Inventurus Knowledge Solutions IPO: Healthcare provider raises ₹1,120 crore from anchor investors ahead of issue | Stock Market News
Source: Live Mint
Inventurus Knowledge Solutions Limited raised ₹1,120 crore from anchor investors ahead of its public issue, according to an exchange filing by the company on Wednesday, December 11.
The company has allocated 84,28,730 or 84.28 lakh shares to the anchor investors at an allocation price of ₹1,329 per share, with a face value of Re 1 apiece.
The anchor investor pool for Inventurus Knowledge Solutions’ public issue comprises Fidelity Funds, Government Pension Fund Global, HDFC Mutual Fund, Abu Dhabi Investment Authority, Prudential Hong Kong Ltd, Axis Mutual Fund, WF Asian Reconnaissance Fund, Mirae Asset, HSBC Global, among other marquee investors.
According to the exchange filing by the company on Wednesday, Fidelity Fund at 5.1 per cent, Government Pension Fund Global at 5.1 per cent, Abu Dhabi Investment Authority at 4.4 per cent, Prudential Hong Kong Ltd at 4.4 per cent, WF Asian Reconnaissance Fund at 4.4 per cent, and Axis Mutual Fund at 4.4 per cent, were the top anchor investors.
The company also said that 33.33 per cent of the allocation to anchor investors was allocated to 12 domestic mutual funds through a total of 23 schemes.
Inventurus Knowledge Solutions IPO GMP
As of December 11, Inventurus Knowledge Solutions public issues’ grey market premium (GMP) is at ₹422 per share. With the upper price of ₹1,329, the public issue is expected to be listed at ₹1,751 per share, a premium of 31.75 per cent.
Grey market premium (GMP) is the investors’ willingness to pay more for a public issue.
Inventurus Knowledge Solutions IPO Details
Inventurus Knowledge Solutions Limited is a Rekha Jhunjhunwala-backed healthcare service provider company. The company offers services tailored for healthcare organisations, concentrating on administrative functions. The company supports doctors and other healthcare practitioners by handling their documentation and administrative duties.
The IPO is set to open on Wednesday, December 12, and will close on Monday, December 16. The price band for the Inventurus Knowledge Solutions Limited IPO has been fixed at ₹1,265 to ₹1,329 per share, with a lot size of 11 shares per lot.
ICICI Securities Ltd, Jefferies India Private Ltd, JM Financial Ltd, JP Morgan India Private Ltd, and Nomura Financial Advisory and Securities (India) Private Ltd are the book-runners for the public issue.
