Inspira Enterprise IPO

 

Inspira Enterprise India Limited is a prominent digital transformation business in India, with a concentrate on cyber security and an international reach in a variety of industries (Source: F&S Report). Inspira Enterprise IPO will hit the market in October 2021.

About Inspira Enterprise India Limited

Inspira Enterprise India Limited offer cyber security and digital transformation solutions to our customers, and They’ve completed significant cyber security transformation projects, as well as infrastructure and digital transformation projects, for a variety of Indian organisations.

Through their direct and step-down subsidiaries, they have grown their activities to various geographies throughout time, and as of March 31, 2021, they were operational in six nations, comprising India, the United States, Southeast Asia, the Middle East, and Africa.

Operation

MSSP Alert has rated them within the top 250 MSSP suppliers in the world for 2020, and Forrester’s Now Tech: Managed Security Services in Asia Pacific, Q4 2020 study lists them in the top 35 MSSP suppliers.

They have skills throughout the digital lifecycle of solutions, from consulting, architecture, solution design, and implementation, to monitoring and delivering managed services, thanks to their diverse offers across different sectors and regions.

Service Example

For example, they previously offered consultancy and design services to a bank, as well as constructing a full G-SOC, overhauling its IT infrastructure to boost advanced banking products and strengthening its IT security architecture to better compliance with applicable legislation.

Inspira Enterprise IPO

Inspira Enterprise India Limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 800 crores on 13 August 2021.

The Offer includes 300 Crore value fresh equity shares and There is an offer for sell(OFS) of 500 Crores value equity shares by the principal shareholders mentioned in the DRHP.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
		31-Mar-21	31-Mar-20	31-Mar-19
Total Assets		673.66	646.10	492.45
Total Revenue		813.90	768.14	628.46
Profit After Tax		36.15	19.71	4.26

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2021	4.98	4.98	3
Financial Year 2020	2.72	2.72	2
Financial Year 2019	0.59	0.59	1
Weighted Average	3.50	3.50

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

The following are some of the basic parameters that contribute into determining the Offer Price:

1. In an industry with significant entry hurdles, major supplier of cyber-security solutions.
2. Integrated digital transformation solution company with vertical-specific end-to-end capabilities.
3. A consulting-led business and delivery strategy with a domestic and worldwide presence.
4. Long-term partnerships with a global client base.
5. Vertically diverse expertise with a track record in BFSI services.
6. Designing value-adding solutions based on well-established COEs.
7. Promoters who are highly experienced and enterprising, as well as senior management with strong subject expertise, are backed up by a competent workforce.

Inspira Enterprise IPO Peer Comparison

S. No.	Face Value	Company Name	PE
1	2	HCL Technologies Limited	25.56
2	2	Happiest Minds Limited	124.34
3	2	Birlasoft Limited	35.64
4	10	Mindtree Limited	42.16
5	5	Tech Mahindra Limited	25.20
6	2	Wipro Limited	31.36
7	1	Tata Consultancy Service Limited	38.17
8	1	Larsen & Toubro Infotech Limited	4,762.55
9	10	Coforge Limited	65.35
10	5	Cyient Limited	29.25
11	2	Zensar Limited	27.94

Inspira Enterprise IPO Details

IPO Opening Date	October 2021
IPO Closing Date	October 2021
Issue Type	Book Built
Face Value	5 per  share
IPO Price	0 to 0 per equity share
Market Lot	–
Min Order Quantity	–
Listing At	BSE, NSE
Issue Size	800 Crore
Fresh Issue	300 Crore
Offer for Sale	500 Crore

Inspira Enterprise IPO Date

Inspira Enterprise IPO opening date is October 2021, and the closing date is October 2021. The issue may list in October 2021.

IPO Opening Date	October 2021
IPO Closing Date	October 2021
Basis of Allotment Date	October 2021
Initiation of Refunds	October 2021
Credit of Shares to Demat Account	October 2021
IPO Listing Date	October 2021

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	75	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	10	Minimum level of 1 lot, based on availability, for every shareholder.

Inspira Enterprise IPO Allotment Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Inspira Enterprise IPO.

Inspira Enterprise IPO GMP

Inspira Enterprise IPO Grey Market Premium is 0.

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
October 2021
October 2021
October 2021
October 2021
October 2021
October 2021
October 2021
October 2021
October 2021
October 2021
October 2021
October 2021

Inspira Enterprise IPO Review

Inspira Enterprise IPO review will depend on the price band. Whenever it will be announced we will update you regarding review of this IPO is good or bad.

Inspira Enterprise IPO Risk

• Unauthorized access to their network or data may result from a network or data security incident, which might affect their reputation.
• A small number of clients account for a substantial part of their revenue.
• The COVID-19 pandemic’s long-term impact on their business is unknown, but it might be large and continue to have a negative influence.
• Others’ claims that they infringe on their proprietary technology or other rights might have a negative impact on their business.
• There are ongoing legal actions against their company. Any negative conclusion in these proceedings might have a negative impact on their company.
• Their business may suffer if they are unable to recruit, educate, retain, and motivate skilled staff.

Other Threats

• Applications, viruses, spyware, vulnerability exploits, data patterns, and URL categories that are falsely detected might have a negative impact on their organisation.
• Failure to successfully manage their development and expansion might have a significant negative impact on their business.
• They might not be able to effectively safeguard their intellectual property, which could hurt their business.
• They have contacts with global firms which comes with risks and uncertainties associated with doing business outside of India.
• Exchange rate changes may have a negative impact on their financial results.
• They use third-party technology into their solutions, and their failure to secure or maintain rights to the technology might threaten their operations.

Business Model

Their services are divided into three categories:

• Cyber security

To accomplish large-scale cyber security transformation projects, they offer a comprehensive portfolio of corporate security services, allowing their customers to efficiently manage risk and fight against new threats.

Cyber security transformation services, managed security services through their Global Security Operations Center (“GSOC”), governance, risk and compliance services, cyber security integration services, and identity and access management (IAM) services are just a few of the services they provide.

They support their customers analyse their risk exposure, expand their products and expertise, identify and respond to threats, and streamline their security priorities in order to speed up their business transformation.

• Digital Solutions

ANKIOS®, a convergent architecture built to create possibilities through disruptive information tools, provides our digital solutions.

Smart solutions, including ‘Smart City’ projects and digital healthcare technologies, Whereas cloud services, including private cloud deployment on application defined and hyper-converged infrastructure, public cloud, and cloud MSP.

Big data and analytics, including client offerings of segmentation, profiling, fraud and risk analytics, IT operational analytics, and web analytics, are among the company’s key products.

• Integrated Enterprise Solutions

Integrated enterprise solutions include network engineering services, such as network infrastructure technologies, infrastructure platform as a service, which includes traditional infrastructure approaches and hosted data centre technologies, and infrastructure management services, such as a network operating centre and an integrated operations centre for cloud computing.

They provide consultation and assessment offerings, and also integration and migration systems, as part of their network engineering and infrastructure platform services, which entail building, creating, and maintaining digital infrastructure.

Clients

By partnering with their customers throughout verticals such as BFSI, TMT, industrials, and e-governance, They’ve gathered significant knowledge in each of these lines of business, laying the groundwork for the growth of solutions across verticals.

They are among India’s top three suppliers for BFSI cyber security, having given services to nine of the country’s top ten private banks (in terms of assets as of March 31, 2021) (Source: F&S Report), as well as a number of public sector institutions.

National Payments Corporation of India, Indian Bank, and Canara Bank are some of the company’s most important clients.

Awards

To deliver their variety of solutions, they use our partnerships with major technology partners, including important technology providers such as Juniper, Fortinet, and Palo Alto.

Their services have also received awards, such as the Splunk APAC Rookie Partner of the Year in 2021, the Skoch Award for “Swasth Bharat Platinum- Municipal Corporation of Greater Mumbai for Hospital Management Information System” in 2019.

The RSA Partner Performance Excellence Excellence Award 2019 for “Rising Star Partner of the Year,” as well as the CRN Excellence Award 2019 for “Hyper Converged IoT” in 2019.

Inspira Enterprise IPO Brokerage views

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

Inspira Enterprise IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
October 2021	1
October 2021	2
October 2021	3

Promoters

• Prakash Jain
• Chetan Jain
• Vishal Jain
• Manjula Jain Family Trust
• Prakash Jain Family Trust

Promoters’ Holding

Pre Issue Share Holding	99.99 %
Post Issue Share Holding