Inventurus Knowledge Solutions Limited is set to raise ₹2,497.92 crores through its Offer for Sale (OFS) of 187.95 lakh equity shares in its book-built IPO. The IPO will open on December 12, 2024, and close on December 16, 2024, with a tentative listing date of December 19, 2024. The price band has been set between ₹1,265 to ₹1,329 per share, and the lot size for the IPO is 11 shares, requiring a minimum investment of ₹14,619 for retail investors.

Company Overview

Inventurus Knowledge Solutions operates in the care enablement space, offering healthcare solutions that assist clinicians in focusing on their core purpose—delivering quality patient care. The company’s Care Enablement Platform aims to reduce the administrative, clinical, and operational burdens on clinicians. This approach is redefining the future of healthcare by improving operational efficiency and empowering healthcare professionals to create healthier communities.

With a strong promoter base, including Sachin Gupta, Rekha Jhunjhunwala, and other key stakeholders, the company has been building a reputation for delivering sustainable value in the healthcare sector.

Financial Performance

Inventurus Knowledge Solutions has shown robust financial growth. For the six months ended September 30, 2024, the company reported revenues of ₹12,946.10 million, up from ₹7,844.65 million in FY2022. Its EBITDA for FY24 is ₹3,708.20 million, and the Profit After Tax (PAT) for the same period is ₹2,085.82 million. The company has demonstrated consistent profitability, underpinned by its innovative solutions in the healthcare space.

Valuation and IPO Metrics

For the Inventurus Knowledge Solutions IPO, the company is issuing shares at a pre-issue EPS of ₹22.15, and the post-issue EPS is the same. This results in a pre-issue P/E ratio of 60.00x and a post-issue P/E ratio of 60.00x. This valuation is high compared to the industry P/E of 60x, but still considered reasonable given the company's track record and sector potential.

Grey Market Premium (GMP)

As of December 11, 2024, the Grey Market Premium (GMP) for Inventurus Knowledge Solutions IPO stood at ₹334, which suggests a potential listing gain of 25.11%. This could be a good indicator for those looking at short-term gains from listing.

IPO Objectives and Use of Proceeds

Unlike traditional IPOs, Inventurus Knowledge Solutions will not receive any proceeds from this offer, as all funds raised will be directed to the selling shareholders. The company’s objectives for the IPO include enabling the selling shareholders to liquidate their investments.

Investor Recommendation

The financials of Inventurus Knowledge Solutions appear strong, with consistent growth in revenue and profit. While the P/E ratio is high compared to industry standards, the growth potential in the healthcare technology space makes this IPO an attractive option for risk-tolerant investors seeking long-term growth and listing gains.

Given the Grey Market Premium and strong financials, it is recommended that investors apply to the Inventurus Knowledge Solutions IPO, but keeping in mind the inherent risks associated with such a high valuation.