Inventurus Knowledge Solutions has launched its Initial Public Offering (IPO), with a Grey Market Premium (GMP) of 32%

Inventurus Knowledge Solutions IPO Day 1 Live Updates: Backed by Rekha Jhunjhunwala, Inventurus Knowledge Solutions is set to commence its public subscription from December 12 to December 16. The company, which specializes in healthcare support services, has established a price range of ₹1,265 to ₹1,329 per share for its initial public offering (IPO), which is valued at ₹2,498 crores. The firm has successfully raised ₹1,120.18 crores from 61 anchor investors at the price of ₹1,329 per equity share.

The company has reduced its issue size, now comprising an Offer For Sale (OFS) of 1.88 crore equity shares from promoters and individual shareholders, with no new issue component included. The previous OFS size was 2.82 crore, as indicated in the draft documents.

Currently, promoters and entities within the promoter group hold nearly 70 percent of the company's equity, with support from Rekha Jhunjhunwala and RARE Enterprises.

At the upper end of the price range, the initial public offering is anticipated to reach ₹2,498 crore, resulting in a market capitalization exceeding ₹22,800 crore. Inventurus Knowledge Solutions Ltd provides healthcare solutions that utilize technology, primarily serving physician enterprises in the US, Canada, and Australia, with a strong focus on the US market.