InvestorQ : What are the details of the upcoming Inspira Enterprises IPO and when is it slated to hit the primary market?
indhumathi Sayani made post

What are the details of the upcoming Inspira Enterprises IPO and when is it slated to hit the primary market?

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4 weeks ago
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Inspira Enterprise India is a niche IT solutions provider. It had filed the draft red herring prospectus or DRHP with SEBI for its IPO in August 2021 and has just got the approval for the IPO. The IPO will be for a total sum of Rs.800 crore which will comprise of a fresh issue of Rs.300 crore and an offer for sale or OFS of Rs.500 crore. The promoting Jain family trust will offload shares in the OFS.

Inspira is also considering a pre-IPO placement of Rs.75 crore and if that is successful, then the company will look to reduce the IPO size proportionately. The fresh issue proceeds raised from the IPO will be used for debt repayment and for working capital needs. Inspira specializes in cybersecurity and digital transformation services and offers its services across a range of verticals and geographies.

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