Allied Engineering Works IPO – Powering India’s Smart Meter Revolution
Allied Engineering Works, a leading smart meter and utility solutions provider in India, has taken a major step toward expanding its footprint by filing Draft Red Herring Prospectus (DRHP) with market regulator SEBI for an initial public offering (IPO).
📈 IPO Overview
The proposed IPO consists of:
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A fresh issue of shares worth ₹400 crore, aimed at raising growth capital.
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An offer for sale (OFS) of 75 lakh equity shares by the company’s promoter, Ashutosh Goel.
