Upskilling platform Imarticus Learning eyes Rs.1,000-Cr IPO

Mumbai-based Imarticus Learning plans to file its draft red herring prospectus (DRHP) through the confidential route within the next two to three months for an IPO of INR 1,000-Cr. The proposed issue size has been increased from the previously planned INR 750-Cr, which was to feature a mix of a fresh issue and an offer for sale.Founded in 2012 by Nikhil Barshikar and Sonya Hooja, Imarticus provides professional education and upskilling programs across sectors including finance, banking, analytics, technology, marketing, and management. Imarticus plans to use the IPO proceeds to expand its business operations and pursue acquisitions.The company's expansion efforts follow its recent INR 800-Cr acquisition of the Singapore-based BELLS Institute of Higher Learning, which was intended to broaden its footprint in Southeast Asia. Additionally, the firm acquired the edtech platform MyCaptain last year in an INR 50-Cr cash and stock transaction to enhance its course portfolio.