Intellius Recode Files IPO Papers to Raise Funds, Eyes Capital Markets

• Chennai-based Intellius Recode, a technology services provider, filed preliminary IPO papers with SEBI on March 27.
• The IPO comprises a fresh issuance of shares worth Rs 117 crore and an offer-for-sale of 12.9 lakh shares by promoter ReCode Solutions Inc.
• The company plans to use Rs 43.1 crore for digital worker development and Rs 38.4 crore for sub-contracting fees.
• Intellius Recode reported a profit of Rs 8.2 crore for FY25, an 11.5% drop from the previous year, with revenue also falling over 11% to Rs 70.8 crore.
• Inga Ventures will be the merchant banker for the Intellius Recode IPO.