IPO Calendar: The bidding process for the shares of IKS Health Ltd. (Inventurus Knowledge Solutions) will begin tomorrow, December 12. The mainboard IPO is among the many companies lining up to hit Dalal Street in the final month of 2024.
The company provides administrative services, mainly in the healthcare sector. IKS Health focuses on providing tech-related solutions in documentation, virtual medical scribing and other administrative clinical support. Here is everything you need to know about the IPO before you put your money to play in the primary market-
1.Inventurus Knowledge Solutions GMP
GMP or grey market premium reflects the investor sentiment in the market before any company actually hits the bourses. It shows the price level at which the shares of the company trade before being listed.
As of Wednesday, the shares of Inventurus Knowledge Solutions or IKS Health were trading at a massive grey market premium of Rs 374, commanding a premium of over 28 per cent.
2.Key Dates
The bidding process for Inventurus Knowledge Solutions will begin on December 12 (Thursday) and conclude on December 16 (Monday). Investors can start checking their allotment status from next week, December 17 (Tuesday).
The tentative date of listing, as for now, is expected to be on December 19 (Thursday). As for anchor investors, share allocation will be finalised by today, December 11 (Wednesday.)
3.Price Band and Structure
The price band of the initial public offering is set at Rs Rs 1,265 to Rs 1,329 per share. Retail investors can apply for a minimum of 11 shares, requiring an investment of Rs 14,619.
The company is planning to raise Rs 2,497.92 crores via its public offering, which is entirely an offer for sale of 1.88 crore shares.
4.Is the company profitable?
The company recorded a revenue of Rs 1,857 crore in FY24 as compared to Rs 1,060 crore recorded in the previous financial year. The profit after tax for FY24 stood at Rs 370 crore. For the half-year ending September 2024, the company reported a revenue of Rs 1,294 crore.
5.Book-running lead managers
Jefferies India, JM Financial, ICICI Securities, JP Morgan India, and Nomura Financial Advisory are the book-running lead managers for the Inventurus Knowledge Solutions IPO.
