CMS INDUSLAW has been appointed as sole Indian legal counsel to Intellius Recode Limited and Inga Ventures Private Limited for the proposed IPO. The mandate includes advising on regulatory, structuring, and compliance aspects of the offering, with Inga Ventures acting as the book running lead manager for the public issue.
CMS INDUSLAW has been appointed as the sole Indian legal counsel to Intellius Recode Limited and Inga Ventures Private Limited, the book running lead manager, in connection with the proposed initial public offering (IPO) of Intellius Recode Limited.
IPO Structure and Details
The proposed IPO comprises two components:
- A fresh issue of equity shares aggregating up to INR 1,170 million
- An offer for sale (OFS) of up to 1,290,000 equity shares
This strategic combination is expected to help the company raise capital for growth while providing an exit opportunity to existing shareholders.
The transaction was led by Partner Mathew Thomas, with key support from Senior Associates Aman Bahl and Shambhavi Kumar, along with Associates Kirti Gohil, Khushi Dua, Aishwarya Agarwal, Preeti Gokhale, Tanvi Ginodia, Anoushka Sud, and Sanjana Gupta.
Established in 2018, Recode Solutions specializes in delivering advanced technology-driven services, including AI-powered automation and sector-specific digital solutions, designed to streamline operations and accelerate digital transformation for enterprises.
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