DRHP LINK: https://www.sebi.gov.in/filings/processing-status/jul-2026/processing-status-issues_96940.html

MUMBAI, GPN | SACHIN MURDESHWAR: Intellius Recode Limited, a next generation technology solutions provider has received observations from SEBI for its proposed IPO. The company had filed its draft papers with the market regulator on March 27, 2026.

The offer comprises of a fresh issue Rs.117 Cr and an offer for sale of upto 12,90,000 Equity Shares. The face value of each equity share is ₹ 10.

The company proposes to utilize the net proceeds towards funding cost for development of Digital Workers, Payment of sub-contracting fees for development of Digital Workers for the Company, and General corporate purposes.

The company offers a comprehensive suite of AI-led digital transformation solutions across two core verticals- technology consulting and its proprietary “Digital Worker” products. Its services span end-to-end enterprise needs including application development, cloud, data & analytics, cybersecurity, and managed services, while its Digital Workers enable automation of business processes through AI and computer vision.

Inga Ventures Private Limited is the book running lead managers to the issue.