Inventurus IPO Details: Rekha Jhunjhunwala-Backed IPO to Open on Dec 12
The much-awaited Inventurus Knowledge Solutions IPO is all set to open for subscription on December 12, 2024. Backed by prominent investor Rekha Jhunjhunwala, the IPO offers a promising opportunity for investors. With a price band of Rs 1,265 to Rs 1,329 per share, this offer could raise a significant amount of Rs 2,497.92 crore. Here's a closer look at the key Inventurus IPO details that investors should know before subscribing.
Key Details of the Inventurus IPO
Inventurus Knowledge Solutions’ initial public offering (IPO) is an offer for sale (OFS), meaning that the company is not issuing new shares, but rather existing shareholders are selling their holdings. The promoters and individual shareholders will divest up to 18,795,510 equity shares in the IPO. The primary promoters include Rekha Jhunjhunwala, along with other entities like Ashra Family Trust, and Aryaman Jhunjhunwala Discretionary Trust.
IPO Price Band and Lot Size
The IPO will be available at a price band of Rs 1,265 - Rs 1,329 per share. For retail investors, the lot size is 11 shares, meaning the minimum investment would be Rs 14,619 for one lot. Investors can apply for up to 13 lots (or 143 shares), subject to the Rs 2,00,000 limit for retail investment. This allows a wide range of retail investors to participate.
Grey Market Premium (GMP)
The Inventurus IPO grey market premium (GMP) has been promising. As of December 9, 2024, shares are trading at Rs 1,554 apiece in the grey market, reflecting a premium of Rs 225, which is around 16.93% higher than the upper price band of Rs 1,329. This is an encouraging sign, as it suggests strong investor interest in the stock before its official listing.
IPO Timelines: Important Dates
- IPO Opening Date: December 12, 2024
- IPO Closing Date: December 16, 2024
- Basis of Allotment Date: December 17, 2024
- Shares Credit to Demat Accounts: December 18, 2024
- Listing Date on BSE & NSE: December 19, 2024
These dates are crucial for investors to track, especially for those waiting for the allotment and listing updates.
Financial Performance of Inventurus Knowledge Solutions
Inventurus Knowledge Solutions has reported impressive growth in its recent financial results. For the six months ending September 30, 2024, the company recorded a revenue of Rs 1,282.87 crore, a significant increase from Rs 630.87 crore during the same period last year. For the full fiscal year 2024 (FY24), the revenue grew to Rs 1,817.92 crore, compared to Rs 1,031.30 crore in FY23.
The company’s profit after tax for the six months was Rs 208.58 crore, a modest increase from Rs 205.37 crore last year. However, for FY24, the profit rose to Rs 370.48 crore from Rs 305.22 crore in FY23, showing a healthy upward trend.
About Inventurus Knowledge Solutions
Inventurus Knowledge Solutions is a technology-enabled healthcare solutions provider focusing on outpatient and inpatient care organizations, particularly in the US market. The company partners with over 800 healthcare organizations, including health systems, academic medical centers, and multi-specialty medical groups. It provides innovative solutions for healthcare providers, enhancing operational efficiencies and patient care.
Also Read: Upcoming IPO in December 2024: 11 Major Companies Going Public
