Inventurus Knowledge Solutions IPO subscribed 2.65 times on Day 2. Check GMP and other details
Team Finance Saathi
14/Dec/2024

What's covered under the Article:
- Detailed information on the Inventurus Knowledge Solutions IPO, including price band and dates.
- Analysis of Grey Market Premium (GMP) and expected listing gains.
- Financial review and investment recommendations for the IPO.
Inventurus Knowledge Solutions is redefining the future of Care Enablement by reducing the administrative, clinical, and operational burdens of healthcare, allowing clinicians to focus on their core purpose: delivering excellent care. Through its IKS Care Enablement Platform, the company aims to create transformative value in healthcare, empowering clinicians to build healthier communities and enabling financially sustainable enterprises.
Inventurus Knowledge Solutions IPO Details
The Inventurus Knowledge Solutions IPO is a Book Built Issue amounting to ₹2,497.92 Crores, consisting entirely of an Offer for Sale of 187.95 Lakh Shares. The IPO opens on December 12, 2024, and closes on December 16, 2024. The price band for the IPO is set between ₹1,265 and ₹1,329 per equity share, with a lot size of 11 shares. Retail investors must invest a minimum of ₹14,619, while High-Net-Worth Individuals (HNIs) need to invest a minimum of 14 lots (154 shares), amounting to ₹2,04,666.
At the upper end of the IPO price range, the Market Capitalisation of the company will be ₹22,802.07 Crores. The allotment is expected to be finalized on December 17, 2024, with shares listing on the BSE & NSE on December 19, 2024.
Grey Market Premium (GMP) and Subscription Status
As of December 13, 2024, the Inventurus Knowledge Solutions IPO has been subscribed 2.65 times on its second day of the subscription period. The Grey Market Premium (GMP) is currently ₹334, indicating a potential 25.11% gain on listing. The expected listing price is ₹1,663, based on the GMP trend.
It’s important to note that GMP is speculative and should be considered for informational purposes only. The actual price discovery happens after the shares list on the stock exchange.
Financial Performance & Valuation
Inventurus Knowledge Solutions has shown significant growth, with revenues increasing from ₹7,844.65 Million in FY22 to ₹18,579.38 Million in FY23. Their EBITDA also rose from ₹2,982.76 Million in FY22 to ₹5,603.07 Million in FY23. The Profit after Tax (PAT) for FY24 reached ₹2,085.82 Million, up from ₹2,329.69 Million in FY22. The company’s pre-issue P/E ratio stands at 60.00x, with the post-issue P/E ratio remaining the same at 60.00x, indicating a high valuation.
The company boasts an impressive RoE of 32.00% for FY24, suggesting efficient capital utilization.
Objectives of the Inventurus Knowledge Solutions IPO
Inventurus Knowledge Solutions will not receive any proceeds from the Offer as it is an Offer for Sale. All the proceeds (net of any expenses) will go to the Selling Shareholders.
Investment Recommendation
Given the company’s solid financial performance, high valuation, and potential listing gains indicated by the GMP, we recommend risk-tolerant investors to apply for the Inventurus Knowledge Solutions IPO either for listing gains or long-term investment purposes.
The Upcoming IPOs in this week and coming weeks are NACDAC Infrastructure, Transrail Lighting, Mamata Machinery, Identical Brain Studios, Rosmerta Digital, Indo Farm, DAM Capital and Avanse Financial.
The Current active IPO is and International Gemmological, Hamps Bio, Yash Highvoltage and Inventurus Knowledge.
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