Inventurus Knowledge Solutions Limited (IKS), a leader in tech-enabled healthcare solutions, is preparing for its Initial Public Offering (IPO). The company’s Red Herring Prospectus (RHP) highlights its offerings, corporate history, and the structure of the IPO. This move is significant for both investors and the healthcare technology sector in India and abroad.
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About Inventurus Knowledge Solutions Limited (IKS Health)
Founded in 2006, Inventurus Knowledge Solutions Limited (IKS Health) is a leading provider of healthcare services focused on streamlining administrative tasks for healthcare organizations. The company supports healthcare providers—such as doctors and hospitals—by handling various administrative functions, including paperwork, clinical support, medical documentation management, and virtual medical scribing.
As a healthcare technology company, IKS Health is dedicated to enhancing the efficiency of healthcare systems, making it easier and faster for patients to receive care while minimizing the administrative burden on healthcare providers.
IKS Health offers a platform that supports both outpatient and inpatient care.
- Outpatient care (ambulatory care) includes services such as consultations, diagnosis, treatment, rehabilitation, and intervention that do not require an overnight stay in a hospital.
- Inpatient care provides treatment for patients who need to be admitted to a hospital or medical facility, usually for an overnight or extended stay.
As of September 30, 2024, IKS Health serves over 778 healthcare organizations, including health systems, multi-specialty medical groups, and outpatient and inpatient providers. Notable clients include Mass General Brigham Inc., Texas Health Care PLLC, and The GI Alliance Management.
The company employs a team of over 13,528 professionals, including 2,612 clinically-trained experts. IKS Health operates across the US, Canada, and Australia and has a consultative sales force that engages with clients and healthcare organizations to optimize their services.
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Competitive Strengths:
- Comprehensive, one-stop platform: Diverse services across outpatient and inpatient care, serving key stakeholders like patients, physicians, nurses, and healthcare organizations.
- Digital transformation: Utilizing advanced technologies such as automation and digital tools to deliver measurable outcomes and sustained value.
- Strong brand reputation: Recognized by healthcare organizations and physicians for delivering reliable and high-quality services.
- Scalable and sustainable business model: Flexible offerings that provide cost savings and high-touch engagement, with access to leadership teams for strategic support and cross-selling opportunities.
IKS Health continues to lead the charge in healthcare transformation, providing innovative solutions to meet the evolving needs of healthcare providers and patients.
On August 14, 2024, Inventurus Knowledge Solutions Limited submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), officially initiating its IPO process. Subsequently, on December 6, 2024, the company reached a significant milestone by filing its Red Herring Prospectus (RHP).
Inventurus Knowledge Solutions IPO Details
| IPO Date | December 12, 2024 to December 16, 2024 |
| Listing Date | ₹TBD Per Share |
| Face Value | ₹1 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 18,795,510 shares(aggregating up to ₹[.] Cr) |
| Offer for Sale | 18,795,510 shares of ₹1(aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 171,573,159 |
| Shareholding post issue | 171,573,159 |
Inventurus Knowledge Solutions IPO Timeline
Inventurus Knowledge Solutions IPO opens on December 12, 2024, and closes on December 16, 2024.
| IPO Open Date | Thursday, December 12, 2024 |
| IPO Close Date | Monday, December 16, 2024 |
| Basis of Allotment | Tuesday, December 17, 2024 |
| Initiation of Refunds | Wednesday, December 18, 2024 |
| Credit of Shares to Demat | Wednesday, December 18, 2024 |
| Listing Date | Thursday, December 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 16, 2024 |
Inventurus Knowledge Solutions IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
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Inventurus Knowledge Solutions Limited Financial Information
Inventurus Knowledge Solutions Limited’s revenue increased by 75.25% and profit after tax (PAT) rose by 21.38% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,790.52 | 3,027.52 | 988.31 | 787.52 |
| Revenue | 1,294.61 | 1,857.94 | 1,060.16 | 784.47 |
| Profit After Tax | 208.58 | 370.49 | 305.23 | 232.97 |
| Net Worth | 1,377.11 | 1,157.86 | 828.64 | 647.07 |
| Reserves and Surplus | 1,360.17 | 1,140.94 | 811.80 | 630.26 |
| Total Borrowing | 828.63 | 1,193.42 | Amount in ₹ Crore | |
Inventurus Knowledge Solutions IPO Book Lead Manager
| Name | Contact Person | Telephone | |
| ICICI Securities Limited | Rupesh Khant | +91 22 6807 7100 | [email protected] |
| Jefferies India Private Limited | Suhani Bhareja | +91 22 4356 6000 | [email protected] |
| JM Financial Limited | Prachee Dhuri | +91 22 6630 3030 / +91 22 6630 3262 | [email protected] |
| J.P. Morgan India Private Limited | Himanshi Arora / Rishank Chheda | +91 22 6157 3000 | [email protected] |
| Nomura Financial Advisory and Securities India Pvt. Ltd. | Vishal Kanjani / Kshitij Thakur | +91 22 4037 4037 | [email protected] |
Inventurus Knowledge Solutions IPO Registrar to the Offer
| Name | Contact Person | Telephone | |
| Link Intime India Private Limited | Shanti Gopalkrishnan | + 91 810 811 4949 | [email protected] |
This easy-to-understand guide covers all the key information about the Inventurus Knowledge Solutions Limited IPO to help you make an informed decision. For more detailed insights, please refer to the Inventurus Knowledge Solutions Limited IPO Red Herring Prospectus (RHP).
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