In preparation for another data analytics company IPO, Course5 Intelligence files draft papers with SEBI

 The last year i.e. 2021 was a year of IPO boom for the Indian stock market. IPO launches of companies were at a record level last year. This trend is likely to continue this year i.e. in 2022 as well. With a view to contribute in this episode, data analytics company Course5 Intelligence today filed a draft red herring prospectus with capital markets regulator SEBI for raising funds through Initial Public Offering (IPO). 

The company is planning to raise Rs 600 crore through public offering which includes issue of shares worth Rs 300 crore and offer for sale by promoters for Rs 300 crore. 

It is to be noted that the company's offer for sale includes shares worth Rs 32.5 crore by Ashwin Ramesh Mittal, while Riddhimic Technologies and Riddhimic Technoserve LLP will sell shares worth Rs 40 crore each through OFS. Along with this, the company AM Family Private Trust will sell shares worth Rs 112.5 crore and Kumar Kantilal Mehta will sell shares worth Rs 75 crore through offer for sale. 

According to the information provided by Course5 Intelligence on its company website, this company is a pure-play data-driven company with a focus on helping organizations drive digital transformation using Artificial Intelligence (AI), advanced analytics and insights. Analytics and Insights Company. 

It also describes itself as enabling organizations to solve complex issues related to their customers, markets and competition through a combination of industry-specific domain expertise with AI-powered products and solutions. 

The company also describes itself as a capability to span the entire Analytics and Insights value chain, from Cloud, Data Engineering, Business Intelligence, Intelligent Process Automation, Applied AI and Consulting, Data Management and Descriptive Analytics to Insightful, Predictive and Prescriptive Analytics.