Aarvee Engineering Consultants, an infrastructure consultancy company, has filed its draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise funds through an initial public offering (IPO).
According to the DRHP, the proposed IPO of the Hyderabad based company will be a combination of a fresh issue of equity shares aggregating up to ₹202.5 crore and an offer for sale (OFS) of up to 67.5 lakh equity shares by Venkatachala Chakrapani Redla, promoter selling shareholder. The Promoters of the company are Venkatachala Chakrapani Redla and Sneha Redla.
In FY25, the company reported revenue from operations of ₹567 crores with profit after tax (PAT) of ₹51 crore.