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Inspira Enterprise Receives SEBI’s Nod to Raise Rs. 800 Crores through IPO

07 February 20234 mins read by Angel One
Inspira Enterprise Receives SEBI’s Nod to Raise Rs. 800 Crores through IPO
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Leading IT solutions provider, Inspira Enterprise has received SEBI’s nod to generate as much as Rs. 800 crores via IPO. The public issue will consist of a fresh equity issuance worth Rs. 300 crores and an offer for sale of Rs. 500 crores by Manjula Jain Family Trust, Prakash Jain and Prakash Jain Family Trust, as per the DRHP.

Want to know more about this IPO?

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A Closer Look at Inspira Enterprise IPO

Inspira Enterprise filed DRHP with the market regulator earlier in August. The company received its observations letter on 1 November 2021, as per an update by the market regulator, SEBI.

According to SEBI, the observations letter indicates its permission to continue for the IPO.

Further, as a part of the offer for sale, the promoter family will sell a part of their stake in the following manner:

  • Manjula Jain Family Trust will divest shares of up to Rs. 91.77 crores
  • Prakash Jain will sell shares worth Rs. 277.15 crores, and
  • Prakash Jain Family Trust will offload shares worth Rs. 131.08 crores.

Moreover, the company might also consider a pre-IPO placement worth Rs. 75 crores. If this is done, the company will reduce the size of the fresh issue accordingly.

The employees of Inspira Enterprise will benefit from the reservation of shares for this IPO.

Inspira Enterprise plans to utilise the proceeds from this issue for the following purposes:

  • To fund working capital requirements
  • To repay debts
  • For general corporate purpose

Inspira Enterprise primarily focuses on cybersecurity and has transformed itself into a leading IT solutions platform over the years. The company extends digital transformation and cybersecurity services to its customers.

Evidently, Inspira Enterprise has carried massive projects relating to the field of cybersecurity transformation, information, and digital transformation for certain Indian institutions.

Through its varied range of offerings across collective geographies and verticals, Inspira Enterprise entails capacities encompassing the digital span of certain services ranging from architecture, construction, implementation, and solution design to extending managed services and monitoring.

Mentioned below are the financial trends of the company from March 2019 to March 2021.

Total Assets (in crores) Total Revenue (in crores) Profit after Tax (in crores)
31 March 2019 492.45 628.46 4.26
31 March 2020 646.10 768.14 19.71
31 March 2021 673.66 813.90 36.15

Bottom Line

Inspira Enterprise is undoubtedly a major supplier of cybersecurity solutions in an industry where significant entry hurdles persist. In addition, the company shows high growth potential by partnering with major technology partners, such as Fortinet, Palo Alto, and Juniper.


Frequently Asked Questions

  1. Who are the lead book running managers to this public issue?

The book running managers to Inspira Enterprise IPO are JM Financial, Axis Capital, SBI Capital Markets, Nomura Financial Advisory and Securities and Yes Securities.

  1. When was Inspira Enterprise incorporated?

Inspira Enterprise was established in 2008.

  1. Who is the registrar of Inspira Enterprise IPO?

The registrar of this IPO is Link Intime India Private Limited.


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