Inventurus Knowledge Solutions IPO Opened Today, Day 1 Subscription Status

Inventurus Knowledge Solutions IPO: Subscription Details 

(December 12, 2024, 3:00 p.m.)

The Inventurus Knowledge Solutions IPO was off to a tepid start on Day 1 with the issue being subscribed 0.21 times.

The portion for qualified institutional buyers (QIBs) was subscribed 1.47 times with bids for 82.78 lakh shares against 56.19 lakh shares on offer. The company has set aside 28.09 lakh shares for the non-institutional investors (NIIs) segment. The portion was booked 0.35 times with bids for 9.91 lakh shares.

The retail investor segment garnered decent interest with the portion being subscribed 1.06 times. The company has set aside 18.73 lakh shares for retail investors and has received bids for 19.86 lakh shares. The Inventrus IPO also has a portion reserved for employees with 65,000 shares on offer. The employee portion received bids for 27,819 shares, or 0.43 times.

On Day 1, the issue was subscribed a total of 1.09 times with bids for 1.12 crore shares against 1.03 crore shares on offer.

On December 11, 2024, Inventurus Knowledge Solutions raised ₹1,120.18 crore from anchor investors. The lock-in period for 50% of the shares for anchor investors is 30 days while the lock-in period for the remainder is 90 days.

Inventurus Knowledge Solutions IPO: Price Band and Lot Size

The price band for the Inventurus Knowledge Solutions IPO Is set at ₹1,265 to ₹1,329 per share. The issue has a lot size of 11 shares. To apply to the Inventurus Knowledge Solutions IPO, a minimum investment of ₹14,619 will be required. The minimum lot size for small non-institutional investors and big non-institutional investors has been set at 14 lots and 69 lots, respectively.

About Inventurus Knowledge Solutions

Inventurus Knowledge Solutions was founded in 2006. The company provides administrative services to the healthcare sector. The company offers medical professionals assistance in handling their paperwork, medical scribing, clinical support, and management of medical documentation.

The company also supports healthcare companies in outpatient and inpatient care.

Since the IPO consists only of an offer-for-sale component, the proceeds of the issue will go to the selling shareholders. The promoter group of the company include Sachin Gupta, Rekha Jhunjhunwala, Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, and Nishtha Jhunjhunwala Discretionary Trust.

Following the issue, the shareholding of the promoter group will reduce from 69.73% to 60.61%.

For the quarter ended September 30, 2024, Inventurus Knowledge Solutions reported a revenue of ₹1,294 crore. The net profit for the quarter came in at ₹208.58 crore.