Inventurus Knowledge Solutions IPO: Strong Demand Fuels Subscription, Bidding Closes with 3.41x Oversubscription
The Inventurus Knowledge Solutions IPO has seen an overwhelming response, being subscribed 3.41 times by the final day of its bidding process, thanks to robust participation from retail and non-institutional investors.
IPO Subscription Details:
- Total Bids: 3.55 crore bids for the 1.03 crore shares available for subscription.
- Retail Investors: Oversubscribed 5.40 times.
- Non-Institutional Investors (NIIs): Oversubscribed 5.20 times.
- Qualified Institutional Buyers (QIBs): Subscribed 1.9 times.
This Rs 2,498 crore IPO, which is entirely an offer-for-sale (OFS) of 1.87 crore shares, was open for subscription until December 16.
Grey Market Premium (GMP):
Ahead of the listing, shares of Inventurus Knowledge Solutions are trading at a 30% premium in the unlisted market, with shares priced between Rs 400-405.
IPO Review:
Analysts have recommended subscribing to the IPO, citing Inventurus Knowledge Solutions as a prominent technology-driven healthcare solutions provider well-positioned to benefit from the growing demand for integrated healthcare services. Rajan Shinde, Research Analyst at Mehta Equities, advised investors to consider the IPO for long-term growth.
However, the IPO is priced at a PE of 54.66x based on FY24 annualized earnings, which is seen as fully priced given the company’s financial trajectory.
Company Overview:
Founded in 2006, Inventurus Knowledge Solutions offers crucial support services to healthcare companies. It specializes in administrative tasks, clinical support, medical documentation management, and virtual medical scribing. The company’s technology-driven solutions aim to streamline healthcare operations, enhance efficiency, and alleviate administrative burdens, thus allowing healthcare providers to focus on quality patient care.
For the six months ending September 2024, the company saw its revenue from operations double to Rs 1,283 crore, while its profit marginally increased to Rs 208 crore.
IPO Timeline:
- Opening Date: December 12, 2024
- Closing Date: December 16, 2024
- Allotment Date: December 15, 2024
- Listing Date: December 19, 2024
The IPO is being managed by ICICI Securities, Jefferies India, JM Financial, J.P. Morgan India, and Nomura Financial Advisory & Securities. With strong investor interest, this IPO presents a unique opportunity to invest in a key player in the healthcare sector.
