Imarticus Learning Targets ₹1,000 Cr IPO via Confidential Filing

Edtech startup Imarticus Learning intends to file a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) through the confidential route within the next two to three months. The company is targeting an initial public offering (IPO) of ₹1,000 crore, according to sources familiar with the matter.

Key Takeaways

• Confidential filing: The company plans to submit its DRHP within the next two to three months.
• Increased valuation: The proposed IPO size has been raised from an initial target of ₹750 crore.
• Strategic use of funds: Proceeds will support business expansion and potential acquisitions.
• Operational focus: Expansion plans include establishing new Centres of Excellence and growing the Imarticus School of Finance and Business.
• Recent growth: The filing follows the acquisition of Singapore-based BELLS Institute of Higher Learning.

Expansion and IPO Strategy

The planned IPO size of ₹1,000 crore represents an increase from the company’s previously stated target of ₹750 crore. The offering is expected to include both a fresh issue of shares and an offer for sale. Imarticus plans to allocate capital toward scaling its existing operations, including the enhancement of its B2B business and the development of new Centres of Excellence. The company also aims to expand the course offerings available at the Imarticus School of Finance and Business.

This move follows a period of inorganic growth for the Mumbai-based company. Imarticus recently acquired Singapore’s BELLS Institute of Higher Learning for ₹800 crore, a move designed to bolster its presence in Southeast Asia. The acquisition provided capabilities in enterprise learning, data analytics, and artificial intelligence. The startup plans to launch the BELLS School of AI, focusing on machine learning and fintech applications.

Market Context

Founded in 2012 by Nikhil Barshikar and Sonya Hooja, Imarticus provides professional education across finance, technology, marketing, and management. The startup serves both individual learners and enterprise clients. Last year, the company acquired the edtech platform MyCaptain in a ₹50 crore deal to diversify its course catalog.