Inventurus Knowledge Gets Rs 1,120 Cr

New Delhi: Inventurus Knowledge Solutions Ltd, which provides healthcare support services, has collected Rs 1,120 crore from anchor investors. Fidelity Funds, Government Pension Fund Global, Abu Dhabi Investment Authority, Prudential Hong Kong,

TIMF Holdings, HSBC Global, HDFC Mutual Fund (MF), Aditya Birla Sun Life MF, Axis MF, Mirae Asset and WhiteOak Capital are among the investors, according to a circular uploaded on BSE’s website. According to the circular, Inventurus Knowledge Solutions has allotted 84.29 lakh equity shares to 61 funds at Rs 1,329 apiece, which is also the upper end of the price band.

This aggregates the transaction size to Rs 1,120.18 crore. The Rs 2,498-crore initial public offering (IPO) opens for subscription on Thursday and will conclude on December 16. The price band of the issue has been set at Rs 1,265 to Rs 1,329 per share. The company’s IPO is entirely an Offer For Sale (OFS) of 1.88 crore equity shares by promoters and individual shareholders, with no fresh issue component.

Since the issue is completely an OFS, the company will not receive any proceeds from the IPO and the entire fund will go to shareholders. At the upper price band, the company’s IPO is estimated at Rs 2,498 crore, placing its market capitalisation at over Rs 22,800 crore.