Healthcare support services provider Inventurus Knowledge Solutions Ltd. has submitted preliminary documents to capital markets regulator Sebi in order to acquire capital through an initial public offering (IPO).
According to the Draft Red Herring Prospectus (DRHP), the company's Initial Public Offering (IPO) consists solely of an Offer For Sale (OFS) of up to 2.82 crore equity shares by promoters and individual shareholders, with no component of a fresh issuance. The company will not get any money from the IPO; instead, all of the funds will go to the shareholders because the issuance is entirely an OFS.
In its draft papers filed on Monday, the business, which has the support of Rekha Jhunjhunwala and RARE Enterprises, stated that the goal of the inaugural share sale is to obtain the benefits of listing the equity shares on stock markets. The company also expects that listing the equity shares will create a public market for the equity shares, increase shareholder liquidity, and improve visibility and brand image.
With an emphasis on the US market, Inventurus Knowledge Solutions Ltd. is a provider of technology-enabled healthcare solutions and a care enablement platform that supports physician organizations in the US, Canada, and Australia.
As of March of this year, the company had over 800 healthcare organizations as clients, including health systems, academic medical centers, multi-specialty medical groups, single-specialty medical groups, and ancillary healthcare organizations. It is a leading partner for outpatient and inpatient care organizations.
Aquity Holdings, a business providing technology-enabled clinical documentation, medical coding, and revenue integrity solutions for the healthcare industry, was purchased by Inventurus Knowledge Solutions in 2023.
The issue's book-running lead managers are ICICI Securities Ltd., Jefferies India Private Ltd., JM Financial Ltd., JP Morgan India Private Ltd., and Nomura Financial Advisory and Securities (India) Private Ltd.
