Aarvee Design Professional IPO
The IPO will also have a market (OFS) part where up to 67 50 lakh equity shares will be unloaded by the promoter Marketing ShareholderVenkatachala Chakrapani Redla,. The Marketers of the business are Venkatachala Chakrapani Redla and Sneha Redla.
Aarvee suggests to use the net profits of the fresh problem in the direction of settlement/ pre-payment of borrowings worth Rs 76 crores. Out of the overall profits, Rs 21 9 crores will certainly be utilized in the direction of investment in Indian subsidiary SRA OSS Pvt Ltd. for additional creating geospatial services and electronic engineering modern technologies. Financial investment in overseas subsidiaries will certainly be made through the earnings– Rs 34 8 crore in Australian subsidiary Aarvee Design Consultants Pty Ltd and Rs 20 8 crores in UK subsidiary Aarvee Associates Limited. The continuing to be amount will certainly be used for general corporate objectives.
Aarvee is engaged in offering design and supervision related services with a portfolio that covers the whole task lifecycle such as feasibility research studies, comprehensive project reports (DPR), pre-bid solutions, in-depth layout services, project management consultancy (PMC), guidance of operations and upkeep of projects, third party inspection and lending institutions engineering services.
The company claims to have efficiently embarked on over 2, 750 jobs around the world extending numerous fields, in 20 countries throughout Asia, Africa, Australia and Europe as on June 30, 2025
Centrum Capital Limited and Ambit Private Limited are the book running lead managers (BRLMs) to the deal.
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The deal likewise includes a registration appointment by eligible workers, and a price cut will be offered to qualified ones, bidding in the employee reservation portion.The earnings from its fresh issuance worth Rs 100 crore will certainly be made use of for moneying its lasting capital needs, and basic corporate purposes.
The deal is being made through the book-building process in which not more than 75 % of the net offer is allocated to certified institutional buyers, and not more than 15 % and 10 % of the net deal is designated to non-institutional bidders and retail private bidders respectively.
Included in 2020, the business is focused on delivering end-to-end renewable energy remedies, including engineering, procurement and building (EPC) of solar energy projects on a complete basis, with a focus on serving customers in the business and industrial markets. The business implements independent solar EPC projects for its customers.
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