The highly anticipated Inventurus Knowledge Solutions IPO, backed by RekhaJhunjhunwala, has set its price band at ₹1,265 to ₹1,329 per equity share with a face value of Re 1. This IPO generates buzz among investors, given its strong backing and robust market potential.
The subscription for the IKS Health IPO opens on Thursday, December 12, and will remain open until Monday, December 16. Moreover, the allocation for anchor investors is scheduled for Wednesday, December 11, offering them an early opportunity to participate.
Additionally, with its competitive pricing and support from prominent investors, the IPO is expected to attract significant attention. Investors looking to diversify their portfolios should keep an eye on this offering as the subscription period approaches.
The price band for the Inventurus Knowledge Solutions IPO has been set at ₹1,265 to ₹1,329 per equity share, representing 1,265 times and 1,329 times the face value of Re 1, respectively. At the upper limit of the price band, the price-to-earnings (P/E) ratio based on diluted EPS for fiscal 2024 stands at 60 times, highlighting its valuation metrics.
Investors must bid for a minimum of 11 equity shares in the IPO and can place bids in multiples of 11 shares after that. This structure ensures accessibility for both retail and institutional investors.
With these details, the IPO offers an intriguing opportunity for those seeking to invest in a high-growth, well-backed company.
The Inventurus Knowledge Solutions IPO has allocated fewer than 75% of the shares to qualified institutional buyers (QIBs), at most 15% to non-institutional investors (NIIs), and up to 10% to retail investors. Additionally, the IPO has reserved 65,000 equity shares for employees.
The company will finalize the basis of allotment for the IPO on Tuesday, December 17. It will initiate refunds on Wednesday, December 18, and credit shares to the demat accounts of successful allottees on the same day. The shares will likely debut on the BSE and NSE on Thursday, December 19.
The company’s promoters include Sachin Gupta, Rekha Jhunjhunwala, and the Aryaman, Aryavir, and Nishtha Jhunjhunwala Discretionary Trusts. Their prominent backing and strategic share allocation are set to attract significant attention from investors to the IPO.
Founded in 2006, Inventurus Knowledge Solutions Limited (IKS Health) provides specialized services to healthcare organizations, focusing on administrative support. The company helps doctors and healthcare providers manage their paperwork and other administrative tasks, allowing them to focus on patient care. IKS Health offers various services, including clinical support, medical documentation management, virtual medical scribing, and more.
This healthcare technology firm aims to streamline patient care access and reduce the administrative burden on healthcare professionals.
According to the red herring prospectus (RHP), IKS Health stands out in the market. No other listed companies in India or abroad offer a similar business model or operate at a comparable scale, making it challenging to compare the company with industry peers.
The Inventurus Knowledge Solutions IPO is a book-built offering, with 1.88 crore shares being offered entirely through an offer-for-sale (OFS) component. This unique opportunity presents potential for investors to enter the growing healthcare technology sector.
The selling shareholders in the Inventurus Knowledge Solutions IPO include the AshraFamily Trust, Joseph Benardello, Gautam Char, Parminder Boina, the AryamanJhunjhunwala Discretionary Trust, the Aryavir Jhunjhunwala Discretionary Trust, theNishtha Jhunjhunwala Discretionary Trust, Jeffery Phillip Freimark, Shane Hsuing Peng, and Berjis Minoo Desai.
Additionally, the book-running lead managers for the IPO are 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. Link Intime India Private Ltd serves as the registrar for the offering.
Moreover, the IKS Health IPO GMP (Grey Market Premium) today stands at +225, indicating that the shares are trading at a premium of ₹225 in the grey market, according to Investorgain.com.
Considering the upper end of the IPO price band and the current grey market premium, the estimated listing price of Inventurus Knowledge Solutions shares is expected to be around ₹1,554 apiece. This reflects a potential 16.93% gain over the IPO price of ₹1,329, presenting an attractive opportunity for investors.
