Innovatiview India Ltd, the country's leading examination security solutions provider, has filed draft papers with SEBI for a ₹2,000 crore IPO. The offering consists entirely of an Offer for Sale by existing promoters and shareholders. With a 73.7% market share in India's examination-integrated security segment, Innovatiview specializes in AI-powered CCTV surveillance and touchless biometric verification. The company reported a revenue of ₹638 crore in FY24, up from ₹380.73 crore in FY23. This IPO marks a significant milestone for the Noida-based firm, which has secured over 1,409 examinations nationwide in the first half of FY25.
Sources: Moneycontrol, The Bengaluru Live, Latestly