iValue Infosolutions Files for IPO Backed by Creador

iValue Infosolutions, backed by private equity firm Creador, has filed for an initial public offering (IPO) with Sebi. The IPO is entirely an Offer for Sale (OFS) of up to 1.87 crore shares by promoters and investors. The company specializes in tech solutions for digital transformation.

Private equity firm Creador-backed iValue Infosolutions Ltd has filed draft papers with markets regulator Sebi to float an initial public offering (IPO).

The Bengaluru-based company's IPO will be an entirely Offer for Sale (OFS) of up to 1.87 crore equity shares by its promoters and investor shareholders, as stated in the Draft Red Herring Prospectus (DRHP).

Under the OFS, Sundara (Mauritius) Ltd, an affiliate of Creador, will offload 1.11 crore equity shares. As the entire issue is an OFS, the proceeds from the IPO will go directly to the selling shareholder rather than the company.

According to the company, the main reason for going public is to benefit from listing equity shares on the stock exchanges and to carry out the OFS for the selling shareholders.

iValue Infosolutions is an enterprise technology solutions specialist, offering comprehensive, purpose-built solutions for securing and managing digital applications and data. The company serves large enterprises in their digital transformation by identifying, recommending, and deploying solutions to ensure the performance, availability, scalability, and security of digital applications and data.

Founded in 2008, iValue Infosolutions has offices in eight locations across India and is also present in six international locations, including Singapore, Bangladesh, Sri Lanka, the UAE, Cambodia, and Kenya, according to the draft papers filed last week.

IIFL Securities and Motilal Oswal Investment Advisors are the book-running lead managers (BRLMs) for the issue. The equity shares are proposed to be listed on the BSE and NSE.

(With inputs from agencies.)