Delhi-based video surveillance, biometric, and IT infrastructure solutions provider Transline Technologies has filed preliminary papers with the SEBI on August 7 to raise funds via initial public offering.
The IPO will comprise of entirely offer-for-sale of 1.6 crore shares by the existing shareholders including promoters. Hence, the company will not receive any funds from the offer, and all the money will go to selling shareholders.
Promoters hold 70.81 percent stake in Transline Technologies. And the remainder 29.19 percent shares are owned by 437 shareholders including Ramesh Damani, Green Portfolio, Altius Investech, Chryseum Advisors, and Unilisted Tech.
The company has raised 64.8 crore through private placement during August 2023-May 2024. The last private placement in May 2024 took place at Rs 270 per share, at which it was valued at Rs 2,421.2 crore.
Transline Technologies that competes with listed peers like Nelco, Orient Technoloiges, and Allied Digital Services offers technology solutions with a focus on designing, developing, and deploying integrated security and surveillance systems, biometric authentication platforms, and artificial intelligence-driven software products.
The video surveillance systems segment contributed highest to its revenue at 36.22 percent in FY25, IT Infra offerings 26.43 percent, services 18.96 percent, and biometric solutions business accounted 17.71 percent of revenue.
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The company has recorded profit at Rs 48.3 crore in the fiscal 2025, growing 36.3 percent over the previous financial year. Revenue in the same period increased by 64.3 percent to Rs 371.1 crore.
Motilal Oswal Investment Advisors as a merchant banker will manage the Transline Technologies IPO.
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