Transline Technologies has filed draft papers with markets regulator Securities and Exchange Board of India (SEBI) seeking its approval to launch initial public offering (IPO). The company's maiden public issue is entirely an offer for sale (OFS) of 1.62 crore equity shares by promoters and a shareholder, with no fresh issuance component.

Accordingly, the company will not receive any funds from the public issue, and all the capital will go to selling shareholders. To assist the company's maiden public issue, Motilal Oswal Investment Advisors has been appointed as the lead merchant banker. 

Transline Technologies offers integrated products and services across four verticals -- video surveillance solutions, including proprietary software's like StorePulse, CheckCam and CamStore; biometric solutions for identity verification and Aadhaar-linked applications; IT Infra solutions such as data centres and network integration; and services including SaaS products and managed support.