Inventurus Knowledge Solutions IPO Day 3: Retail Portion booked over 8 times

Inventurus Knowledge Solutions IPO: Subscription Details

(December 16, 2024, 12:55 p.m.)

After seeing a lacklustre start, the Inventurus Knowledge Solutions IPO saw an uptick in demand, with the issue garnering significant interest from non-institutional and retail investors.

The qualified institutional buyers (QIBs) portion drew in strong demand as the portion was subscribed 4.47 times with bids for 2.51 crore shares against 56.19 lakh shares on offer. For the non-institutional investors (NIIs) segment, the company has set aside 28.09 lakh shares. The portion was booked 11.77 times with bids for 3.31 crore shares.

The retail investor segment received a positive response as well, with the portion being subscribed 8.69 times. The company has set aside 18.73 lakh shares for retail investors and has received bids for 1.63 crore shares. 

On Day 3, the issue was subscribed a total of 7.21 times, with bids for 7.47 crore shares against 1.03 crore shares on offer.

Inventurus Knowledge Solutions reported that it raised ₹1,120.18 crores from anchor investors on December 11, 2024. 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. A minimum investment of ₹14,619 will be required to apply to the Inventurus Knowledge Solutions IPO. 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 provides administrative services to the healthcare sector. The company's services include offering 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.

Founded in 2006, the promoter group of the company include Sachin Gupta, Rekha Jhunjhunwala, Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, and Nishtha Jhunjhunwala Discretionary Trust.

Since the IPO consists only of an offer-for-sale component, the proceeds of the issue will go to the selling shareholders.

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.