Inventurus Knowledge Solutions IPO will open on December 12, 2024, and close on December 16, 2024. Inventurus Knowledge Solutions is a technology-enabled healthcare solution-providing company. It offers a care enablement platform that helps physician enterprises mainly in the US markets. So, let’s go through the Inventurus Knowledge Solutions IPO details, listing date, price band, and lot size.
Inventurus Knowledge Solutions IPO Date 2024
The key pointers for the Inventurus Knowledge Solutions IPO date are:
- Bidding Opening Date: December 12, 2024
- Bidding Closing Date: December 16, 2024
- Basis of Allotment Date: December 17, 2024
- Initiation of Refunds (in case of less or no allotment): December 18, 2024
- Shares Credited to Your Demat Account: December 18, 2024
- IPO Listing Date: December 19, 2024
- Listing on Exchange: NSE and BSE
Inventurus Knowledge Solutions IPO Details
Inventurus Knowledge Solutions IPO valuation is set at ₹2,497.92 crores with only the OFS component.
Here are the key details of Inventurus Knowledge IPO:
- Inventurus Knowledge Solutions IPO Price Band: ₹1,265 to ₹1,329 per share
- Face Value: ₹1 per share
- Lot Size: 11 Shares
- Total Issue Size and Amount: 1,87,95,510 shares (amounting to ₹2,497.92 crores)
- Offer for Sale and Amount: 1,87,95,510 shares (amounting to ₹2,497.92 crores)
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Inventurus Knowledge IPO Proceeds Usage
All the Inventurus Knowledge Solutions IPO proceeds will go to the promoters selling shareholders in the proportion of shares offered by them.
Inventurus Knowledge Solutions IPO Reservations
Inventurus Knowledge IPO reservations to different investors are:
- For QIBs: Not less than 75% of the net offer
- For NIIs: Not more than 15% of the net offer
- For Retail Investors: Not more than 10% of the net offer
Inventurus Knowledge Solutions IPO Lot Size
Inventurus Knowledge Solutions IPO lot size is 11 shares, wherein bidding can be done in further multiples. The minimum and maximum of the lot size that each category of investor can apply in this IPO are:
| Applicant Type | Lot Size | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail (Min) | 1 | 11 | ₹14,619 |
| Retail (Max) | 13 | 143 | ₹1,90,047 |
| S-HNI (Min) | 14 | 154 | ₹2,04,666 |
| S-HNI (Max) | 68 | 748 | ₹9,94,092 |
| B-HNI (Min) | 69 | 759 | ₹10,08,711 |
Inventurus Knowledge Solutions IPO: Promoter Holding
The current promoters of Inventurus Knowledge Solutions (IKS Health) are:
- Sachin Gupta
- Rekha Jhunjhunwala
- Aryaman Jhunjhunwala Discretionary Trust
- Aryavir Jhunjhunwala Discretionary Trust
- Nishtha Jhunjhunwala Discretionary Trust
Ashra Family Trust, Joseph Benardello, Gautam Char, Parminder Bolina, and Jeffrey Philip Freimark are the selling shareholders in Inventurus Knowledge Solutions IPO.
Inventurus Knowledge Solutions IPO: Company Overview
Inventurus Knowledge Solutions, founded in 2006, provides a comprehensive platform that helps healthcare enterprises in the US, Canada, and Australia. The main offering is revenue optimization solutions that enable healthcare organizations to generate, capture, and optimize their revenue cycle. Through on-demand technology-enabled offerings, the company also helps improve operational efficiencies and increases enterprise value.
The company has 778 US-based healthcare organizations as its clients including health systems, academic medical centers, and multi-specialty medical groups as of September 30, 2024. Some of the notable clients are Mass General Brigham Inc., Texas Health Care PLLC, and The GI Alliance Management.
Inventurus Knowledge Solutions IPO: Financial Performance
Inventurus Knowledge Solutions’ key financials for different periods are as follows:
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | YoY Change |
|---|---|---|---|---|
| Revenue | 1,294.61 | 1,857.94 | 1,060.16 | 75.25% |
| Profit After Tax | 208.58 | 370.49 | 305.23 | 21.38% |
| Assets | 2,790.52 | 3,027.52 | 988.31 | 206.33% |
| EBITDA | 359.09 | 520.30 | 360.39 | 44.37% |
| Cash Generated from Operations | 285.62 | 303.01 | 363.03 | -16.53% |
| Total Borrowings | 828.63 | 1,193.42 | Nil | – |
| Basic EPS (in ₹) | 12.50 | 22.37 | 18.37 | 21.77% |
*(in ₹ crores)
In FY24, Inventurus Knowledge Solutions’ revenue and PAT grew by 75.25% YoY and 21.38% YoY, respectively.
Assets also increased by 206.33% from FY23 to FY24 while EBITDA rose by 44.37%.
In FY24, cash generated from operating activities fell by 16.53% YoY, and borrowings were also added to the balance sheet which was nil in FY23.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Inventurus Knowledge IPO: Key Ratios
Inventurus Knowledge Solutions’ key ratios have experienced a downfall in FY24 but still, they are highly competitive. In FY24, ROE and ROCE are more than 30% which highlights that the company’s return generating capacity is still strong.
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | YoY Change (bps) |
|---|---|---|---|---|
| EBITDA Margin | 27.99% | 28.62% | 34.95% | -1,811 |
| Return on Equity | 15.15% | 32.00% | 36.83% | -1,311 |
| Return on Capital Employed | 13.79% | 31.56% | 49.43% | -3,615 |
Risk Factors in Inventurus Knowledge Solutions IPO
Inventurus Knowledge Solutions IPO GMP is ₹225 as of December 9, 2024 (at 8:55) and it is expected to list at a 16.93% gain. However, GMP is not the only criterion to bid for an IPO.
The company is exposed to various risk factors which can eventually affect the business and investor’s perception:
- Any adverse outcome on the outstanding litigation against the company may impact the business and operations.
- Failure to successfully develop and bring new solutions based on AI and ML technologies can affect revenues.
- Any failure to comply with healthcare laws and regulations can lead to penalties and hamper the reputation.
- In the US healthcare industry, maintaining quality healthcare with cost management can affect operations.
- Revenues are highly dependent on the ability to maintain and attract new clients and any loss of clients can impact the revenue and cash flows.
Inventurus Knowledge IPO Contact Information
For inquiries related to the Inventurus Knowledge Solutions IPO details, you can contact at the following places:
Registered Office Address: Building No. 5 & 6, Unit No. 801, 8th Floor, Mindspace SEZ, Thane Belapur Road, Airoli, Navi Mumbai, Thane, Maharashtra – 400 708, India
Email: company.secretary@ikshealth.com
Company Website: https://www.ikshealth.com/
Inventurus Knowledge Solutions IPO Registrar Details:
Registrar Name: KFIN Technologies Limited
Phone: 91 810 811 4949
Email: ikshealth.ipo@linkintime.co.in
For all the insights on Inventurus Knowledge Solutions IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this IPO easily on the SMC ACE App by opening demat account now.
FAQs
1. What type of company is IKS Health?
IKS Health is a private healthcare services company that helps hospitals and related entities in revenue cycle management, and clinical support.
2. What is the revenue of Inventurus Knowledge Solutions?
The revenue of Inventurus Knowledge Solutions is ₹1,294.61 crores in the first half of FY25.
3. When will the Inventurus Knowledge Solutions IPO come?
Inventurus Knowledge Solutions IPO will open on December 12, 2024 having an issue size of ₹2,497.92 crores.
References:
https://www.sebi.gov.in/filings/public-issues/dec-2024/inventurus-knowledge-solutions-limited-rhp_89354.html
SMC Global Securities Research Team
Author: All Content is verified by SMC Global Securities.
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