December 19, 2024
New Delhi, India
Inventurus Knowledge Solutions Shares
Inventurus Knowledge Solutions (IKS Health) made a stellar debut on December 18, with its shares listing at ₹1,900 on the NSE, marking a 43% premium over the IPO price of ₹1,329. On the BSE, the stock opened at ₹1,856, reflecting a gain of 39.65%.
IPO Highlights
- IPO Size: ₹2,497.92 crore
- Price Band: ₹1,265-1,329 per share
- Subscription Details:
- Retail investors: 14.55 times
- Non-institutional investors: 23.25 times
- Qualified institutional buyers: 80.64 times
- Anchor Investor Allocation: ₹1,120.18 crore
The IPO, entirely an offer for sale of 1.88 crore shares, saw strong demand, with bids for 54.60 crore shares against 1.03 crore available. Post-IPO, the promoter stake reduced to 60.61% from 69.73%.
Business Overview
Incorporated in 2006, Inventurus Knowledge Solutions provides administrative and technological support to healthcare providers, including clinical support, medical documentation, and virtual medical scribing. The company’s platform improves patient care efficiency while reducing administrative workloads for healthcare providers.
Financial Performance
For FY23-FY24, Inventurus reported:
- Revenue Growth: 75.25%
- Profit After Tax Growth: 21.38%
Market Reaction
The robust listing reflects the market’s confidence in Inventurus’ business model and growth potential in the healthcare solutions sector. Investors who received allotments were rewarded handsomely, while the IPO’s oversubscription highlights the company’s strong appeal.
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