NE BUSINESS BUREAU
CHENNAI, MAR 30
Intellius Recode Limited, a next-generation technology solutions provider, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India for an Initial Public Offering (IPO), marking a strategic push to scale its artificial intelligence-led enterprise solutions.
- Next-gen tech firm bets big on Agentic AI-driven ‘Digital Workers’ for enterprise transformation
- Fresh issue and offer-for-sale to fund product development and scale global delivery
- Company targets automation across front, mid, and back-office operations
- Listing proposed on BSE and NSE with Inga Ventures as lead manager
The proposed offering comprises a fresh issue of up to ₹1,170 million (₹117 crore) along with an offer for sale of up to 12,90,000 equity shares. The face value of each share is ₹10, and the company plans to list on the BSE Limited and National Stock Exchange of India Limited.
Promoted by Recode Solutions Inc., Prasanna Srinivasan Ramaswamy, and Sivathanupillai Adhikesaven Nadarajapillai, the company positions itself at the intersection of digital transformation and advanced artificial intelligence.
AI-Powered Enterprise Transformation
Intellius Recode focuses on enabling large global enterprises to accelerate digital transformation through technology consulting and its proprietary AI-driven platforms.
According to the company: “Our Digital Workers are designed as AI-enabled virtual employees that can replicate human judgment and execute business processes across enterprise systems.”
These “Digital Workers” are built using autonomous, context-aware, and adaptive “Agentic AI” capabilities, allowing organisations to automate complex workflows across front-office, mid-office, and back-office operations.
Dual-Engine Business Model
The company’s operations are structured across two primary verticals:
- Technology Consulting: Covering data analytics, robotic process automation (RPA), enterprise integration, application development, quality assurance, and digital commerce solutions.
- Digital Workers Platform: Proprietary AI software products designed to drive industrial automation and enterprise efficiency, including computer vision-based AI systems.
The firm highlighted: “Our offerings combine custom programming expertise with leading third-party enterprise platforms to deliver scalable and adaptive solutions.”
IPO Proceeds and Growth Strategy
The net proceeds from the fresh issue are proposed to be utilised for:
- Development of Digital Worker products
- Payment of sub-contracting costs linked to product development
- General corporate purposes
The company aims to strengthen its product innovation pipeline while expanding its global delivery capabilities.
Market Debut Plans
The equity shares offered through the Red Herring Prospectus are proposed to be listed on India’s leading stock exchanges, enhancing visibility among institutional and retail investors.
Inga Ventures Private Limited has been appointed as the Book Running Lead Manager to the issue.
With enterprises increasingly adopting AI-led automation, Intellius Recode’s IPO signals growing investor interest in next-generation digital transformation platforms that blend consulting with proprietary AI products.
