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INSPIRA ENTERPRISE INDIA LIMITED FILES DRHP WITH SEBI

INSPIRA ENTERPRISE INDIA LIMITED FILES DRHP WITH SEBI 1

Mumbai, 30th August 2021:Inspira Enterprise India Limited a leading digital transformation company in India with a focus on cyber security, and a global presence across several verticals (Source: F&S Report) has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The Company provides cyber security and digital transformation services to its clients and has executed large cyber security transformation projects, infrastructure and digital transformation projects for various institutions in India.

Through the initial public offering, the company aims to raise funds aggregating to Rs. 800 crores that comprises fresh issue of equity shares aggregating up to Rs. 300 crores and offer for sale of equity shares by Prakash Jain, Manjula Jain Family Trust and Prakash Jain Family Trust aggregating up to Rs. 500 crores. The face value of equity shares is Rs. 5 each.

The Company proposes to utilize net proceeds from the issue towards funding the following objects such as (i) Funding working capital requirements of our Company; (ii) Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company; and (iii) General corporate purposes.

The proceeds of the offer for sale shall be received by the Promoter Selling Shareholders. Company will not receive any proceeds from the offer for sale. The Promoter Selling Shareholders will be entitled to their respective portions of the proceeds from the offer for sale, net of their respective portions of the Offer related expenses.

Axis Capital Limited, JM Financial Limited, Nomura Financial Advisory and Securities (India) Private Limited are the Global Co-Coordinators and Book Running Lead Managers of the issue. SBI Capital Markets Limited and Yes Securities (India) Limited are the Book Running Lead Managers of the issue.

The equity shares are proposed to be listed on BSE and NSE.

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