The IPO of IKS Health is 1,87,95,510 is entirely an offer-for-sale (OFS) by its promoters and existing shareholders. At the upper end of the price band, the company is looking to raise a total of Rs 2,497.92 crore via its IPO. Anchor book for the issue shall open on Wednesday, December 11.

Incorporated in 2006, Inventurus Knowledge Solutions (IKS Health) provides services to healthcare enterprises such as handling administrative chores/work. It helps doctors and other healthcare providers by handling their paperwork and administrative tasks. IKS Health offers services such as clinical support, medical documentation management, virtual medical scribing and more.

Promoters Ashra Family Trust, Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust and Nishtha Jhunjhunwala Discretionary Trust along with other investors including Gautam Dhar, Joseph Benardello, Parminder Bolina, Shane Hsuing Peng, Berjis Minoo Desai and Jeffrey Phillip Freimark shall participate in the OFS issue.

The detailed Offer comprises of an offer for sale of up to 18,795,510 equity shares of face value of Rs. 1 each of Inventurus Knowledge Solutions Limited. The offer for sale comprising up to 1,119,300 equity shares by Aryaman Jhunjhunwala Discretionary Trust, up to up to 1,119,300 equity shares by Aryavir Jhunjhunwala Discretionary Trust, up to 1,119,300 equity shares by Nishtha Jhunjhunwala Discretionary Trust (“Promoter Selling Shareholders”), up to 3,376,311 equity shares by Ashra Family Trust, up to 26,513 equity shares by Rajeshkumar Radheshyam Jhunjhunwala, (“Promoter Group Selling Shareholders”), up to 98,250 equity shares by Adheet Sharad Gogate, up to 139,042 equity shares by Ajay Madhavan Madatiparambil, upto 72,051 equity shares by Ajit Rajagopal Menon, upto 104,281 equity shares by Alan, up to 69,521 equity shares by Ankur Chugh, up to 323,572 equity shares by Anurag Shiamsunderlal Sharma, up to 49,126 equity shares by Arindrajit Datta, up to 83,425 equity shares of by Ashit Kalra, up to 676,549 equity shares by Berjis Minoo Desai, up to 5,297 equity shares by Charles Edward Brown, up to 101,799 equity shares by Christopher J Sclafani, up to 47,035 equity shares by Clarence Carleton King Ii, up to 33,406 equity shares by Gaurav Jain, up to 1,251,378 equity shares by Gautam Char, Up to 1,141,001 equity shares by Jeffrey Philip Freimark, up to 86,901 equity shares by John Benardello, up to 3,041,812 equity shares by Joseph Benardello, up to 232,341 equity shares by K C Nishil Kumar, up to 49,126 equity shares by Kareen Ribeiro Majmudar, up to 266,781 equity shares by Katherine Nicole Davis, up to 130,594 equity shares by Madathiparambil Krishnan Madhavan, up to 55,617 equity shares by Manish Gupta, up to 166,850 equity shares by Manu Mahmud Parpia (Jointly Held With Lynn Manu Parpia), up to 61,290 equity shares by Mayur Pravinkant Sanghvi, up to 219,170 equity shares Mitul Dipak Thakker, up to 3,000 equity shares by Nikhil Sharma, up to 1,251,378 equity shares by Parminder Bolina, up to 257,873 equity shares by Patrick Burton Cline, up to 47,815 equity shares by Sanjiv Bhupendra Gandhi, up to 652,008 equity shares by Scott D Hayworth, up to 994,233 equity shares by Shane Hsuing Peng, up to 15,000 equity shares by Srikanth Vadakapurapu, up to 208,563 equity shares by Unnikrishnan Parthasarathy, up to 34,760 equity shares by Varadharajan Ramasamy and up to 63,941 equity shares by Vikram Jit Singh Chhatwal, (The “Individual Selling Shareholders”, together with the Promoter Selling Shareholders And Promoter Group Selling Shareholders, The “Selling Shareholders”) (The “Offer For Sale” Or The “Offer”).

IKH Health is a healthcare technology company that helps make it easier and faster for patients to get the care they need while reducing the administrative burden on healthcare providers. Inventurus Knowledge Solutions Limited offers a platform that enables healthcare enterprises in outpatient and inpatient care.

IKS serves over 778 healthcare organizations, including health systems, multi-specialty medical groups, and other outpatient and inpatient providers as of September 30, 2024. Key clients include Mass General Brigham, Texas Health Care PLLC, and The GI Alliance Management. The company is in the US, Canada, and Australia.

For the six months ended September 30, 2024, Inventurus Knowledge Solutions reported a net profit of Rs 208.58 crore with a revenue of Rs 1,294.61 crore. The company’s bottomline stood at Rs 370.49 crore with a revenue of Rs 1,857.94 crore for the financial year 2023-24.

Inventurus Knowledge Solutions has reserved 65,000 equity shares for the eligible employees of the company. It has reserved 75 per cent of the net offer for the qualified institutional bidders (QIBs), while non-institutional investors (NIIs) will get 15 per cent of the allocation. Retail investors will have only 10 per cent of reservation in the IPO.

ICICI Securities, Jefferies India, JM Financial, JP Morgan India and Nomura Financial Advisory and Securities (India) are the book running lead managers of the Inventurus Knowledge Solutions IPO, while Link Intime India is the registrar for the issue. Shares of the company shall be listed on Thursday, December 19 on both BSE and NSE.

• RHP Link: https://ikshealth.com/ir/IWA7-RHP.pdf