Telangana-based infrastructure consultancy company Aarvee Engineering Consultants has decided to tap capital markets for fund raising as it has filed draft papers with the SEBI for IPO.
The company plans to mobilise Rs 202.5 crore via fresh shares, while promoter Venkatachala Chakrapani Redla will be selling up to 67.5 lakh shares via offer-for-sale.
Just before the IPO launch for the public, it may consider raising funds up to Rs 40.5 crore in pre-IPO round, which is a part of fresh issue component.
Aarvee Engineering Consultants provides consultancy services for the entire project lifecycle from feasibility studies, detailed project reports, to supervision of operations and maintenance of projects, and lenders engineering services for several infrastructure segments including railways & Metro rail, roads & bridges, and water supply & sanitation.
The company proposed to utilise fresh issue funds mainly for repaying debt, investment in subsidiaries, and general corporate purposes.
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On the financial front, Aarvee Engineering that competes with listed peers like RITES and Engineers India (both are PSUs) has registered a 26.3 percent growth in profit at Rs 51.6 crore for the year ended March 2025, up from Rs 40.9 crore in the previous financial year. Revenue during the same period soared 9.7 percent to Rs 567.1 crore, increasing from Rs 517 crore.
Centrum Capital, and Ambit are appointed as the merchant bankers for the Aarvee Engineering Consultants IPO.
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