Intellius Recode files preliminary papers with SEBI for IPO
Inga Ventures is the book-running lead manager of the issue
Intellius Recode has filed preliminary papers with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating Rs 117 crore and an offer for sale (OFS) of up to 12.9 lakh equity shares by existing shareholders.
The company intends to utilise the net proceeds from the fresh issue towards funding the development of its digital workers, payment of sub-contracting fees related to their development, and for general corporate purposes. Inga Ventures is the book-running lead manager of the issue.
Intellius Recode is a technology solutions provider focused on enabling digital transformation for enterprise clients. It offers services across technology consulting and artificial intelligence-led solutions, including its proprietary Agentic AI-based digital workers.
