Intellius Recode Files Draft for IPO to Raise Rs 117 Crore
IPO Filing and Offer Details
Intellius Recode Ltd has filed preliminary documents with the market regulator Securities and Exchange Board of India to raise funds through an initial public offering (IPO).Key highlights of the proposed IPO:
- Fresh Issue: Rs 117 crore through new equity shares
- Offer for Sale (OFS): Up to 12.9 lakh shares by existing shareholders
Company Overview
Intellius Recode Ltd is a technology solutions provider specializing in digital transformation for enterprise clients. The company offers:- Technology Consulting: Data and analytics, enterprise robotic process automation (RPA), integration, development & operations, quality assurance, and digital commerce solutions.
- AI-led Solutions: Proprietary “Agentic AI” digital workers that act as virtual employees executing defined business processes across front, mid, and back-office operations by interacting with enterprise systems, workflows, and data.
Purpose of the IPO
The fresh equity proceeds will primarily fund:- Development and enhancement of AI-based digital workers
- Sub-contracting fees for digital worker projects
- General corporate purposes and growth initiatives
Issue Management
Inga Ventures has been appointed as the book-running lead manager for the IPO.Conclusion
Intellius Recode’s IPO marks a step toward expanding its AI-driven enterprise solutions and strengthening its position in India’s digital transformation market, providing investors an opportunity to participate in the company’s growth journey.Source:
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