Intellius Recode Limited Files IPO Draft Papers With SEBI: Check Issue Size and Offer Details

Intellius Recode Limited, a digital automation and AI solutions provider, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The company plans to raise funds to strengthen its technology offerings and scale its automation-led solutions as demand for enterprise digital transformation continues to grow.

As per the DRHP filed on March 27, 2026, the Intellius Recode IPO will be a book-building issue comprising a fresh issue of equity shares aggregating up to ₹117 crore and an offer for sale (OFS) of up to 12.9 lakh equity shares by promoters.

Intellius Recode Limited operates in the digital automation space, offering AI-led solutions and “digital workers” that help enterprises automate workflows and improve operational efficiency.

Intellius Recode IPO - Issue Details

• Issue Type: Book-built issue (Fresh Issue + OFS).
• Fresh Issue: Up to ₹117 crore. 
• Offer for Sale (OFS): Up to 12.9 lakh equity shares by promoters.
• Face Value: ₹10 per equity share.
• Proposed Listing: The equity shares are proposed to be listed on the National Stock Exchange (NSE) and BSE. The price band and bid lot will be decided in consultation with the book-running lead manager.
• Book Running Lead Manager: Inga Ventures Private Limited.
• Registrar: MUFG Intime India Private Limited (formerly Link Intime India Private Limited).

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Utilisation of Offer Proceeds

The Company proposes to utilise the net proceeds from the fresh issue towards:

• Funding cost for development of Digital Workers.
• Payment of sub-contracting fees for development of Digital Workers for the Company.
• General corporate purposes.

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About Intellius Recode Limited

Intellius Recode Limited is a technology-driven company focused on providing digital automation and AI-based solutions to enterprises. Incorporated in 2018, the company develops software solutions that enable businesses to automate processes, enhance productivity, and improve operational efficiency through intelligent automation tools.

The company offers integrated services across automation, analytics, and enterprise technology solutions, serving clients across industries. Its offerings are centered around building “digital workers” that replicate human tasks and streamline business workflows.

Financially, the company has shown moderate scale with improving profitability. For FY2025, Intellius Recode reported revenue of around ₹72.6 crore, while profit after tax (PAT) stood at approximately ₹8.2 crore.

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