Allied Engineering Works has filed draft papers with SEBI for an IPO comprising a fresh issue of shares worth INR 400 crore to fund its expansion plans, including capital expenditure for new manufacturing facilities.
July 07, 2025
Allied Engineering Works has submitted draft papers to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
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According to its Draft Red Herring Prospectus (DRHP) filed on July 5, 2025, the IPO will include a fresh issue of shares totaling INR 400 crore and an offer-for-sale (OFS) of 75 lakh shares by promoter Ashutosh Goel.
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The funds raised from the fresh issue are intended to fuel the company’s expansion initiatives, including investments in new manufacturing facilities.
