- Price Band fixed at ₹1,265 to ₹1,329 per equity share of the face value of ₹1 each of Inventurus Knowledge Solutions Limited
- Anchor Investor Bidding Date – Wednesday, December 11, 2024
- Bid /Offer Opening Date – Thursday, December 12, 2024, and Bid/ Offer Closing Date – Monday, December 16, 2024
- Bids can be made for a minimum of 11 Equity Shares and in multiples of 11 Equity Shares thereafter
NE BUSINESS BUREAU
AHMEDABAD, DEC 10
Rekha Jhunjhunwala-backed initial public offering (IPO) of Inventurus Knowledge Solutions Limited on Tuesday announced it is set to open for public subscription on Thursday, December 12, 2024 and will close Monday, December 16, 2024. The anchor investor bidding date is one working day prior to bid/offer opening date, being Wednesday, December 11, 2024.
At the upper end of the price band, the company seeks to raise ₹2,497.92 crore from the offering.
The price band of the offer has been fixed from ₹1,265 to ₹1,329 per Equity Share.. Bids can be made for a minimum of 11 equity shares and multiples of 11 equity shares thereafter.
The IPO comprises an entirely offer for sale (OFS), with promoters, and individual shareholders divesting up to 18,795,510 equity shares. Promoters participating in the OFS include Ashra Family Trust, Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, and Nishtha Jhunjhunwala Discretionary Trust.
Individual shareholders participating in the OFS include Joseph Benardello, Gautam Char, Parminder Bolina, Jeffrey Philip Freimark, Shane Hsuing Peng, Berjis Minoo Desai, and others.
The company has reserved 65,000 shares worth ₹8.64 crore for its employees.
The company said that 75 per cent of the issue size has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors.
The company is a leading partner for outpatient and inpatient care organisations and has over 800 healthcare organisations as clients, including health systems, academic medical centres, multi-specialty medical groups, single-specialty medical groups and ancillary healthcare organisations as of March this year.
In 2023, Inventurus Knowledge Solutions acquired Aquity Holdings, a company engaged in technology-enabled clinical documentation, medical coding and revenue integrity solutions for healthcare.
Inventurus Knowledge Solutions reported revenue of ₹1,282.87 crore for the six months ended September 30, 2024, up from ₹630.87 crore in the same period last year. For FY24, revenue stood at ₹1,817.92 crore, compared to ₹1,031.30 crore in FY23.
The company’s total expenses for the six months ended September 30, 2024, stood at ₹1,028.57 crore, up from ₹413.18 crore during the same period last year. For FY24, expenses increased to ₹1,441.66 crore from ₹1,390.25 crore in FY23.
Inventurus Knowledge Solutions’ profit for the six months ended September 30, 2024, stood at ₹208.58 crore, compared to ₹205.37 crore in the same period last year. For FY24, profit rose to ₹370.48 crore, compared to ₹305.22 crore in FY23.
The Equity Shares of the Company are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited.
ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, J.P. Morgan India Private Limited, and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers to the issue.
