India's Inventurus Knowledge Solutions zooms 40% in trading debut

Inventurus Knowledge Solutions

19/12/2024 05:03

** Shares of Inventurus Knowledge Solutions  INVU.NS  rise 40%
to 1,861 rupees in debut trade
    ** The healthcare solutions provider, whose public issue
which was entirely through offer for sale of 18.8 mln shares,
was valued at ~25 bln rupees ($294 mln)
    ** Stock's price range was set at 1,265 rupees to 1,329
rupees, and was subscribed 53 times
    ** Co demonstrates strong client retention, with over 98% of
rev derived from repeat customers, say analysts at KR Choksey
Research
    ** U.S. healthcare market's growth trajectory and increasing
reliance on outsourced services, offers expansion potential for
INVU, they say
    ** Co latest addition to growing list of Indian firms going
public in a booming IPO market, where over 300 companies have
raised $17.50 billion this year
     
     
     
    ($1 = 85.0510 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com))