Inspira Enterprise India Ltd IPO

Last Updated: 16 November 2022 11:49 AM by 5Paisa

IPO Synopsis
Inspira Enterprise India Ltd has filed a draft paper with Securities Exchange Board of India to raise Rs. 800 crores via an initial public offering.
The IPO consists of a fresh issue of Rs. 300 crores and an offer for sale (OFS) of Rs. 500 crores by its existing shareholders and promoters.
The OFS comprises up to Rs. 131 crores by Prakash Jain, Rs. 91.70 crores by Manjula Jain Family Trust, Rs. 277.15 crores by Prakash Jain Family Trust.
Axis Capital, JM Financial, Nomura Financial Advisory and Securities India, SBI Capital Markets and Yes Securities India are the lead managers to the issue.

Objective of the Issue
The proceeds from the issue will be utilised for:
•    funding working capital requirements (worth Rs. 109.62 crores) 
•    repayment of debt (worth Rs. 115.37 crore)

The firm is a leading cybersecurity and digital transformation services company and has executed large cybersecurity transformation projects, infrastructure and digital transformation projects for various institutions in India as well as globally. It is present in six countries, including India, USA and across Southeast Asia, the Middle East and Africa.
Through its wide range of offerings across multiple verticals and geographies, the firm is capable of spanning the digital lifecycle of services ranging from consultation, architecture, solution design and implementation, to monitoring and providing managed services. In 2021, it had 235 active clients, of which it engaged with 69 clients in each of the last three fiscals.
The firm is one of the top three vendors for BFSI cyber security in India and has provided services to 9 out of the 10 largest private banks in, and to various public sector banks in India. Key clients include National Payments Corporation of India, Indian Bank and Canara Bank, among others. The firm leverages its relationships with prominent technology partners, including key technology suppliers such as Juniper, Fortinet, Palo Alto to provide a range of solutions
The business has three main verticals:
•    Cyber Security: It offers integrated portfolio of enterprise security services to deliver large-scale cyber security transformation projects, enabling clients to effectively manage risk and defend against emerging threats
•    Digital Solutions: It offers a converged architecture designed to create opportunities through disruptive digital technologies
•    Integrated Enterprise Solutions: Integrated enterprise solutions comprises the following: 
o    network engineering services that include network infrastructure solutions, 
o    infrastructure platform as a service involving traditional infrastructure solutions and hosted data centre solutions, and 
o    infrastructure management services that include a network operating centre and integrated operations centre for management of digital infrastructure
 

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