Hyderabad, Feb 10 (.) Hyderabad-based Aarvee Engineering Consultants Limited, a technology-driven, multi-sector infrastructure consultancy firm, has received approval from the capital markets regulator Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO), according to an update filed with the regulator recently.
The proposed IPO comprises a fresh issue of equity shares worth ₹202.5 crore and an offer for sale (OFS) of up to 67.5 lakh equity shares by promoter Venkatachala Chakrapani Redla, as detailed in the draft red herring prospectus (DRHP).
The company plans to use the IPO proceeds to strengthen its balance sheet and accelerate technology-led growth.
Of the fresh issue: ₹76 crore will be utilised for repayment or prepayment of borrowings, improving leverage and financial flexibility; ₹21.9 crore will be invested in Indian subsidiary SRA OSS Pvt Ltd to scale up geospatial solutions and digital engineering capabilities and ₹34.8 crore and ₹20.8 crore will be infused into its Australian and UK subsidiaries respectively, underlining the company’s focus on international expansion and overseas revenue growth.
The remaining funds will be used for general corporate purposes.
Aarvee has built a diversified business model with marquee infrastructure assignments including the Amaravati Capital City Project, High Speed Rail (Bullet Train) Project, Dedicated Freight Corridor, and the OKHA–Beyt Dwarka cable-stayed bridge (Sudarshan Setu).
The company offers end-to-end consultancy services across the project lifecycle from feasibility studies and DPRs to design, project management consultancy (PMC), supervision, and operations & maintenance support.
As of June 30, 2025, Aarvee had executed over 2,750 projects across 20 countries, spanning Asia, Africa, Australia, and Europe, reflecting its growing global footprint.
In FY25, the company reported revenue from operations of ₹567 crore and a profit after tax (PAT) of ₹51 crore, signalling stable profitability amid a robust infrastructure pipeline.
The issue is being managed by Centrum Capital Limited and Ambit Private Limited, who are acting as the book-running lead managers.
. KNR CDS