Innovatiview India : Noida-based Innovatiview India, a leader in automated security and surveillance solutions, has taken a significant step towards its Initial Public Offering (IPO) by submitting draft papers to the Securities and Exchange Board of India (SEBI). The company plans to raise ₹2,000 crore through this IPO, which is entirely an Offer for Sale (OFS) by its promoters and existing shareholders.
IPO Structure and Key Details
The proposed IPO will see the sale of equity shares worth ₹2,000 crore by the company’s promoters. The breakdown of the OFS is as follows:
- Ashish Mittal and Ankit Agarwal will each offload shares worth up to ₹800 crore.
- Vishal Mittal will sell shares worth ₹320 crore.
- Abhishek Agarwal will sell shares worth ₹80 crore.
Since the IPO is entirely an OFS, the company will not receive any proceeds from the issue. Instead, the funds will go to the selling shareholders, allowing early investors to partially or fully exit their stakes.
About Innovatiview India
Innovatiview India is a technology-driven company specializing in automated security and surveillance solutions for examinations, elections, and large-scale events across India. As of September 30, 2024, the company holds a dominant 73.7% market share in the examination-integrated security segment, making it the largest player in this space.
The company offers a comprehensive suite of security solutions, including:
- AI-enabled CCTV surveillance
- Touchless biometric verification
- GPS tracking
- VoIP communication systems
- Physical security measures like frisking
- Dedicated examination infrastructure
Innovatiview India has been a pioneer in integrating artificial intelligence into its security frameworks, ensuring high accuracy and efficiency in fraud prevention during examinations and events.
Financial Performance
Innovatiview India has demonstrated robust financial growth over the years. For FY24, the company reported:
- Revenue: ₹638 crore, a significant increase from ₹381 crore in FY23.
- Profit After Tax (PAT): ₹196.72 crore, up from ₹114.56 crore in the previous year.
For the six months ending September 30, 2024, the company recorded:
- Revenue: ₹485 crore
- PAT: ₹131 crore
As of September 2024, the company’s net debt stood at ₹198 crore.
Market Leadership and Clientele
Innovatiview India’s strong market position is backed by its extensive partner network, with over 4,600 partners across 28 states and 8 union territories. The company serves high-profile clients, including the National Testing Agency (NTA), one of India’s largest entrance examination conducting bodies.
IPO Management and Listing
The IPO is being managed by leading financial institutions, including DAM Capital Advisors, ICICI Securities, JM Financial, Motilal Oswal Investment Advisors, and Shanon Advisors. The equity shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Investment Outlook
Innovatiview India’s IPO is expected to attract significant investor interest due to its market leadership, scalable business model, and strong financial performance. With the growing demand for advanced security solutions in examinations, elections, and large-scale events, the company is well-positioned to capitalize on emerging opportunities in the sector.
Stay tuned for more updates on the IPO’s price band, subscription details, and SEBI approval timeline.
Disclaimer: This article is for informational purposes only. Stock market investments are subject to market risks. Always consult a financial expert before making investment decisions. bindaasbola.com will not be responsible for any financial loss.
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