Topsgrup, India’s No.1 total security solutions provider, has plan to enter the capital market with an initial public offer (IPO) of around Rs 300 crore by next year.

The company is all set to raise around Rs 300 crore through its IPO to fund its acquisition plans abroad. Presently, Topsgrup is scouting for acquisition in the US and Indian market. Earlier, the company has bought a company in the UK and one in Bangalore.     

Sources reported that, the raised funds will be utilized for equipment and setting up infrastructure only.

In a separate release, Topsgrup today signed a strategic joint venture deal with Israel-based Securegate, a global group providing world-class security processes, standards and technologies.     

The joint venture, which will be known as Tops Securegate, will be a 51:49 JV (Topsgrup and Securegate) with equal investment from each partner.