Upcoming SME IPO, Jan. 6 -- Kratikal Tech Limited, an AI-driven cybersecurity and Software-as-a-Service (SaaS) solutions provider, has filed its draft red herring prospectus (DRHP) with BSE SME for its initial public offering (IPO).

The SME IPO comprises a fresh issue of up to 3,000,000 equity shares, each with a face value of Rs.10.

As Kratikal Tech moves forward with its IPO plans, the funds raised are intended for global market expansion through investments in its subsidiaries, Threatcop FZ LLC (UAE) and Threatcop AI Inc. (USA).

The proceeds will also be used for sales and marketing activities, workforce development in international markets, product development, and general corporate purposes, according to the company's press releas...