Tue Dec 17 17:40:00 UTC 2024: ## Inventurus Knowledge Solutions IPO Oversubscribed, Poised for Strong Listing

**Mumbai, December 17, 2024** – The Initial Public Offering (IPO) of Inventurus Knowledge Solutions (IKS), a healthcare technology firm backed by prominent investor Rekha Jhunjhunwala, has closed significantly oversubscribed. The IPO, which ran from December 12th to 16th, aimed to raise ₹2,497.92 crores through a combination of fresh issue and offer-for-sale.

The offering saw strong demand across investor categories. Retail Individual Investors (RIIs) subscribed 4.24 times, while Non-Institutional Investors (NIIs) subscribed 3.13 times. Qualified Institutional Buyers (QIBs) subscribed 1.89 times.

Adding to the positive sentiment, the IPO’s grey market premium (GMP) reached ₹405 per share, suggesting a potential listing gain of around 30% over the upper price band of ₹1,329. This translates to an estimated listing price of ₹1,734.

IKS, founded in 2006, provides healthcare technology solutions focused on streamlining administrative tasks for healthcare providers. The company reported impressive financial growth, with revenue surging to ₹1,817.93 crores in FY2024 from ₹1,031.30 crores in FY2023. Net profit also increased significantly, rising from ₹305.23 crores to ₹370.49 crores during the same period.

The company’s promoters include Sachin Gupta and members of the Jhunjhunwala family. Shares are expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 19, 2024, with allotments finalized on December 17th. The IPO was priced in a band of ₹1,265 to ₹1,329 per share, with allocation quotas set at 75% for QIBs, 15% for HNIs, and 10% for retail investors.

While market indicators point towards a strong listing, investors are advised to consult with financial advisors before making investment decisions.

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