Inventurus Knowledge Solutions IPO to open on december 12, 2024

Inventurus Knowledge Solutions will open its initial public offering (IPO) of equity shares on December 12, 2024. The Anchor Investor Bidding Date is set for December 11, 2024, with the bid/offer closing date on December 16, 2024.

The IPO price band has been fixed at Rs 1,265 to Rs 1,329 per equity share. Investors can bid for a minimum of 11 equity shares and in multiples of 11 thereafter. The offer comprises a sale of up to 18,795,510 equity shares with a face value of Rs 1 each.

The offer includes contributions from promoter and individual selling shareholders. Among the promoter selling shareholders are Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, and Nishtha Jhunjhunwala Discretionary Trust, each offering up to 1,119,300 equity shares. The promoter group includes entities such as Ashra Family Trust and Rajeshkumar Radheshyam Jhunjhunwala. Individual shareholders such as Berjis Minoo Desai, Shane Hsuing Peng, and Gautam Char are also participating in the offer.

The IPO includes a reservation of up to 65,000 equity shares for eligible employees, forming the employee reservation portion, which constitutes not more than 5 per cent of the company’s post-offer equity share capital. The remaining shares are offered as the net offer.

The IPO follows Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, and is being conducted through the book-building process. Allocation includes 75 per cent of the net offer reserved for Qualified Institutional Buyers (QIBs), 15 per cent for Non-Institutional Investors (NIIs), and 10 per cent for Retail Individual Investors (RIIs). Employees will also receive allocations from the employee reservation portion.

Bids will be processed through the Application Supported by Blocked Amount (ASBA) system. The company’s shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

The Book Running Lead Managers for the IPO are ICICI Securities, Jefferies India, JM Financial, J.P. Morgan India, and Nomura Financial Advisory and Securities (India).

Inventurus Knowledge Solutions provides technology-enabled healthcare solutions. Its care enablement platform supports physician enterprises in the US, Canada, and Australia, focusing on the US market. The company enables healthcare organisations to deliver clinical care, improve population health outcomes, and transition to the fee-for-value model while optimising revenue and reducing costs.