Noida-based Innovatiview India Limited has filed draft papers with SEBI to raise ₹2,000 crores through an Initial Public Offering (IPO). According to the DRHP, the IPO is entirely an offer-for-sale (OFS) of equity shares by promoters. If you're planning to invest, this is a great opportunity to apply for an IPO online and be a part of a growing tech-driven security solutions company.
The OFS comprises equity shares worth up to ₹800 crores each by Ashish Mittal and Ankit Agarwal, while Vishal Mittal and Abhishek Agarwal will offload shares worth ₹320 crores and ₹80 crores, respectively. Since the IPO is entirely an OFS, Innovatiview India will not receive any funds from the issue. Instead, the proceeds will go to the selling shareholders.
With the ease of digital applications, it's simpler than ever to apply for an IPO online. Interested investors can participate through platforms provided by their banks or trading accounts.
Innovatiview India is a leader in automated security and surveillance solutions for examinations, elections, and large-scale events across India. The company boasts a 73.7% market share in examination security solutions as of FY24. It is also one of the first in India to integrate AI in CCTV surveillance and touchless biometric verification systems, ensuring high security and impersonation control.
The company reported strong financial growth, with revenue of ₹638 crores in FY24, up from ₹381 crores in the previous year. Profit after tax stood at ₹196.72 crores. With its innovative solutions and strong client base, including the National Testing Agency, Innovatiview India is poised for future growth. If you're considering investing, now's the time to apply for an IPO online and secure your stake.
Innovatiview India is all set to raise ₹2,000 crores through an IPO, offering a unique investment opportunity. The IPO is entirely an OFS, and the company won't receive any funds from it. With a leading market position and innovative AI-driven solutions, Innovatiview India shows strong growth potential. Don't miss out—apply for an IPO online today to become part of this technology-driven security solutions provider.
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