Inventurus Knowledge Solutions IPO GMP, Price, Date, Details
Healthcare is a competitive field that demands greater speed and the integration of new technology into clinical practice. IKS Health, a leading global healthcare solutions provider, exemplifies these attributes, enabling healthcare organizations to focus on what truly matters: patient care. Meticulous growth path and the large expected future Initial Public Offering (IPO), IKS Health is garnering sufficient interest from industry participants and investors. This blog covers the history of the company, its latest KPI, key acquisitions, and the hottest topic: the IPO.
Overview of iks health
IKS Health works through the Care Enablement Platform that connects people and technology to enhance the work of the healthcare system. The platform encompasses three primary service areas:
Revenue Cycle Management: These entail patient access solutions, denial management and optimization, contract management, coding services and financial performance improvement advisory services.
Clinical Support: Subservices consist of clinical documentation, virtual medical scribing, medical transcription, medico-legal document preparation, care team assistance, pre-visit summaries and EHR data conversion and offsite clinical document preparation.
Value-Based Care: IKS Health provides risk and quality solutions, care team support solutions, and care coordination improvement for the proper provision of value based care.
The origins of IKS Health and the company’s mission
IKS Health was established with the aim of making Healthcare operations easier for Providers thus providing better care. The company focuses on the provision of integrated solutions that address administrative burden, drive revenue cycles as well as support value based care transformations. IKS Health is actually an independent solution provider for over 800 healthcare organizations throughout the world, all thanks to the firm’s ability to utilize state-of-the-art technology, audit healthcare processes proficiently.
IKS Health’s clients include health systems, academically affiliated teaching hospitals, multispecialty and single specialty medical groups, and the healthcare supplemental fields. The original principle of the company is based on the main concern that administrators carry most of the burden in healthcare instead of attending to the patients.
Growth and Acquisition of Inventurus Knowledge Solution
The Purchase of A Quity Solutions
Another milestone in the development of IKS health was in October when it purchased AQuity Solutions for $200 million. AQuity Solutions focuses on Clinical Documentation Improvement and Healing, Medical Coding, Billing and Revenue Integrity. This kind of acquisition brought a new market for IKS Health from outpatient care providers to hospitals which built the whole service range of the facilitating market in the healthcare segment.
After the acquisition, IKS Health’s annual revenues reached more than $330 million with a total number of employees over 14 thousand people worldwide. This strategic move not only broadens the types of services provided by the company but also amplifies its advantage as one of the pioneers in healthcare technology solutions.
Financial Performance Of IKS Health
Revenue Growth and Stability
The financial performance levels of IKS Health have been very good for a considerable time. According to the annual report, the company generated revenues of about ₹1,860 crore ($224 million by March 31, 2024. This growth continued into the next year and was complemented by the acquisition of AQuity Solutions, taking annual revenues beyond $330m.
Investment and Funding
The company, before its IPO, has done three funding rounds raising approximately $9.35m, with the most recent being angel funding in April, 2015. Rekha Jhunjhunwala and RARE Enterprises are also strategic investors in the company as well. These assurances have shown investors of the feat of the company and its great potential for expansion.
Inventurus Knowledge Solutions IPO : Key Details
In detail, IKS Health IPO is preparing for a floatation and its IPO that will be available for subscription from December 12 to December 16, 2024. The IPO range is between ₹ 1965 and ₹ 2139 per share but it has a total issue size of about ₹2498 crore. It will make the equity shares its listing on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 19, 2024.
Offer For Sale (OFS)
The IKS health IPO is purely an OFS which constitutes 1.88 crore of equity shares which was offered by the promoters and other existing shareholders. What is more, there will be no fresh issue component, which implies that the company itself will not get any cash from the IPO. Rather the amount of money will be invested to the selling shareholders.
Details of the reserve quotas and bids for oil services project
The IKS IPO has reserved:
- 75% of the issue size of QIBs,
- 14% for Non-Institutional Investors (NIIs), and
- 10% for retail investors.
Similarly, 65000 shares of face value Rs.10 each for employees have been reserved out of which ₹8.64 crores have been subscribed. Share bids can open with as low as 11 shares and can be in increments of 11 shares after that.
Inventurus knowledge solutions IPO Details
IPO Date | December 12, 2024 to December 16, 2024 |
Listing Date | December 19, 2024 |
Face Value | ₹1 per share |
Price Band | ₹1265 to ₹1329 per share |
Lot Size | 11 Shares |
Total Issue Size | 18,795,510 shares (aggregating up to ₹2,497.92 Cr) |
Offer for Sale | 18,795,510 shares of ₹1 (aggregating up to ₹2,497.92 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 171,573,159 |
Share holding post issue | 171,573,159 |
Inventurus knowledge solutions IPO Dates &Timeline
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 Lots Allotment
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 11 | ₹14,619 |
Retail (Max) | 13 | 143 | ₹190,047 |
S-HNI (Min) | 14 | 154 | ₹204,666 |
S-HNI (Max) | 68 | 748 | ₹994,092 |
B-HNI (Min) | 69 | 759 | ₹1,008,711 |
Lead Managers IKS HEALTH IPO
The IKS Health IPO is managed by prominent book-running lead managers, including ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, J.P. Morgan India Private Limited, and Nomura Financial Advisory and Securities (India) Private Limited.
Inventurus Knowledge Solutions IPO GMP
Share of grey market log (GMP) is an interesting variable for IPO investors, which measures the market price for shares in the unregulated grey market before the company goes public. Till date GMP in case of IKS Health IPO implies investors’ interest is active with premiums pointing towards sizable listing premium. Inventurus Knowledge Solutions IPO GMP is ₹350, last updated Dec 10th 2024 12:54 PM. The initial GMP on Inventurus Knowledge Solutions IPO While the price band of Inventurus Knowledge Solutions IPO is 1329.00, the estimated IPO listing price stands at ₹1679 (cap price + today’s GMP).The percentage gain/loss per share is 26.34%.
Prospective of the IKS Health
Shifting to Value Based Care
IKS Health’s strategic direction of enabling value-based care places the company in a good standing in light of the growing changing healthcare industry. The company complements the general industry trend towards outcome-based healthcare supply by offering solutions that increase effectiveness while decreasing expenses.
Technological Innovation
This merger and investment in technology pledge IKS Health to advance the clinical documentation, medical coding as well as revenue integrity solutions provided by AQuity Solutions. These advances will not only accentuate its service capabilities but also keep it steady in a growth strategic system in the competitive environment.
Market Expansion
The company’s global presence, driven by the new and enlarged services it now offers – makes the possibilities for expanding into new markets in such countries like Canada, Australia and other possible markets. This has been seen to have a global strategic effect, which will enhance the growth and profitability of this business in the long-run.
Conclusion
IKS Health is at a very interesting crossroad in its development – an IPO is on the horizon in the next year. This is often due to its great track record and performance in terms of its finances while pursuing ambitious acquisition strategies and making continued investments in innovation that have been demonstrated to be valuable within the healthcare landscape for the company . Thus, entering the phase of public listing, IKS Health has all the conditions for developing its competitiveness and maintaining its successful trend.
Potential shareholders, therefore, have a chance to become a part of change in healthcare technology solutions offered through an IPO. Backed by sound foundations, an expanding market footprint, together with a value creation orientation, IKS Health is well-placed to reshape the future of Healthcare operating models.
FAQ'S
What are the dates for the Inventurus Knowledge Solutions IPO ?
The IPO opens on December 12, 2024, and closes on December 16, 2024.
What is the price band for the Inventurus Knowledge Solutions IPO ?
The price band is set between ₹1,265 and ₹1,329 per share.
What are the inventurus knowledge solutions ipo gmp ?
The GMP is reported to be ₹350 as of December 10, 2024, indicating a potential premium of approximately 26% on listing.
How many shares are offered in this IKS Health IPO ?
The IPO comprises an offer for sale (OFS) of 1.88 crore equity shares, amounting to a total issue size of ₹2,497.92 crore.
What type of services does Inventurus Knowledge Solutions offer ?
Inventurus Knowledge Solutions provides healthcare enterprise solutions, including clinical support, virtual medical scribing, and medical documentation management, catering to healthcare providers globally
