A healthcare service provider, Inventurus Knowledge Solutions (IKS Health) IPO is set to open for subscription tomorrow (December 12) and will stay open until December 16.
Here is everything you need to know about the upcoming IPO:
Subscription details
The healthcare service provider, public issue is offering its shares within a price band of Rs 1,265 to Rs 1,329 per share. Investors can apply in lots, with each lot comprising 11 shares, making the minimum investment around Rs 14,619.
Retail investors, Non-Institutional Investors (NIIs), and Qualified Institutional Buyers (QIBs) will have the opportunity to bid during this 3-day window.
The company, through this public issue is planning to raise a total raise of Rs 2,497.92 crore, which will be entirely an Offer for Sale (OFS). This means that no fresh shares are being issued; instead, existing shareholders are selling their stakes to the public.
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GMP
Prior to the official opening of the IPO, IKS Health has already caught investor attention. Shares of the company are currently trading at a grey market premium of Rs 422. This premium highlights the expected demand for the company’s shares once they are listed and is around 31.75 per cent higher than the IPO price range.
Allocation and Listing
As for anchor investors, their allocation will be finalised by December 11 and the listing date of the company’s stock on Indian bourses is expected to be December 19.
Financial Highlights
In FY24, the company reported a revenue of Rs 1,857 crore, up from Rs 1,060 crore in the previous year. The profit after tax (PAT) stood at Rs 370 crore.
Management and Lead Managers
The IPO is being managed by top financial firms, including Jefferies India, ICICI Securities, JM Financial, JP Morgan India, and Nomura Financial Advisory and Securities.
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