Creador-backed iValue Infosolutions Ltd, a Bengaluru-based company, has submitted draft papers to SEBI to launch an initial public offering (IPO).
The IPO will be an Offer for Sale (OFS) of up to 1.87 crore equity shares by promoters and investor shareholders, as per the Draft Red Herring Prospectus (DRHP) filed with SEBI.
Under the OFS, Sundara (Mauritius) Ltd, an affiliate of Creador, will sell 1.11 crore equity shares. Since the IPO is entirely an OFS, all proceeds will go directly to the selling shareholders, not to the company.
The company explained that it is going public to gain the benefits of listing its equity shares on stock exchanges and to execute the OFS for the selling shareholders.
iValue Infosolutions, a specialist in enterprise technology solutions, focuses on securing and managing digital applications and data. It primarily helps large enterprises in their digital transformation journey by offering tailored solutions that ensure digital assets’ performance, availability, scalability, and security.
Founded in 2008, the company operates from eight locations in India and six international locations, including Singapore, Bangladesh, Sri Lanka, the UAE, Cambodia, and Kenya.
IIFL Securities and Motilal Oswal Investment Advisors serve as lead managers for the IPO. The equity shares will be listed on the BSE and NSE.
