust
5. Nishtha Jhunjhunwala Discretionary Trust
The Promoters hold 107,352,790 Equity Shares of the face value of ₹ 1 each in the aggregate, representing 62.57% of the issued, subscribed, and paid-up Equity Share capital of the Company.
IPO details
IPO Date | December 12, 2024 to December 16, 2024 |
Listing Date | Thursday, December 19, 2024 |
Face Value | ₹1 per share |
Price Band | ₹1265 to ₹1329 per share |
Lot Size | 11 Shares |
Total Issue Size | 18,795,510 shares (aggregating up to ₹2,497.92 Cr) |
Offer for Sale | 18,795,510 shares of ₹1 (aggregating up to ₹2,497.92 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Lot allocation details
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 11 | ₹14,619 |
Retail (Max) | 13 | 143 | ₹190,047 |
S-HNI (Min) | 14 | 154 | ₹204,666 |
S-HNI (Max) | 68 | 748 | ₹994,092 |
B-HNI (Min) | 69 | 759 | ₹1,008,711 |
Allotment Schedule
Basis of Allotment | Tuesday, December 17, 2024 |
Initiation of Refunds | Wednesday, December 18, 2024 |
The credit of Shares to Demat | Wednesday, December 18, 2024 |
Listing Date | Thursday, December 19, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on December 16, 2024 |
IPO Reservation
Investor Category | Shares Offered |
QIB Shares Offered | Not less than 75% of the Offer |
Retail Shares Offered | Not more than 10% of the Offer |
NII (HNI) Shares Offered | Not more than 15% of the Offer |
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