IT solutions provider Trimax to raise Rs 250-cr through IPO

MUMBAI: IT solutions provider, Trimax IT Infrastructure and Services (Trimax) plans to raise around Rs 250-crore through an initial public offering ( IPO) this year, a top company official said.

The company hopes to file the draft red herring prospectus (DRHP) with market regulator Sebi over the next 6-months, the company said.

"We are planning to come out with an IPO during this year itself and look at mobilising around Rs 250-crore. We will file the DRHP in the next six months," Trimax's Director, Sudhanshu Tewari, told PTI here.

The Mumbai-based company, which operates in three verticals -- System Integration, Data centre services, and IT Infrastructure Management, would be using the proceeds for the firm's domestic as well as overseas expansion, mainly in Africa, he said.

Trimax also plans to add 1000-1200 qualified technical professionals to its present workforce of 2,000-odd employees over the next one year, Tewari added.

Trimax is a partner to Bharat Sanchar Nigam Limited (BSNL) and offers Managed Network Services (MNS) from its Certified Network Operations Centre (NOC) running in Mumbai and Bangalore. It serves its customers through its reach at more than 600 locations across India and aims to be the preferred technology integration, management and solution company for its global customers.