Inventurus Knowledge Solutions IPO
- IPO Date12 Dec, 2024 to 16 Dec, 2024
- Listing Date19 Dec, 2024
- Face Value₹1 per share
- Issue Price₹1265 to ₹1329 per share
- Lot Size11 Shares
- Minimum Investment₹14,619
- Listing AtBSE, NSE
- Total Issue Size1,87,95,510 Shares
(aggregating up to ₹2497.92 Cr) - Fresh Issue1,87,95,510 Shares
(aggregating up to ₹2497.92 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue17,15,73,159
- Shareholding post issue17,15,73,159
IPO Dates
Closing Date
16 Dec, 2024
Initiation of Refunds
18 Dec, 2024
Listing Date
19 Dec, 2024
12 Dec, 2024
Opening Date
17 Dec, 2024
Basis of Allotment
18 Dec, 2024
Credit of Shares
Inventurus Knowledge Solutions Lot Size
Investors can bid for a minimum of 11 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 11 | ₹14,619 |
| B-HNI (Min) | 69 | 759 | ₹10,08,711 |
| S-HNI (Max) | 68 | 748 | ₹9,94,092 |
| Retail (Max) | 13 | 143 | ₹1,90,047 |
| S-HNI (Min) | 14 | 154 | ₹2,04,666 |
Inventurus Knowledge Solutions Promoter Holding
Sachin Gupta, Rekha Jhunjhunwala, Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust and Nishtha Jhunjhunwala Discretionary Trust are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 69.73% | 60.61% |
Inventurus Knowledge Solutions COMPANY INFORMATION
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. Inventurus Knowledge Solutions IPO opens for subscription on December 12, 2024 and closes on December 16, 2024. The allotment for the Inventurus Knowledge Solutions IPO is expected to be finalized on Tuesday, December 17, 2024. Inventurus Knowledge Solutions IPO will list on BSE, NSE with tentative listing date fixed as Thursday, December 19, 2024. Inventurus Knowledge Solutions IPO price band is set at ₹1265 to ₹1329 per share. The minimum lot size for an application is 11 Shares. The minimum amount of investment required by retail investors is ₹14,619. The minimum lot size investment for sNII is 14 lots (154 shares), amounting to ₹204,666, and for bNII, it is 69 lots (759 shares), amounting to ₹1,008,711. ICICI Securities Limited, Jefferies India Private Limited, Jm Financial Limited, J.P. Morgan India Private Limited and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the Inventurus Knowledge Solutions IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Inventurus Knowledge Solutions IPO RHP for detailed information.
Incorporated in 2006, Inventurus Knowledge Solutions (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 offer 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.
Their Competitive 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.
Inventurus Knowledge Solutions IPO
IPO Overview and Key Highlights
Inventurus Knowledge Solutions (IKS), a Navi Mumbai-based provider of healthcare technology and outsourcing solutions, is offering its Initial Public Offering (IPO). This IPO comprises an Offer for Sale (OFS) of up to 18,795,510 equity shares at a face value of ?1 each. The IPO seeks to enable the selling shareholders to offload their stake while listing the company on the stock exchanges. The shares will be listed on the NSE and BSE.
Key IPO Details
- Type of Issue: 100% Book Built Issue
- Offer Size: 18,795,510 equity shares (OFS)
- Face Value: ?1 per share
- Offer Opens: December 12, 2024
- Offer Closes: December 16, 2024
- Listing Exchange: NSE and BSE
Company Overview
Founded in 2006 and headquartered in Navi Mumbai, IKS specializes in providing integrated healthcare technology and outsourcing solutions to clients across the United States. The company operates through a network of subsidiaries and partners, delivering high-quality and cost-effective healthcare support services. Key promoters include Sachin Gupta, Rekha Jhunjhunwala, and three discretionary trusts led by the Jhunjhunwala family.
Financial Overview
IKS has exhibited steady growth in financial performance, supported by its expertise in the healthcare domain and an expanding client base in the U.S. healthcare market. The IPO proceeds are intended for the selling shareholders, with no new capital infusion into the business.
Key Strengths of Inventurus Knowledge Solutions
- Established Expertise: A significant player in the healthcare outsourcing domain with over a decade of experience.
- Strong Client Relationships: Long-term contracts with healthcare providers in the U.S. market.
- Scalable Operations: Capacity to deliver services through technology-enabled platforms across geographies.
IPO Pros and Cons
Pros
- Industry Leadership: Positioned in the growing global healthcare outsourcing and technology sector.
- Steady Revenue Streams: Long-term partnerships with major healthcare providers.
- Reputable Promoters: Promoters with significant expertise in healthcare and finance.
Cons
- Market Dependency: Revenue highly concentrated in the U.S. healthcare sector.
- Regulatory Challenges: Adherence to healthcare laws and compliance in the U.S. and India.
- No Fresh Issue: No capital inflow for operational growth; purely an OFS.
Risk Factors
Investors should consider the following risks:
- Economic Sensitivity: Dependency on U.S. healthcare regulations and funding policies.
- Market Competition: Competition from global healthcare outsourcing and technology providers.
- Operational Risks: Expanding scale while maintaining service quality and compliance.
Conclusion
The IKS IPO offers a chance to invest in a leading healthcare outsourcing and technology solutions provider. With strong industry credentials and an expanding market presence, the company is positioned for long-term growth. However, investors should carefully evaluate risks such as revenue concentration and regulatory compliance before making a decision.
FAQs About Inventurus Knowledge Solutions Ipo
Inventurus Knowledge Solutions IPO will open on 12 Dec, 2024 and close on 16 Dec, 2024. Investors must apply within this period to participate.
The Inventurus Knowledge Solutions IPO price band is set between ₹1265.00 and ₹1329.00 per share. The minimum lot size is 11, requiring an investment of at least ₹14619.00.
The Inventurus Knowledge Solutions IPO shares are expected to be listed on 19 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Inventurus Knowledge Solutions IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Inventurus Knowledge Solutions IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.