Inventurus Knowledge Solutions Ltd has announced the price band for its initial public offering (IPO) at Rs 1,265–1,329 per share. The IPO will open for subscription on December 12 and close on December 16, 2024. Anchor investor bidding will commence on December 11, with allotment finalisation on December 15. Refunds and equity share credits are expected by December 18, and the company’s shares will debut on stock exchanges on December 19.
This IPO is a pure offer-for-sale (OFS), where existing promoters and shareholders aim to raise Rs 2,497 crore. Inventurus Knowledge Solutions’ total market capitalization at the upper price band will be approximately Rs 22,802 crore.
Inventurus Knowledge Solutions Ltd. is a healthcare solutions company that uses technology to render services and support to physician enterprises and healthcare organizations, especially in the US. The care enablement platform of the company will aid its clients in offering better clinical care, improving population health outcomes, moving towards the “fee-for-value” model, and increasing revenues with a minimal cost burden.
It caters to a total of 778 healthcare organizations across the globe, including prestigious names like Mass General Brigham Inc., Texas Health Care PLLC, and The GI Alliance Management.
Inventurus posted revenue of Rs 1,282.88 crore for the six months ending September 2024 against Rs 630.87 crore a year earlier. The net profit rose to Rs 208.58 crore for the same period from Rs 205.38 crore a year ago.
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Source: Moneycontrol
News Desk
