Hyderabad headquartered Aarvee Engineering Consultants Limited, a technology-driven, multi-sectoral, multi-disciplinary, infrastructure consultancy company having worked on marquee projects such as the Amaravati Capital City Project, High Speed Rail Project (Bullet Train Initiative), Dedicated Freight Rail Corridor and OKHA-Beyt Dwarka cable stayed bridge (Sudarshan Setu) 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 is a combination of a fresh issue of equity shares aggregating up to Rs. 202.5 crore and an offer for sale (OFS) of up to 67.5 lakh by Venkatachala Chakrapani Redla, Promoter Selling Shareholder. The Promoters of the company are Venkatachala Chakrapani Redla and Sneha Redla.
Aarvee proposes to utilize the Net Proceeds of the Fresh Issue towards repayment and/ or pre-payment of certain outstanding borrowings worth Rs. 76 crores, Rs. 21.9 crores towards investment in Indian subsidiary SRA OSS Pvt Ltd. for further developing geospatial solutions and digital engineering technologies, investment in overseas subsidiaries – Rs. 34.8 crores in Australian subsidiary Aarvee Engineering Consultants Pty Ltd and Rs. 20.8 croresin UK subsidiary Aarvee Associates Limited, and the remaining amount for general corporate purposes.
Aarvee’s clients comprise government entities such as National Highway Authority of India (NHAI), Ministry of Road Transport and Highways (MoRTH), Dedicated Freight Corridor Corporation of India Limited, Chennai Metro Rail Limited, various zones of the Indian Railways, New & Renewable Energy Development Corporation of AP Limited, Amaravati Development Corporation Limited, Madhya Pradesh Road Development Corporation Limited, Maharashtra State Road Development Corporation Limited (MSRDCL),and Rail Vikas Nigam Limited (RVNL) and private sector clients include Tata Projects Limited, JSW Hydro Energy Limited, JSW Neo Energy Limited, JSW Energy (Barmer) Limited, Greenko Energies Private Limited and Megha Engineering & Infrastructures Limited.
In FY25, the company reported revenue from operations of Rs. 567 crores with profit after tax (PAT) of Rs. 51 crores.
Centrum Capital Limited and Ambit Private Limitedare the book running lead managers (BRLMs) to the offer.