• Offer for sale: It provides an offer for sale of equity shares totaling up to Rs. 87,500 million with a face value of Rs. 1.
• Price Range: The price band is fixed between Rs. 674 - 708 per equity share.
• Issue Type: The IPO is a 100% book-built offer.
• Subscription date: The issue period begins on February 12th, 2025 and ends on February 14th, 2025.
• Lot size: It is providing a lot size of 21.
• Listing Date: The IPO is going to be listed on February 19th, 2025.
• Stock Exchange: The IPO is going to be listed on the NSE and BSE Limited.

The company with the help of this IPO seeks to utilize all net proceeds to carry out the sales aggregating up to Rs. 87,500 million offered by its selling shareholders.

The table below (in millions ) stipulates the restated Financial Information of the company for the last three financial years for the period ended on September 30, 2024.

The world is drastically experiencing and adapting to digitization with advanced technologies and artificial intelligence being rapidly developed and implemented in all kinds of fields. The use of AI by enterprises in all sectors to enhance their products and platforms, service offerings, cybersecurity and internal functions and solutions is significantly increasing and is expected to reach Rs. 7.8 - 8.0 trillion by 2029. 

The global enterprise technology services market segment is projected to grow at a CAGR of 7.2% and reach approximately Rs. 343 trillion by 2029 along with IT services growing and Business Process services growing at a CAGR of 2.5% from 2024-2029.

The overall digital services spend is also expected to hit Rs. 152.7 trillion by 2029. The government has also taken many initiatives like India-AI and India-US Initiative on Critical and Emerging Technology (iCET) to improve the AI sector in India. 

• The company offers all kinds of AI-driven technology and data services with specific and niche solutions to various customers, enterprises and companies domestically and globally with 39 delivery centers and 16 offices spread across the Americas, Europe and Asia-Pacific region and houses 32,536 employees in 28 countries.

• The company has built a wide customer base that includes 31 of Fortune 500 organizations like Coforge, LTI Mindtree, Mphasis, Persistent Systems etc. 
• The company has shown significant growth in the last three years increasing its revenue from operation from Rs. 71,777 million in 2021 to Rs. 88,200 million (with Rs. 77,643 million as of 30.09.2024).
• The company has also been recognized as the ‘Fastest growing brand’  among the TOP 10 IT companies by Brand Finance 100 in 2024 and has moved to seventh rank from 2021 to 2024 in Brand Finance’s ranking of Indian IT services companies.

• The company in the last two fiscal years has derived its major revenue from operations in America and Europe, any adverse changes in the market condition, and currency fluctuation in these countries may adversely affect the company operations and financial conditions.
• The company’s primary revenue was generated from segments of ‘Financial Services’ and ‘Healthcare and Insurance’, any conditions that negatively affect the demand for these segments adversely affect the company operations and financial conditions.
• The company is in the business that requires highly skilled IT professionals, failure to attract or retain these highly skilled professionals may negatively affect the company's operations leading to adverse financial conditions.
• The company’s growth is dependent on the outsourcing budget undertaken by its customers for IT service requirements, any reduction in the outsourcing budget by the customers may negatively affect the company operations leading to adverse financial conditions.
• The company is prone to cyber attacks, threats, virus, ransomware etc, failure to protect the company software from these cyber attacks may affect the company’s performance leading to loss of financial conditions.
• The company operates in a highly competitive sector with well established global and local players that offer competitive services and prices. 

The global digital industry is on the rise with constant technology disruption and robust development of databases, and block-chains that are driven by Artificial Intelligence. The global enterprise technology services market segment is projected to reach approximately Rs. 343 trillion by 2029.

The company has significantly grown over the years by building a strong global customer base and has also made healthy returns in the last three fiscal years, however, the company also faces strong competition from well-established companies in this sector. 

Potential investors should access the risks given in the RHP draft before investing.

The company vide this IPO strictly aims to sell the offered shares totaling up to Rs. 87,500 million offered by its selling shareholders. Each equity share is set from Rs.678 - 708 for a lot size of 21. The company has established a strong business presence in the IT market along with healthy returns over the last three financial years. The IT industry is growing and has strong potential in the coming years. Prospective investors should go through the risks given in the RHP prospectus before investing.