Inventurus Knowledge Solutions IPO: Rekha Jhunjhunwala-Backed Firm Soars Above ₹2,000 on NSE After Strong Market Debut
Live updates on Inventurus Knowledge Solutions‘ initial public offering (IPO) listing, allocation status, and share price as of December 19, 2024
Today saw the launch of Inventurus Knowledge Solutions, a healthcare technology startup supported by Rekha Jhunjhunwala, on the stock exchange. At ₹1,900, the company’s shares were listed on the NSE, representing a 42.9% rise over the ₹1,329 price at the company’s IPO. The shares opened at ₹1,856 on the BSE, which was almost 40% more than its issue price.
Inventurus Knowledge Solutions Limited is officially listed on the BSE and NSE following its highly subscribed first public offering. Strong listing gains were predicted by experts, who suggested that investors think about booking profits. With a subscription rate of about 53 times, the ₹2,498 crore public issuance received a tremendous amount of reaction during its three days of operation. Qualified institutional buyers (QIBs) accounted for more than 81 times their allocated share of this demand.
Given gains of more than 25% upon listing, Prashant Tapase, Senior VP of Research at Mehta Equities, advised investors who had shares in the IPO to think about booking profits.
“Although the IPO was entirely an Offer for Sale (OFS) and was priced optimally, strong demand from QIBs and the company’s unique business model should help maintain a premium valuation post-listing. Long-term investors may consider holding despite potential short-term volatility,” Tapase added.
IPO Listing of Inventurus Knowledge Solutions: Shares Open at a 43% Premium
The stock began at ₹1,856 on the BSE, representing a 39.65% premium, and at ₹1,900 on the NSE, it debuted at a 42.96% premium.
In the gray market, where shares were trading at a 32% premium, this listing exceeded expectations. Investors might speculate on pricing on the gray market, an unofficial marketplace where shares are exchanged prior to their official listing date.
An estimated 52.68 times as many people subscribed for the IPO, which translates to offers totaling ₹72,500 crore. Non-institutional investors (NIIs) subscribed 23.25 times, retail investors and workers subscribed 14.55 times, and QIBs subscribed 80.64 times, respectively.
The public issue was open for bidding between December 12 and 16.
The Mumbai-based company offered shares in a price band of ₹1,265–₹1,329 per share, with a lot size of 11 shares. Through this IPO, the company raised a total of ₹2,497.92 crore, entirely through an Offer for Sale (OFS) of 1.87 crore shares.
About Inventurus Knowledge Solutions
Founded in 2006, Inventurus Knowledge Solutions provides critical support services to healthcare companies. Their expertise spans administrative tasks, clinical support, medical documentation management, and virtual medical scribing.
The company’s technology-driven solutions aim to streamline healthcare operations, improve efficiency, and reduce administrative burdens, allowing healthcare providers to focus on delivering quality patient care.
For the six months ending September 2024, the company’s revenue from operations doubled to ₹1,283 crore, while net profit saw a modest increase to ₹208 crore.
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