TRANSLINE TECHNOLOGIES LIMITED FILES DRHP WITH SEBI

Transline Technologies Limited (“the Company”),  a specialized technology-solutions provider with a focus on designing, developing, and deploying integrated security and surveillance systems, biometric authentication platforms, and artificial intelligence-driven software products has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). 

The Company plans to raise funds through equity share capital via initial public offering. The total offer size of initial public offer comprises of ‘Offer for Sale’ of up to 16,191,500 equity shares with face value Rs.2 each share.

Transline Technologies’ business model generates revenue from multiple streams, including project-based system integration contracts, Software as a Service (“SaaS”) subscriptions, sale of hardware and software products, and technical services such as annual maintenance and managed support. Company has developed a portfolio of proprietary software tools—StorePulse, an AIpowered video analytics platform —StorePulse, an AIpowered video analytics platform; CamStore, a real-time video compression and storage optimization solution; and CheckCam, a CCTV network health monitoring system—which are offered as standalone cloud-deployed SaaS solutions or as part of integrated turnkey deployments.

Motilal Oswal Investment Advisors Limited is the sole Book Running Lead Managers (BRLMs) to the issue.