Inspira Enterprise India is planning to launch its Rs 8 billion initial public offering (IPO) in December 2021. The company will use the funds garnered through the fresh issue for expanding its presence geographically, especially in the United States (US).
At present the company has presence in six countries- Singapore, Philippines, UAE, Indonesia, US and Kenya.
In addition, the funds will be used for repayment of debt and general corporate purposes.
The company is looking to raise Rs 3 billion through the fresh issuance of equity shares. Besides, there will be an offer of sale of equity shares to the tune of Rs 5 billion by Prakash Jain, Manjula Jain Family Trust and Prakash Jain Family Trust.
The company has received approval from securities and exchange board of India (SEBI) to launch the public issue.
The company intends to focus on building their presence in new markets and addressing the need for digital transformation solutions in new verticals.
