The engineering services provider, Ardee Engineering Limited, has filed the draft red herring prospectus (DRHP) with the capital market regulator, the Securities and Exchange Board of India (SEBI), to float an IPO. The ₹580 crore Ardee Engineering IPO comprises a fresh issue of ₹500 crore and an offer for sale of ₹80 crore.
The company proposes to utilise the net proceeds towards funding the following objects:
The company will not receive any proceeds from the Offer for Sale, and the proceeds received from the Offer for Sale will not form part of the Net Proceeds.
Incorporated in 2020, Ardee Engineering Limited is one of the fastest-growing integrated design, engineering and manufacturing companies. The company provides a diversified suite of end-to-end solutions across geographies and end-user industries, with a focus on pre-engineered buildings (PEB), material handling systems (MHS) and engineering services. The company’s business is divided into its primary business lines: (i) PEB, (ii) MHS, and (iii) engineering services. As of December 31, 2024, the company’s order book stood at ₹8,929.55 million.
As of December 31, 2024, the company has executed over 100 PEB projects, which include warehouses and fulfilment centres, data centres, logistics infrastructure, manufacturing units, airports, infrastructure, schools and commercial buildings.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Apr 2, 2025, 10:23 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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