Upcoming IPO: Aarvee Engineering Consultants Files for IPO to Raise ₹202.5 Crore

In a significant development, Aarvee Engineering Consultants has filed Draft Red Herring Prospectus (DRHP) with the market regulator SEBI to launch its upcoming initial public offering (IPO). 

Aarvee Engineering Consultants IPO Details

Aarvee Engineering Consultants aims to raise ₹202.5 crore through a fresh issue of equity shares. In addition to the fresh issue, the IPO will include an Offer for Sale (OFS), wherein promoter Venkatachala Chakrapani Redla plans to offload up to 67.5 lakh equity shares, each carrying a face value of ₹10.

The equity shares will be listed on both the BSE and NSE, with the price band and minimum bid lot to be determined in consultation with the book running lead managers (BRLMs). Centrum Capital and Ambit are serving as the BRLMs for the offering, while KFin Technologies will act as the registrar to the issue.

Use of IPO Proceeds

While the company will not benefit directly from the OFS component, proceeds from which will go to the selling promoter post applicable deductions, the funds raised through the fresh issue will be strategically deployed.

According to the DRHP, Aarvee plans to utilize the IPO proceeds for:

• Repayment or prepayment (in full or part) of certain outstanding borrowings;
• Investment in its Indian subsidiary, SRA OSS India Pvt Ltd, for advancing geospatial solutions and digital engineering technologies;
• Capital infusion into overseas subsidiaries, namely Aarvee Engineering Consultants Pty Ltd (Australia) and Aarvee Associates Limited (UK);
• General corporate purposes, to support future growth and operational expansion.

Also Read: Upcoming IPOs This Week: 5 Mainboard and 16 SME IPO Set to Open Week Starting Sep 29

About Aarvee Engineering Consultants

Founded in Hyderabad, Aarvee Engineering Consultants is a multidisciplinary infrastructure consultancy firm offering end-to-end services across various sectors. The company caters to a wide array of infrastructure projects, including Public-Private Partnership (PPP) and Build-Operate-Transfer (BOT) models.

Its offerings span the entire project lifecycle, from feasibility studies and detailed project reports to construction supervision and quality assurance. Leveraging advanced technology, industry best practices, and a sector-agnostic approach, Aarvee delivers sustainable and innovative solutions for complex infrastructure challenges.

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