SSBA Innovations has filed its DRHP with Sebi. The company operates the platforms TaxBuddy and Finbingo. Finbingo was established in May 2022 and provides economic solutions, including planning, consulting, and wealth management. TaxBuddy provides assisted tax (ITR and GST) planning and filing, advisory, and IT notice management.
The Draft Red Herring Prospectus (DRHP) describes the IPO as fresh stock offering with a maximum value of Rs150 crore.65.45 crore rupees of the issue’s proceeds will be utilized for customer acquisition and commercial development, 15.22 crore rupees for technological advancement, and the remaining rupees for general corporate purposes.
Systematix Corporate Services will manage the IPO.
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