Inventurus Knowledge Solutions IPO Received Tepid Response; Issue Subscribed 1.1 Times

Inventurus Knowledge Solutions, a healthcare support service provider IPO (Initial public offer) is a 100 per cent book built issue worth Rs 2,497.92 crores. Offering 1.8 crore shares to the investors.

The public issue has no fresh issue componant and; comprised entirely of offer for sale (OFS) aggregating up to 1.87 crore share.

According to NSE data, there was a 1.17 -fold overall subscription as investors from all categories applied for more than 1.21 crore shares out of the 1.03 crore shares that were available.

Subscription across cateories

Of the 56,19 lakh shares set aside for Qualified Institutional Buyers (QIBs), more than 82.78 lakh shares were put up for bid. The issue received 1.47 subscriptions within the category.

The mainboard issue was booked 1.16 times in the retail category. The retail investors placed bids for over 21,64 lakh shares, compared to the 18.73 lakh shares reserved for them.

The Non-Institutional Investors (NIIs) category had the highest demand, with 0.37 times as many subscriptions. The NIIs applied for 10.45 lakh shares, compared to the 28.09 lakh shares that were set aside for them.

IPO size and structure

The book-built IPO of Inventurus Knowledge Solutions is valued at Rs 2,497.92 crores. The entire issue is a 1.88 crore share sale offer.

1,87,95,510 shares are offered in the IPO of Inventurus Knowledge Solutions. 84,28,730 (44.84 per cent) to Anchor investors, 56,19,154 (29.9 per cent) to QIB, 28,09,576 (14.95 per cent) to NII, and 18,73,050 (9.97 per cent) to RII.

Price band and minimum bid

The IPO price range for Inventurus Knowledge Solutions is Rs 1,265 to Rs 1,329 per share. An application must have a minimum lot size of eleven shares.

Retail investors must invest a minimum of Rs 14,619 in order to qualify. For bNII, the minimum lot size investment is 69 lots comprising 759 shares, amounting Rs 1,008,711; for sNII, it is 14 lots comprising of 154 shares, amounting Rs 2,04,666.

Subscription and listing timetable

The subscription period for Inventurus Knowledge Solutions' initial public offering (IPO) begins on December 12, 2024, and ends on December 16, 2024. On Tuesday, December 17, 2024, the allocation for the Inventurus Knowledge Solutions IPO is anticipated to be finalized.

The tentative listing date for Inventurus Knowledge Solutions' initial public offering (IPO) is set for Thursday, December 19, 2024, on the BSE and NSE.

Registrar and book running lead managers

Aquity Holdings, a business that provides technology-enabled clinical documentation, medical coding, and revenue integrity solutions for the healthcare industry, was purchased by Inventurus Knowledge Solutions in 2023.