Inspira Enterprise India has received market regulator -- Securities Exchange Board of India’s (SEBI's) approval for its Rs 800 crore initial public offer (IPO). The company, which filed the draft red herring prospectus with the SEBI in August, got the regulator’s approval on November 1, 2021.
The proceeds from the fresh issue will be utilised towards working capital requirements, repayment of debt and general corporate purposes. Axis Capital, JM Financial, Nomura Financial Advisory and Securities (India), SBI Capital Markets and Yes Securities are the book running lead managers to the issue.
Inspira Enterprise is a leading digital transformation company in the country with a focus on cybersecurity. The company provide cybersecurity and digital transformation services to its clients and has executed large cybersecurity transformation projects, infrastructure and digital transformation projects for various institutions in India.
