Hyderabad-Based Infrastructure Consultancy to Enter Capital Markets
Aarvee Engineering Consultants, a multidisciplinary infrastructure consultancy firm headquartered in Hyderabad, has filed a Draft Red Herring Prospectus (DRHP) with SEBI to launch its initial public offering (IPO). The IPO aims to raise ₹202.5 crore through a fresh issue of equity shares, marking the company’s entry into the capital markets.
IPO Details
- Total Raise: ₹202.5 crore via fresh issue of equity shares
- Offer for Sale (OFS): Promoter Venkatachala Chakrapani Redla plans to sell up to 67.5 lakh equity shares (face value ₹10 each) as part of the OFS
- Listing: Both BSE and NSE
- Book Running Lead Managers (BRLMs): Centrum Capital and Ambit
- Registrar: KFin Technologies
- Price Band & Minimum Bid Lot: To be finalized in consultation with the BRLMs
Use of IPO Proceeds
Proceeds from the fresh issue will be utilized for:
- Repayment or prepayment of certain outstanding borrowings, in full or part
- Investment in Indian subsidiary SRA OSS India Pvt Ltd to advance 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 operational expansion and future growth
Note: The OFS proceeds will go to the selling promoter post applicable deductions, and the company will not benefit directly from this component.
About Aarvee Engineering Consultants
Founded in Hyderabad, Aarvee Engineering Consultants provides end-to-end infrastructure consultancy services across multiple sectors. The company specializes in:
- Feasibility studies and detailed project reports
- Construction supervision and quality assurance
- Public-Private Partnership (PPP) and Build-Operate-Transfer (BOT) project models
By leveraging advanced technology, industry best practices, and a sector-agnostic approach, Aarvee delivers sustainable and innovative solutions for complex infrastructure projects.
Summary
- IPO Size: ₹202.5 crore (fresh issue)
- OFS Component: Up to 67.5 lakh shares by promoter
- Listing: BSE and NSE
- Use of Funds: Debt repayment, investments in Indian and overseas subsidiaries, general corporate purposes
- Business Focus: End-to-end infrastructure consultancy, PPP/BOT projects, geospatial and digital engineering solutions
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.