Inventurus Knowledge Solutions Ltd.'s initial public offering opened for subscription on Thursday, with the issue subscribed 1.36 times. The portion for Qualified Institutional Buyers and retail investors have been fully subscribed.
The IPO is a pure offer for sale worth Rs 2,497.92 crore, with a total issue size of Rs 2,797.92 crore. The price band for the shares has been set at Rs 1,265 to Rs 1,329 per share. The three-day subscription window closes on Monday, Dec. 16.
Ahead of the IPO, the Navi Mumbai-based healthcare solutions provider raised Rs 1,120 crore from anchor investors on Wednesday. The company allotted 84.2 lakh shares at Rs 1,329 apiece to 61 anchor investors, with domestic mutual funds securing 33.33% of the total allocation through 12 funds across 23 schemes. Post-IPO, the company’s shares will list on the mainboard exchanges—BSE and NSE.
Issue Price
Issue opens: Dec. 12.
Issue closes: Dec. 16.
Issue price: Rs 1,265 to Rs 1,329 per share.
Fresh issue: Nil.
Offer for sale: Rs 2,497.92 crore.
Total issue size: Rs 2,797.92 crore.
Bid lot: 11 shares.
Market value at upper end of price band: Rs 22,802 crore.
Listing: BSE and NSE.
Business
Inventurus Knowledge Solutions, a Navi Mumbai-based technology-enabled healthcare solutions provider, specialises in delivering a care enablement platform for physician enterprises across the US, Canada, and Australia, with a primary focus on the US market.
The firm's platform supports outpatient and inpatient care organisations in delivering clinical care, improving population health outcomes, and transitioning to the "fee for value" model. By partnering with healthcare organisations, Inventurus Knowledge Solutions helps optimise revenue, reduce operational costs, and drive efficiency in healthcare delivery.
The IPO is backed by Rekha Jhunjhunwala and RARE Enterprises. Rekha, who inherited a prominent stock portfolio from her late husband Rakesh Jhunjhunwala, has continued his legacy of significant investments in promising companies. The company filed its preliminary IPO papers in August and received approval from the markets regulator between Nov. 4 and Nov. 8.
Use Of Proceeds
As this is a pure offer for sale, the company will not be receiving any of the IPO proceeds.
Subscription Status: Day 1
The IPO has been subscribed 1.36 times as of 5:00 p.m. on Thursday.
Qualified institutional buyers: 1.54 times.
Non-institutional investors: 0.79 times or 79%.
Retail investors: 1.68 times.
Employee reserve: 0.80 times or 80%.
Inventurus Knowledge Solutions IPO GMP Today
The grey market premium of Inventurus Knowledge Solutions declined to Rs 375 as of 3:58 p.m. on Thursday, according to Chittorgarh's unit InvestorGain. It was Rs 422 a day prior. The estimated listing price based on the GMP is Rs 1,704 per share, implying a premium of 28.22%.
GMP is not an official price quote for the stock and is based on speculation.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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