Aarvee Engineering, Deon Vitality file DRHPs with Sebi to lift Rs 202 crore and Rs 150 crore through recent challenge
Aarvee Engineering Consultants IPO
The IPO may also have a suggestion on the market (OFS) element the place as much as 67.50 lakh fairness shares might be offloaded by the promoter Promoting ShareholderVenkatachala Chakrapani Redla, . The Promoters of the corporate are Venkatachala Chakrapani Redla and Sneha Redla.
Aarvee proposes to utilise the web proceeds of the recent challenge in the direction of reimbursement / pre-payment of borrowings value Rs 76 crores. Out of the entire proceeds, Rs 21.9 crores might be used in the direction of funding in Indian subsidiary SRA OSS Pvt Ltd. for additional growing geospatial options and digital engineering applied sciences. Funding in abroad subsidiaries might be made by means of the proceeds – Rs 34.8 crore in Australian subsidiary Aarvee Engineering Consultants Pty Ltd and Rs 20.8 crores in UK subsidiary Aarvee Associates Restricted. The remaining quantity might be used for common company functions.
Aarvee is engaged in offering design and supervision associated companies with a portfolio that spans the whole mission lifecycle corresponding to feasibility research, detailed mission studies (DPR), pre-bid companies, detailed design companies, mission administration consultancy (PMC), supervision of operations and upkeep of tasks, third get together inspection and lenders engineering companies.
The corporate claims to have efficiently undertaken over 2,750 tasks globally spanning a number of sectors, in 20 international locations throughout Asia, Africa, Australia and Europe as on June 30, 2025.
Centrum Capital Restricted and Ambit Non-public Restricted are the e book operating lead managers (BRLMs) to the supply.
Additionally Learn: Parijat Industries recordsdata DRHP with SEBI for Rs 160 crore IPO
Deon Vitality IPO
The supply additionally features a subscription reservation by eligible staff, and a reduction might be supplied to eligible ones, bidding within the worker reservation portion.The proceeds from its recent issuance value Rs 100 crore might be utilised for funding its long-term working capital necessities, and common company functions.
The supply is being made by means of the book-building course of whereby no more than 75% of the web supply is allotted to certified institutional consumers, and no more than 15% and 10% of the web supply is assigned to non-institutional bidders and retail particular person bidders respectively.
Included in 2020, the corporate is concentrated on delivering end-to-end renewable power options, together with engineering, procurement and development (EPC) of photo voltaic power tasks on a turnkey foundation, with an emphasis on serving purchasers within the industrial and industrial sectors. The corporate executes unbiased photo voltaic EPC tasks for its purchasers.
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