First IPO from GIFT City: US-based Tryfacta files draft papers to mobilise $100-150 mn

First IPO from GIFT City: US-based Tryfacta files draft papers to mobilise $100-150 mn

Kolkata: The draft papers for what could be the first IPO from GIFT City, Gujarat has been filed by Tryfacta Inc, a US-based company, reports stated. In the past 11 years — GIFT City became fully operational in 2015 — there has not been a single IPO from GIFT City. The draft prospectus revealed that the issue will be a combination of a fresh issue of up to 13.3 million equity shares and an OFS segment of up to 3 million shares. Ratika Tyagi, who…

Tryfacta Files for GIFT City IPO, Set to Become First US-Headquartered Company to List in India

Tryfacta, Inc. (“Tryfacta”), an artificial intelligence (“AI”)-enabled provider of specialized workforce and technology solutions serving Federal government and State, Local and Education (“SLED”) government agencies across the United States, has filed its Draft Offer Document (DOD) with the International Financial Services Centres Authority (IFSCA) for its proposed initial public offering (IPO) on the exchanges at GIFT City, Gujarat.Upon listin…