Inventurus Knowledge Solutions IPO - Day 3 Subscription at 3.61 Times

The third day of Inventurus Knowledge Solutions' initial public offering has revealed a compelling story of investor confidence in the healthcare technology sector. As of 11:01 AM on December 16, 2024, the IPO has achieved an overall subscription of 3.61 times, demonstrating strong market recognition of the company's unique positioning in healthcare administrative services and technology solutions.

Inventurus Knowledge Solutions IPO has been particularly noteworthy across different investor categories, with retail investors leading the charge at 5.93 times subscription. This strong retail participation suggests widespread recognition of the company's growth potential in the healthcare technology space, especially given their established presence serving over 778 healthcare organizations. The Non-Institutional Investors' robust participation at 5.53 times, with bNII segment reaching 5.71 times, indicates significant confidence from high-net-worth individuals in the company's business model and future prospects.

Perhaps most tellingly, the Qualified Institutional Buyers have maintained a steady participation rate of 1.89 times, representing a thoughtful institutional validation of the company's long-term potential. This measured but consistent institutional interest, combined with a strong anchor book of ₹1,120.18 crores, provides a solid foundation for the issue.
 

Subscription Status of Inventurus Knowledge Solutions IPO:

*As of 11:01 AM

Here are the subscription details for Inventurus Knowledge Solutions IPO as of Day 3 (16th December 2024, 11:01 AM):
 

Total Applications: 10,25,072

Inventurus Knowledge Solutions IPO Key Highlights Day 3:

• The overall subscription of 3.61 times demonstrates broad-based investor confidence in the company's business model
• Retail investors' exceptional 5.93 times subscription, mobilizing ₹1,477.16 crores, reflects strong individual investor belief in the healthcare technology sector's growth potential
• The NII category's robust 5.53 times subscription, worth ₹2,064.92 crores, indicates strong conviction from wealthy investors in the company's market position
• QIB's steady 1.89 times subscription, amounting to ₹1,413.90 crores, suggests measured institutional confidence
• Total bids for 3.74 crore shares worth ₹4,978.81 crores demonstrate substantial market interest
• The impressive application count of 10,25,072 indicates broad-based investor participation
• Strong momentum across categories reflects confidence in the company's growth trajectory
• Balanced subscription pattern suggests thorough market evaluation of business fundamentals

Inventurus Knowledge Solutions IPO - Day 2 Subscription at 2.66 Times

Key Highlights:

• Overall subscription growth to 2.66 times reflected building momentum
• Retail participation strengthening to 4.26 times indicated growing individual investor confidence
• NII improvement to 3.13 times suggested increasing high-net-worth investor interest
• Maintained QIB participation at 1.89 times showed steady institutional backing
• Day two trends pointed to growing market recognition of company's potential
• Consistent improvement across categories indicated broadening investor base
• Subscription pattern suggested deepening market understanding
• Strong institutional presence continued to provide stability

Inventurus Knowledge Solutions IPO - Day 1 Subscription at 1.36 Times

Key Highlights:

• Initial subscription of 1.36 times set a strong foundation
• Early QIB participation at 1.54 times indicated immediate institutional confidence
• Retail interest at 1.71 times suggested strong brand recognition
• NII participation at 0.79 times showed measured early approach
• Opening response reflected positive assessment of business model
• Strong institutional start validated company's market position
• Initial trends pointed to promising issue performance
• Day one numbers established solid base for growth

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