Get All Access for $5/mo

America Focused Healthcare Solutions Provider Inventurus Prepares to Go Public In Indian Markets Inventurus Knowledge Solutions Limited has recently filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) as it prepares to go public.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

Inventurus Knowledge Solutions Limited has recently filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) as it prepares to go public.

The company is a technology-enabled healthcare solutions provider and a care-enablement platform that assists physician enterprises in countries like the US, Canada, and Australia, focusing on the US markets.

According to Inventurus DHRP, the IPO will consist of an offer for sale (OFS) of up to 28,184,060 equity shares with a face value of INR 1 with the total offer size being of the same number of equity shares and face value respectively.

The OFS is comprised of up to 1,708,846 equity shares by Aryaman Jhunjhunwala Discretionary Trust, 1,708,846 equity shares by Aryavir Jhunjhunwala Discretionary Trust, 4,375,387 equity shares by Joseph Benardello, 1,800,000 equity shares by Gautam Char, 1,800,000 equity shares by Parminder Bolina, 1,641,232 equity shares by Jeffrey Philip Freimark and up to 1,032,894 equity shares by Berjis Minoo Desai.

The OFS will also include up to 1,708,846 equity shares by Nishtha Jhunjhunwala Discretionary Trust who will be the Promoter Group Selling Shareholders and up to 937,858 equity shares by Scott D Hayworth as Individual Selling Shareholders.

Inventurus is one of the leading companies providing solutions for outpatient and inpatient care organizations. According to the company, in recent decades, as healthcare systems have evolved there has been an increased consolidation notably in the US, and the traditional practice systems have shifted from independent physicians to larger healthcare enterprises.

The healthcare enabler offers solutions to enhance outpatient and inpatient care with ambulatory care, and medical care without requiring admission to a hospital or other facility, observation, consultation, diagnosis, rehabilitation, intervention, and treatment services.

Inventurus has over 800 healthcare organizations as clients, including including key names like Mass General Brigham, Texas Health Care, and The GI Alliance Management. The company serves clients through its globalized workforce, including a consultative sales force.

The total addressable market for provider enablement technology solutions in the US is expected to reach USD 323 billion by 2028 according to Inventurus and the current market penetration remains limited compared to the projected total addressable market in 2027. The company believes this to indicate a sizeable untapped market opportunity.

ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, J.P. Morgan India Private Limited, and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers (BRLM) to the issue.
Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Business Process

How CEOs Can Take Control of Their Emails and Achieve Inbox Zero

Although there are many methodologies that leaders can use to manage their emails effectively, a consistent and thought-through process is the most effective way to systemize and respond to emails and is a step of stewardship for the effective leader.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Growing a Business

Stop Chasing Subscribers — Start Making Money With These Newsletter Hacks

Here's how operators profit from newsletters by turning acquisition costs into revenue and leveraging one audience to build multiple assets.