Inventurus Knowledge Solutions IPO: Issue sees 52.68x subscription on day 3; QIBs booked 80.64x

Inventurus Knowledge Solutions Limited (IKS Health) specialises in providing administrative and support services to healthcare enterprises.

The IPO of Rekha Rakesh Jhunjhunwala-backed Inventurus Knowledge Solutions gained momentum in the afternoon on December 16, the third and final day of bidding, with the issue being subscribed 52.68 times. Stock exchange data revealed that investors bid for 54.6 crore shares against the 1.03 crore shares available.

QIBs or qualified institutional buyers were at the forefront, purchasing 80.64 times the portion reserved for them. Non-institutional investors followed closely, buying 23.25 times their allotted quota. The retail investor portion was subscribed 14.55 times, while the employee portion was booked 5.2 times, NSE data showed.

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The Rs 2,498-crore public offer is a book-built issue, offering a total of 1.88 crore shares, entirely as an offer for sale. The allotment of shares for the IPO is expected to be finalised on December 17, with a tentative listing date on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) scheduled for December 19. The company will not receive any proceeds from the offer, with all proceeds (net of offer-related expenses) being directed to the selling shareholders.

Promoters of the company include Sachin Gupta, Rekha Jhunjhunwala, Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, and Nishtha Jhunjhunwala Discretionary Trust.

Also read: Record Rs 45,650-crore IPO anchor investments led by MFs, FIIs in 2024

Incorporated in 2006, Inventurus Knowledge Solutions Limited (IKS Health) specialises in providing administrative and support services to healthcare enterprises. The company assists doctors and healthcare providers by managing paperwork and administrative tasks, allowing them to focus on patient care.

IKS Health’s offerings include clinical support, medical documentation management, virtual medical scribing, and more. As a healthcare technology company, it aims to streamline processes, reduce administrative burdens for providers, and enhance access to care for patients.

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