Multiplier AI IPO
The Multiplier AI IPO is a book-built issue comprising a fresh issue of up to 35 lakh equity shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on February 27, 2025. The price band and official dates of subscription and listing will be announced by the company later, but the equity shares are supposed to be listed on the NSE Emerge platform. This issue will be managed by Swastika Investmart Ltd. as the Book Running Lead Manager (BRLM), while MUFG Intime India Private Ltd. is acting as the registrar to the offer.
Company Background
Multiplier AI Ltd. was incorporated as a partnership firm in 2011, which was later converted to a private limited company in 2016 and finally registered with the name Multiplier AI Ltd. in 2024. The current business activity of the company is entirely devoted to providing artificial intelligence (AI) solutions and digital transformation strategies to the pharmaceutical and healthcare industries. The corporate office of the company is located in Madhapur, Hyderabad, Telangana, with another branch office in Noida, Uttar Pradesh, to maintain its presence in the domestic as well as global market.
Operations & Product Range
Multiplier AI Ltd. is a technology and digital marketing services company specifically designed for the life sciences ecosystem. Its main services include proprietary AI solutions, such as the GenAI Doctor Data Platform and Patient Intelligence Platform and copilots using GPT and LLM technology, designed for pharmaceutical companies, medical device companies and hospital groups looking to improve their physician and patient acquisition strategy.
Facilities & Capacity
The operational execution of Multiplier AI Ltd. is primarily carried out from their corporate head office in Hyderabad and their branch facility in Noida. The ability of Multiplier AI Ltd. to deliver its complex data intelligence and marketing solutions is enabled by its professional workforce of 84 employees as of December 2024. This issue mainly focuses on increasing its operational execution by setting up new offices and specialized strategic teams in India and international markets.
Brands & Market Presence
Multiplier AI Ltd. is operating under the brand umbrella and is actively promoting its unique digital platforms, such as HCP IQ, to its enterprise clients. It has a good presence in the home market and is expanding its export market presence by servicing global life sciences organizations in the US, Europe and Southeast Asia markets. One of the biggest recognitions of its market presence is its partnership with and servicing of more than 30 of the top pharmaceutical companies worldwide.
