Inventurus Knowledge Solutions IPO: Know the Price Band and Key Details

The Inventurus Knowledge Solutions IPO will offer 1.88 crore equity shares. The entire offering is through an offer-for-sale (OFS) mechanism. It will open on December 12 and close on December 16. The IPO aims to raise funds for business expansion.

IPO Structure and Reservations

The issue is divided into specific reservation categories to ensure a balanced distribution among different investor groups.

A substantial 75% of the total issue size is reserved for Qualified Institutional Buyers (QIBs). Non-Institutional Investors (NIIs) have been allocated 15%, while retail investors are allotted 10% of the offer.

Additionally, a special provision has been made for employees of the company, with up to 65,000 equity shares reserved specifically for them at a ₹13 discount to the issue price.

Price, Dates, and Key Information

The price band for the IPO is set between ₹1,265 and ₹1,329 per equity share. The offering will open for subscription on December 12, 2024, and close on December 16, 2024.

For those looking to place bids, the minimum lot size is 11 shares, and investors can bid in multiples of 11 shares thereafter.

The allocation to anchor investors is scheduled for December 11, 2024, with the basis of allotment expected to be finalised by December 17, 2024. The listing of Inventurus Knowledge Solutions shares on the BSE and NSE is anticipated to take place on December 19, 2024.

Purpose of Funds

Inventurus Knowledge Solutions will not receive any funds from the IPO proceeds. After accounting for the offer expenses, the net proceeds will be directed to the selling shareholders.

Book-Running Lead Managers and Registrar

The IPO is backed by a group of prominent book-running lead managers, including major financial institutions such as ICICI Securities Ltd, Jefferies India Pvt Ltd, JM Financial Ltd, J.P. Morgan India Pvt Ltd, and Nomura Financial Advisory and Securities (India) Pvt Ltd. Furthermore, Link Intime India Pvt Ltd has been designated as the registrar for the IPO process.

Company Overview

Inventurus Knowledge Solutions (IKS Health), founded in 2006, is a leading provider of healthcare solutions aimed at reducing the administrative burden on healthcare professionals. The company offers services such as clinical support, medical documentation management, and virtual medical scribing. These services enable healthcare providers to focus more on patient care by offloading administrative tasks.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.