Subscribe for Inventurus Knowledge Solutions Ltd IPO; Geojit Financial Services

Geojit Financial Services, has come out with its report on Inventurus Knowledge Solutions Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on December 11 2024.

Broker Research

December 12, 2024 / 14:29 IST

IPO

Geojit Financial Services, Inventurus Knowledge Solutions Ltd

Inventurus Knowledge Solutions Ltd. (IKSL), founded in 2006, is a tech-driven healthcare solutions provider focused on the US market. IKSL’s care enablement platform supports healthcare enterprises in the US, Canada, and Australia by streamlining administrative, clinical, and operational tasks, enhancing clinical outcomes, optimizing revenue, reducing burnout, and enabling value-based care through digital health solutions. As of September 30, 2024, IKSL served 778 healthcare organization. The US health provider enablement technology market is projected to reach $323 billion by 2028, driven by a growing supply-demand gap among healthcare professionals, shrinking margins, and rising healthcare consumerism. In October 2023, IKSL acquired Aquity Holdings, a provider of technologydriven clinical documentation, medical coding, and revenue integrity solutions. The acquisition enables IKSL to cross-sell to Aquity’s 804+ customers (as of March 31, 2024) and expand its market reach.

Valuation and Outlook

At the upper price band of Rs.1329, IKSL is available at a P/E of 54.6x (on FY25 Annualised), which appears fairly priced. Considering its asset light and scalable model with high margin operations, diversified product offerings, significant expansion potential post acquiring Aquity Holdings, we recommend Subscribe rating to the issue on a medium to long term basis.

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