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Inventurus Knowledge Solutions, a technology-enabled healthcare solutions provider supported by Rekha Jhunjhunwala, has submitted it’s Draft Red Herring Prospectus (DRHP) to SEBI as it prepares for its Initial Public Offering (IPO). The DRHP reveals an offer for sale of up to 28,184,060 equity shares with a nominal value of ₹1 each.
The offer for sale includes several components: Ashra Family Trust is offering up to 5,347,924 shares, while Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, and Nishtha Jhunjhunwala Discretionary Trust are each offering up to 1,708,846 shares. Individual selling shareholders also include Joseph Benardello (up to 4,375,387 shares), Gautam Char and Parminder Bolina (both up to 1,800,000 shares each), Jeffrey Philip Freimark (up to 1,641,232 shares), Berjis Minoo Desai (up to 1,032,894 shares), and Scott D. Hayworth (up to 937,858 shares).
In the financial year 2024, Inventurus Knowledge Solutions reported a profit after tax of ₹370 crore, a 21% increase from ₹305 crore in FY23. Revenue from operations surged to ₹1,817.9 crore in FY24 from ₹1,031 crore in the previous year.
As of March 31, 2024, the company served over 800 healthcare organizations, including prominent clients like Mass General Brigham Inc., Texas Health Care PLLC, and The GI Alliance Management. The firm operates with a global workforce of over 13,241 employees, which includes 3,111 clinically trained staff.
In 2023, Inventurus acquired Aquity Holdings, enhancing its market reach and allowing cross-selling of its services to Aquity’s customer base. ICICI Securities, Jefferies India, JM Financial, J.P. Morgan India, and Nomura Financial Advisory and Securities (India) are the Book Running Lead Managers for the IPO.