Aarvee Engineering Consultants Files IPO to Raise ₹2.03 Billion; Promoters to Offload 6.8 Million Shares

Aarvee Engineering Consultants Ltd has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an initial public offering aimed at raising ₹2.03 billion through a fresh issue of equity shares. In addition, existing shareholders will sell 6.8 million shares via an offer-for-sale (OFS), marking a significant milestone in the company’s capital market journey.

 

Key highlights of the IPO include:

 

 

Strategic implications:

 

 

Sources: SEBI Public Issues, Economic Times Markets.