IKS Health IPO GMP: The initial public offering of healthcare enterprise service provider Inventurus Knowledge Solutions Ltd. will open for subscription on Dec. 12. Days ahead of the opening, the grey market premium on the company's stock projected a listing gain of 26.34% on the upper-end of the issue's price band.
Inventurus Knowledge Solutions IPO GMP stood at Rs 350 at 11:02 a.m. on Dec. 10, as per InvestorGain. This projects a decent listing gain over the upper limit of the price band. If the current trends are sustained till the listing date, shares of Inventurus Knowledge Solutions Ltd. are likely to debut on the bourses at Rs 1,679 apiece.
Notably, GMP or grey market price is not an official price quote for the stock and is based on speculation.
Inventurus Knowledge Solutions IPO: Dates, Price Band And Offer Size
The Inventurus Knowledge Solutions IPO's subscription window will be open between Dec. 12 and Dec. 16. The share allotment of the issue is expected to be finalised on Dec. 17.
The Rs 2,497.92-crore issue is an entirely offer-for-sale of 1.88 crore shares.
Inventurus Knowledge Solutions IPO price band has been set at Rs 1,265 to Rs 1,329 per share.
Retail investors are required to apply for a minimum of 11 shares in a single lot. This takes the minimum investment to subscribe to the issue is Rs 14,619 for a single lot.
Link Intime India Pvt. is the registrar for the offer. The book-running lead managers of the IPO include ICICI Securities Ltd., Jefferies India Pvt., JM Financial Ltd., JP Morgan India Pvt. and Nomura Financial Advisory And Securities (India) Pvt.
Shares of Inventurus Knowledge Solutions Ltd. are likely to list on BSE and NSE on Dec. 19
Use Of Proceeds
Inventurus Knowledge Solutions will not receive any proceeds from the IPO as the issue comprises entirely of an offer-for-sale component.
About Inventurus Knowledge Solutions Ltd.
Inventurus Knowledge Solutions Ltd. caters to healthcare enterprises, offering services such as handling administrative work. It handles the paperwork of doctors and other healthcare providers, offering services including clinical support, medical documentation management, virtual medical scribing and more.
As of Sept. 30, 2024, the company was serving 778 healthcare organisations like Mass General Brigham Inc., Texas Health Care PLLC, and The GI Alliance Management.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
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