Intellius Recode Ltd Set to Launch IPO for Digital Transformation Push

Intellius Recode Ltd has submitted papers for an IPO to raise funds through equity shares. The proceeds will fund digital worker development and corporate needs. Specializing in digital transformation, Intellius Recode offers AI-led technology solutions and consulting services.

Intellius Recode Ltd has initiated the process of raising funds via an initial public offering (IPO), filing preliminary documents with the Securities and Exchange Board of India (SEBI).

The proposal includes a fresh issue of equity shares worth Rs 117 crore, alongside an offer for sale of up to 12.9 lakh equity shares by current shareholders.

The technology solutions provider plans to use the proceeds to develop AI-enabled digital workers, pay sub-contracting fees, and support general corporate needs.

(With inputs from agencies.)