IT solution provider Inspira Enterprise India has submitted a draft paper to market regulator Sebi to raise Rs 80 billion through an initial public offering (IPO).
According to the draft, the first sale of shares will consist of new issuance of 300 rupee shares and an offer to sell 500 rupees worth of shares by Prakash Jain, Mandurah Jain Family Trust and Prakash Jain Family Trust. I am. Red Herring Prospectus (DRHP).
As part of OFS, Prakash Jain will offload shares up to Rupee 131.08, Manjula Jain Family Trust will sell up to Rupee 91.77 and Prakash Jain Family Trust will sell shares up to Rupee 277.15.
This offer also includes the stock acquisition of company employees.
The company may consider placing 75 rupees before the IPO in consultation with the merchant bunker. When complete, the new issue size will be reduced accordingly.
The newly generated revenue will be used for working capital requirements, debt repayment, and general corporate purposes.
Inspira Enterprise is one of Japan’s leading digital transformation companies with a focus on cybersecurity.
The company provides cybersecurity and digital transformation services to its clients and has carried out large-scale cybersecurity transformation projects, infrastructure and digital transformation projects for various institutions in India.
Through a wide range of services across multiple industries and geographies, the company has capabilities across the digital lifecycle of services, from consulting, architecture and solution design and implementation to managed service monitoring and delivery.
Axis Capital, JM Financial, Nomura Financial Advisory and Securities (India), SBI Capital Markets and Yes Securities are lead underwriters on this issue.
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Inspira Enterprise Submits Draft IPO Paper to Raise 800 Rupees
Source link Inspira Enterprise Submits Draft IPO Paper to Raise 800 Rupees