Pure-play data analytics and insights firm Course5 Intelligence Limited has filed its Draft Red Herring Prospectus (DRHP) with SEBI to launch an Initial Public Offering (IPO) aggregating up to ₹600 crore, signaling its next phase of AI-driven global growth.
The IPO comprises a fresh issue of equity shares worth ₹300 crore and an Offer for Sale (OFS) of up to ₹300 crore by existing shareholders, including promoter Ashwin Ramesh Mittal and entities such as Riddhymic Technologies Pvt Ltd, Riddhymic Technoserve LLP, and AM Family Private Trust. The company may also consider a pre-IPO placement of ₹60 crore, which would reduce the fresh issue size accordingly.
Proceeds from the issue will fund inorganic growth initiatives (₹75 crore), working capital needs (₹70 crore), product and IP development (₹50 crore), geographical expansion (₹30 crore), and general corporate purposes. Axis Capital and JM Financial are the Book Running Lead Managers (BRLMs) for the issue.
Headquartered in Mumbai, Course5 Intelligence focuses on enabling digital transformation through artificial intelligence (AI), analytics, and insights. The company serves clients across technology, media, telecom (TMT), life sciences, and consumer goods (CPG) sectors — many of which are part of the Fortune Global 500 and Forbes Global 2000 lists.
