ReCode Solutions Inc owns an 86.83% stake in the company, and will be the selling shareholder in the OFS segment of the IPO. Intellius Recode aims to use the fresh issue proceeds from the IPO to fund costs for developing digital workers, payment of subcontracting fees for developing digital workers and general corporate purposes. The price band and the minimum bid size for retail investors will be announced later.
Around 75% of the IPO will be reserved for qualified institutional buyers (QIBs), up to 15% will be reserved for non-institutional investors (NIIs), while 10% of the offer will be kept for retail investors. Inga Ventures Private Limited is the book-running lead manager of the IPO, while MUFG Intime India Private Limited (formerly Link Intime India Private Limited) will be the registrar, according to the DRHP.
The Chennai-based next-generation technology solutions provider is known for AI-driven automation and low-code solutions. Its flagship ‘digital workers’ automate complex, repetitive tasks with high accuracy. The company has more than 100 clients and has automated more than one million transactions since its inception in 2018.
The company’s business is organised under two core verticals: technology consulting and Agentic AI-based digital workers for enterprise process transformation, including a computer vision-based artificial intelligence platform to enable industrial automation, which are known as digital workers.
Intellius Recode generated a profit of Rs 8.18 crore for the financial year 2025, and Rs 9.25 crore in FY24. The company’s net profit for the six months ending September 30 this year stood at Rs 2.41 crore. Revenue from operations stood at Rs 7.08 crore for FY25 and Rs 7.99 crore for FY24.
The company competes with several listed peers, including Coforge, Fractal Analytics, Birlasoft and more.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)