Inventurus Knowledge Solutions IPO - Day 1 Subscription at 0.09 Times

SInventurus Knowledge Solutions's initial public offering (IPO) received modest investor interest on its opening day. The IPO witnessed measured participation across categories, with subscription rates reaching 0.09 times by 11:33 AM on December 12, 2024.

The IPO, which opened on December 12, 2024, has seen varied participation across categories. The Retail Investors segment has shown the strongest early interest, reaching 0.33 times subscription, while Non-Institutional Investors demonstrated modest participation at 0.10 times. The QIB portion is currently at 0.00 times the subscription.

This initial response comes as the healthcare technology company aims to provide an exit to its existing investors through a complete offer for the sale of shares.

Subscription Status of Inventurus Knowledge Solutions IPO:

*As of 03:35 PM

Here are the subscription details for Inventurus Knowledge Solutions IPO as of Day 1 (12th December 2024, 03:35 PM):
 

Total Applications: 1,84,080

 Inventurus Knowledge IPO Key Highlights:*

• Overall subscription commenced at 0.09 times on day one, reflecting early market response
• Retail investors took the lead with 0.33 times subscription, worth ₹81.211 crores
• Non-institutional investors showed initial interest at 0.10 times the subscription
• QIB portion is yet to see participation in the early hours
• Total bids received for 9,02,869 shares worth ₹119.991 crores
• Applications reached 51,901 on opening day
• Strong anchor investor participation secured ₹1,120.178 crores
• Opening day response indicates measured market assessment
• The initial subscription trend suggests a cautious investor approach
   

*As of 11:33 AM

About Inventurus Knowledge Solutions Limited: 

Incorporated in 2006, Inventurus Knowledge Solutions Limited (IKS Health) has established itself as a leading healthcare technology company providing comprehensive administrative and clinical support services to healthcare enterprises. The company has built a strong reputation through its innovative platform that streamlines both outpatient and inpatient care processes.

Operating across the US, Canada, and Australia, the company serves over 778 healthcare organizations, including prestigious clients like Mass General Brigham Inc. and The GI Alliance Management. With 13,528 employees, including 2,612 clinically-trained professionals, the company has demonstrated strong financial performance, achieving 75.25% revenue growth and 21.38% PAT increase between FY2023 and FY2024.

Highlights of the Inventurus Knowledge IPO:

• IPO Type: Book Built Issue
• IPO size: ₹2,497.92 crores
• Offer for Sale: 1.88 crore shares
• Face value: ₹1 per share
• Price band: ₹1,265 to ₹1,329 per share
• Lot size: 11 shares
• Minimum investment for retail investors: ₹14,619
• The minimum investment for sNII: ₹204,666 (14 lots)
• Minimum investment for bNII: ₹1,008,711 (69 lots)
• Listing at: BSE, NSE
• IPO opens: December 12, 2024
• IPO closes: December 16, 2024
• Allotment date: December 17, 2024
• Refund initiation: December 18, 2024
• Credit of shares: December 18, 2024
• Listing date: December 19, 2024
• Lead Managers: ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, J.P. Morgan India Private Limited, and Nomura Financial Advisory And Securities (India) Pvt Ltd
• Registrar: Link Intime India Private Ltd