Shivganga Drillers Files for ₹40 Crore IPO to Fuel Drilling Expansion

Shivganga Drillers, with expertise in water wells to complex oil & gas workovers, seeks public listing to raise capital for fleet expansion and operations. Backed by experienced leadership like ex-ONGC advisor Kallol Bhattacharya, the IPO aligns with rising domestic drilling demand.

Key Highlights

IPO Size: Fresh issue aggregating ₹40 million via book-built route.

Business Focus: Integrated drilling from water wells to oil/gas projects.

Certifications: ISO 9001, 14001, 45001; IADC member status.

Leadership: Drilling advisor with ONGC background heads technical team.

Growth Driver: Targets energy sector expansion in challenging terrains.

Source: SEBI DRHP filing, company website.