Allied Engineering Works IPO: Delhi -based corporate Allied Engineering Works has submitted draft papers to the Capital Marketplace Regulator SEBI for its IPO. It is going to have new stocks value Rs 400 crore. Additionally, the corporate’s promoter Ashutosh Goyal can have an be offering on the market of 75 lakh stocks. The corporate makes sensible power meters. It was once included in 1986. Its product portfolio comprises shopper sensible meter, distribution transformer, feeder and boundary sensible meter in addition to complicated automation and Web of Issues (IOT) answers.
It might probably elevate as much as Rs 80 crore ahead of IPO. If this occurs, the scale of the problem of recent stocks within the IPO will lower. Alide Engineering Works provided 29.2 lakh sensible power meters to Andhra Pradesh, Gujarat, Maharashtra, Haryana, Punjab and Uttar Pradesh through March 2025 to a software and 13 AMISPS (Complicated Metering Infrastructure Provider Supplier).
The corporate won orders for provide of 57.9 lakh sensible power meters of Rs 1853.6 crore through March 2025. Indexed competitions of Allied Engineering Works come with Genus Energy Infrastructure and HPL Electrical & Energy. Axis Capital and IIFL Capital Services and products, Service provider Bankers to take care of IPO.
use IPO cash
The corporate is making plans to arrange two production crops. One- for the manufacturing of sensible fuel meters, sensible water meters and IOT answers and another- instrument room, injection molding and putting in sensible energy meters. On this path, Rs 216.5 crore might be spent out of the cash to be won through freeing new stocks within the IPO. Aside from this, 120 crore rupees might be for long run running capital wishes. The remainder cash might be used for normal company functions.
Corporate’s monetary place
Earnings of Allied Engineering Works larger from 109.76 p.c compound to Rs 717 crore all over FY23-FY25. The benefit of one,074.4 p.c all over this era larger from an annual expansion price to Rs 140.26 crore.
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