Inventurus Knowledge Solutions IPO opens today. Check key dates, GMP, price band, subscription and review
Since the IPO is entirely an OFS, the proceeds from the offer will go to the selling shareholders.
Inventurus Knowledge Solutions IPO: price band
The company has fixed a price band of Rs 1265-1329 per share, where investors can bid for 11 shares in one lot and in multiples thereafter.
Inventurus Knowledge Solutions IPO: GMP today
Ahead of the issue, the Inventurus Knowledge Solutions was boasting a GMP of around Rs 422, which is a 32% premium over the issue price.
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Inventurus Knowledge Solutions IPO: Review
Analysts advised investors to subscribe to the IPO as it brings investors an opportunity to invest in a prominent technology-driven healthcare solutions provider.”IKS is well-positioned to capitalize on the growing demand for integrated healthcare solutions. Hence, looking at all attributes we recommend investors to Subscribe to the IPO for the long term,” said Rajan Shinde, Research Analyst at Mehta Equities.
Based on annualised FY24 earnings, and fully diluted post-IPO paid-up capital, the company is asking for a PE of 54.66x, which seems fully priced looking at the company’s financial growth trajectory.
About Inventurus Knowledge Solutions IPO
Founded in 2006, Inventurus Knowledge Solutions offers critical support services to healthcare companies, specializing in areas such as administrative tasks, clinical support, medical documentation management, and virtual medical scribing.
The company’s technology-driven solutions aim to streamline healthcare operations, enhance efficiency, and alleviate administrative burdens, ensuring that healthcare providers can focus more on delivering quality patient care.
For the six months ended September 2024, its revenue from operations doubled to Rs 1283 crore, while profit in the same period rose marginally to Rs 208 crore.
ICICI Securities, Jefferies India, JM Financial, J.P. Morgan India, and Nomura Financial Advisory and Securities (India) are the book running lead managers to the issue.
Inventurus Knowledge Solutions IPO: Opening Date, Allotment and Listing Date
The Inventurus Knowledge Solutions IPO opened up for public subscription on December 12 with the issue closing on December 14. Meanwhile, the allotment for the IPO is expected to be finalised on December 15 and the listing of shares will be on December 19.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
