Mumbai-based Inventurus Knowledge Solutions (IKS Health), incorporated in 2006, raised ₹2,497.92 crore through its IPO, offering shares in the price band of ₹1,265-₹1,329. The IPO was open for subscription from December 12 to December 16, 2024, and garnered strong investor interest, with an overall subscription of 52.68 times.
Key IPO Details:
- Price Band: ₹1,265-₹1,329 per share
- Lot Size: 11 shares
- Fresh Issue: 1,87,95,510 equity shares
- Total Funds Raised: ₹2,497.92 crore
- Listing Date: December 19, 2024
- Exchanges: BSE and NSE
Subscription Insights
The IPO saw robust demand across all investor categories:
| Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 80.64 |
| Non-Institutional Investors (NIIs) | 23.25 |
| Retail Investors | 14.55 |
| Employees | 5.20 |
The issue received bids worth ₹72,500 crore, reflecting strong market confidence.
Grey Market Premium (GMP) Updates
The Grey Market Premium (GMP) for Inventurus Knowledge Solutions surged during the subscription period:
- First Day of Bidding: ₹375
- Latest GMP: ₹420-₹425
This indicates a potential listing gain of approximately 32% over the upper price band of ₹1,329.
Company Overview
Inventurus Knowledge Solutions specializes in providing administrative support services to healthcare enterprises. Its offerings include:
- Clinical Support
- Medical Documentation Management
- Virtual Medical Scribing
The company assists healthcare providers in streamlining operations by managing paperwork and administrative tasks.
Brokerage Views
Brokerage firms have expressed mixed yet optimistic opinions:
- Positives:
- Leading market position with healthy financials.
- Unique business model catering to a niche market.
- Concerns:
- Ongoing litigations.
- Complete Offer for Sale (OFS) nature of the issue.
The IPO is seen as suitable for long-term investors.
How to Check IPO Allotment Status
Investors can check the IPO allotment status via the BSE website or the Link Intime portal, the official registrar for the IPO.
Steps to Check Allotment on BSE:
- Visit BSE IPO Application Status.
- Select “Equity” under the Issue Type.
- Choose Inventurus Knowledge Solutions Limited from the dropdown menu.
- Enter your Application Number and PAN Card ID.
- Verify using the captcha and hit Search.
Steps to Check Allotment on Link Intime:
- Visit the Link Intime Allotment Portal.
- Select the IPO name from the dropdown menu.
- Choose one of the following modes: Application Number, Demat Account Number, or PAN ID.
- Enter the relevant details and captcha.
- Click Submit to view your allotment status.
Listing Date and Investor Actions
Shares of Inventurus Knowledge Solutions will list on December 19, 2024, on both BSE and NSE. Successful applicants will receive share credits in their Demat accounts, while refunds or unblocking of funds for unsuccessful applicants will be completed by December 18.
Click here to know more.
