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2 min read | Updated on December 18, 2024, 16:02 IST
SUMMARY
Inventurus Knowledge Solutions IPO was an offer-for-sale of 1.88 crore equity shares aggregating ₹2,497.92 crore. There was no fresh issue component.
Inventurus Knowledge Solutions anticipates that listing the equity shares will boost its visibility and brand image.
The initial share sale was subscribed 52.68 times, receiving bids for 54.60 crore shares against 1.03 crore equity shares on offer.
Category wise, the qualified institutional buyers portion received the most bids, attracting 80.64 times the subscription. The non-institutional investors fetched 23.25 times the subscription. The quota for retail investors was booked 14.56 times.
The IPO was an offer-for-sale of 1.88 crore equity shares aggregating to ₹2,497.92 crore. There was no fresh issue component.
As it is completely an OFS, the proceeds from the offering will go to the selling shareholders.
Shares of Inventurus Knowledge Solutions will be listed on the NSE and the BSE on Thursday, December 19, at 10 am.
In the financial year 2023-24 (FY24), the company posted revenue of ₹1,817.9 crore, reflecting an increase of 76.27% from ₹1,031.3 crore in the previous fiscal year. The firm reported a 21.3% increase in net profit to ₹370.3 crore in FY24, against a post-tax profit of ₹305.2 crore in FY23.
In the first half of FY25, Inventurus Knowledge Solutions' net profit and revenue stood at ₹208.5 crore and ₹1,282.8 crore, respectively.
The company is a technology-enabled healthcare solutions provider as well as care enablement platform that supports physician enterprises in the United States, Australia and Canada, with a primary focus on the US market.
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