Hyderabad company Aarvee Engineering Consultants gets Sebi nod for IPO
The Hyderabad-based company, which provides design and supervision services for infrastructure projects, had filed its draft red herring prospectus (DRHP) with Sebi in September 2025 and received the regulator’s observations last week.As per the DRHP, the company plans to utilise the proceeds from the fresh issue for multiple purposes, including repayment or prepayment of outstanding borrowings worth Rs 76 crore.
The company also plans to invest Rs 21.9 crore in its Indian subsidiary SRA OSS Pvt Ltd to further develop geospatial solutions and digital engineering technologies.
It also plans additional investments in its overseas subsidiaries, including Rs 34.8 crore in Australian unit Aarvee Engineering Consultants Pty Ltd and Rs 20.8 crore in UK-based Aarvee Associates Limited.
The remaining funds are earmarked for general corporate purposes.Aarvee, which posted a profit after tax of Rs 51 crore on a revenue from operations of Rs 567 crore for financial year 2024-25, has worked on projects such as the Amaravati capital city project, the high speed rail initiative, the dedicated freight rail corridor and the OKHA-Beyt Dwarka cable stayed bridge.
As of June 30, 2025, it had executed over 2,750 projects in 20 countries.
