Inventurus Knowledge Solutions files DRHP with SEBI

Inventurus Knowledge Solutions, a technology-enabled healthcare solutions provider and a care enablement platform assisting physician enterprises in the US, Canada and Australia, with a focus on the US markets, has filed its Draft Red Herring Prospectus with market regulator Securities and Exchange Board of India. 

The Company’s initial public offering comprises an offer for sale of up to 28,184,060 equity shares of face value of ₹1. The offer for sale comprises of up to 5,347,924 equity shares by Ashra Family Trust, up to 1,708,846 equity shares by Aryaman Jhunjhunwala Discretionary Trust, up to 1,708,846 equity shares by Aryavir Jhunjhunwala Discretionary Trust, up to 1,708,846 equity shares by Nishtha Jhunjhunwala Discretionary Trust  (Promoter Group Selling Shareholders), up to 4,375,387 equity shares by Joseph Benardello, up to 1,800,000 equity shares by Gautam Char, up to 1,800,000 equity shares by Parminder Bolina, up to 1,641,232 equity shares by Jeffrey Philip Freimark, up to 1,032,894 equity shares by Berjis Minoo Desai, up to 937,858 equity shares by Scott D Hayworth (Individual Selling Shareholders).

Inventurus Knowledge Solutions is a partner for outpatient and inpatient care organisations, enabling healthcare organisations to deliver clinical care, improve population health outcomes, and transition to the fee-for-value model while optimising their revenue and reducing operating costs. 

As of March 31, 2024, Inventurus Knowledge Solutions has over 800 healthcare organisations as clients, including health systems, academic medical centres, multi-specialty medical groups, single-specialty medical groups, ancillary healthcare organisations and other outpatient and inpatient healthcare delivery organisations. Some of the key clients include Mass General Brigham, Texas Health Care, and The GI Alliance Management. 

The company acquired Aquity Holdings, a company engaged in technology-enabled clinical documentation, medical coding and revenue integrity solutions for healthcare in 2023. The company was able to cross-sell to Aquity’s existing base of over 804 customers, as of March 31, 2024, and offer existing solutions to this customer base, thereby increasing the market opportunity.

ICICI Securities, Jefferies India, JM Financial, JP Morgan India and Nomura Financial Advisory and Securities (India) are the Book Running Lead Managers to the issue.