Published : December 11, 2024
Founded in 2006, Inventurus Knowledge Solutions Limited (IKS Health) is a healthcare technology company dedicated to alleviating the administrative burden faced by healthcare providers. The company offers a wide range of services that assist doctors and healthcare organizations by managing paperwork and administrative tasks, allowing providers to focus more on patient care.
IKS Health provides services such as clinical support, medical documentation management, and virtual medical scribing, among others. Their goal is to streamline processes, making healthcare delivery faster and more efficient while reducing the operational load on healthcare professionals.
The company offers a versatile platform designed to support both outpatient and inpatient care for healthcare organizations. Outpatient care, or ambulatory care, includes medical services that do not require hospital admission, such as consultations, treatments, and rehabilitation. In contrast, inpatient care refers to the treatment of patients who are admitted to a hospital and require an overnight stay or extended duration for medical attention.
As of September 30, 2024, IKS Health serves over 778 healthcare organizations, including large health systems, multi-specialty medical groups, and outpatient providers. Some of their notable clients include Mass General Brigham Inc., Texas Health Care PLLC, and The GI Alliance Management.
IKS Health has a workforce of more than 13,500 employees, including 2,600 professionals with clinical training.. With operations in the US, Canada, and Australia, the company also has a dedicated sales team that focuses on providing consultative solutions to healthcare providers.
The Inventurus Knowledge Solutions IPO is a book-built issue valued at Rs 2,497.92 crores. It consists entirely of an offer for sale, with 1.88 crore shares being offered to the public.
The IPO opens for subscription on December 12, 2024, and closes on December 16, 2024. The allotment details are anticipated to be finalized on Tuesday, December 17, 2024.
The listing of the shares will take place on the BSE and NSE, with a tentative date set for Thursday, December 19, 2024.
The price band for the IPO is set between ₹1265 and ₹1329 per share. Investors can apply in minimum lots of 11 shares. For retail investors, the minimum investment amounts to ₹14,619. For Small and Medium Investors (sNII), the minimum lot size is 14 lots (154 shares), totaling ₹204,666, while for Bulk Investors (bNII), the minimum investment is 69 lots (759 shares), equaling ₹1,008,711.
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 are the lead managers for the IPO, while Link Intime India Private Ltd is the registrar for the issue.
For further details, refer to the Inventurus Knowledge Solutions IPO Red Herring Prospectus (RHP).
Open and Close Date of Inventurus Knowledge Solutions IPO
Inventurus Knowledge Solutions IPO opens on December 12, 2024, and closes on December 16, 2024.
| IPO Open Date | 12th, December .2024 |
| IPO Close Date | 16th, December, 2024 |
The price band for the Inventurus Knowledge Solutions IPO
| IPO Price Band | ₹1265 to ₹1329 per share |
| Issue Type | Book Built Issue SM REIT |
| Face Value | ₹1 per share |
| Market Lot | 11 Shares |
| Listing At | BSE, NSE |
| Total Issue Size | 18,795,510 shares (aggregating up to ₹2,497.92 Cr) |
Sachin Gupta, Rekha Jhunjhunwala, Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust and Nishtha Jhunjhunwala Discretionary Trust are the promoters of the company.
| Share Holding Pre Issue | 69.73% |
| Share Holding Post Issue | 60.61% |
Inventurus Knowledge Solutions Limited’s revenue increased by 75.25% and profit after tax (PAT) rose by 21.38% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,790.52 | 3,027.52 | 988.31 | 787.52 |
| Revenue | 1,294.61 | 1,857.94 | 1,060.16 | 784.47 |
| Profit After Tax | 208.58 | 370.49 | 305.23 | 232.97 |
| Net Worth | 1,377.11 | 1,157.86 | 828.64 | 647.07 |
| Reserves and Surplus | 1,360.17 | 1,140.94 | 811.80 | 630.26 |
| Total Borrowing | 828.63 | 1,193.42 |
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ikshealth.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Inventurus Knowledge Solutions Limited
Building No. 5 & 6, Unit No. 801,
8th Floor, Mindspace SEZ, Thane Belapur Road,
Airoli, Navi Mumbai, Thane, 400708
Phone: +91 22 3964 3205
Email: company.secretary@ikshealth.com
Website: https://ikshealth.com/
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