Inventurus Knowledge Solutions, a healthcare support services provider, officially opened its Initial Public Offering (IPO) for public subscription on December 12. The IPO will remain open until December 16, offering investors an opportunity to participate in this high-profile listing. Backed by Rekha Jhunjhunwala and RARE Enterprises, the company has set a price range of ₹1,265-₹1,329 per share, with the total IPO size pegged at ₹2,498 crores.
On the first day, Inventurus secured ₹1,120.18 crores from 61 anchor investors at the upper price band of ₹1,329 per equity share, showcasing strong institutional interest. The IPO consists solely of an Offer For Sale (OFS) of 1.88 crore equity shares, following a reduction in the issue size from the earlier planned 2.82 crore shares, as outlined in its draft documents. Notably, there is no new issue component in the current offering.
The company’s promoters and entities in the promoter group currently own about 70% of its stake. At the upper price band, the IPO values the company at ₹2,498 crore, pushing its market capitalization beyond ₹22,800 crore. This solid valuation underscores the company’s leadership in providing tech-enabled healthcare solutions to clients, primarily physician enterprises across the US, Canada, and Australia, with the US being its largest market.
