Upcoming IPO! Transline Technologies files draft papers with Sebi; details

Transline Technologies, a technology solutions provider, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a proposed initial public offering (IPO). The issue will be a complete offer-for-sale (OFS) of up to 16.19 million equity shares of ₹2 each. Within the promoter group, Amita Gupta plans to sell 5.5 million shares, RKG Enterprises will offload 7.98 million shares, and Arun Gupta HUF intends to divest 2.66 million shares. Among the shareholders, Rahul Jain will sell up to 50,000 shares.