US-based Tryfacta Inc is planning to file draft papers for its initial public offering (IPO) by the end of this month to raise USD 100-150 million through a listing on the international exchanges at Gujarat International Finance Tec-City (GIFT City), according to people familiar with the development.
Currently, the only other company that has filed for an IPO at GIFT City exchanges is Mumbai-based education platform XED, which submitted its draft papers in August. XED aims to garner funds for working capital needs, technology capex, and general corporate purposes.
At present, there are two GIFT City Exchanges — India INX and NSE International Exchange (NSE IX) — located within GIFT City.
According to sources, Yoki Financial Services, an arm of Mefcom Capital and an IFSCA-registered investment bank, has been appointed as the lead manager for Tryfacta’s public offering.
An email sent to Yoki Financial Services seeking comments on the development remained unanswered.
Headquartered​US-based Tryfacta Inc is planning to file draft papers for its initial public offering (IPO) by the end of this month to raise USD 100-150 million through a listing on the international exchanges at Gujarat International Finance Tec-City (GIFT City), according to people familiar with the development.
Currently, the only other company that has filed for an IPO at GIFT City exchanges is Mumbai-based education platform XED, which submitted its draft papers in August. XED aims to garner funds for working capital needs, technology capex, and general corporate purposes.
At present, there are two GIFT City Exchanges — India INX and NSE International Exchange (NSE IX) — located within GIFT City.
According to sources, Yoki Financial Services, an arm of Mefcom Capital and an IFSCA-registered investment bank, has been appointed as the lead manager for Tryfacta’s public offering.
An email sent to Yoki Financial Services seeking comments on the development remained unanswered.
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