Innovatiview India Limited, a technology-driven company providing automated ancillary security and surveillance solutions for examinations, elections and large-scale events pan-India has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).
The Company plans to raise funds through initial public offering of equity shares (face value ₹ 5 each) comprising Offer for Sale aggregating up to ₹20,000.00 Million [₹2000 Crore]. (“Total Offer Size”)
Innovatiview India Limited is the largest player in examination integrated security solutions in India, with a market share of 73.7% in terms of revenue in Fiscal 2024. In the examination security and surveillance industry, its market share has grown at 69.07% year-on-year in Fiscal 2024. (Source: F&S Report)
The Equity Shares that will be offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). (“Listing Details”)
DAM Capital Advisors Limited, ICICI Securities Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited and Shannon Advisors Private Limited are the Book Running Lead Managers to the issue. (“BRLMs”)
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