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Learn about Aarvee Engineering Consultants Limited’s Draft Red Herring Prospectus (DRHP) Addendum 2, including updated disclosures, business operations, financial context, and revised utilisation of funds as outlined in public filings.
Aarvee Engineering Consultants Limited has filed Addendum 2 to its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) as part of its ongoing initial public offering (IPO) process. The addendum supplements earlier disclosures by providing updated information on financials, issue structure, and regulatory clarifications.
The DRHP and Addendum 2 provide an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
Aarvee Engineering Consultants Limited has filed its Draft Red Herring Prospectus with SEBI in September 2025, followed by Addendum 2 in January 2026, marking continued progress in the IPO regulatory process. The addendum provides further updated disclosures, clarifications, and material information updates, reflecting ongoing engagement with SEBI. The filing is currently under regulatory review, following which SEBI observations and approvals will determine the next stages, including the publication of the Red Herring Prospectus (RHP) and announcement of issue dates. Subject to regulatory clearances, the equity shares are proposed to be listed on recognised stock exchanges in India.
As per the DRHP and Addendum 2, the proposed IPO is expected to comprise the following components:
| Particulars | Details |
|---|---|
Issue Type |
Fresh Issue of Equity Shares along with Offer for Sale (OFS) |
Face Value |
₹10 per share |
Issue Size |
Fresh Issue approx ₹202.5 crore; OFS of ~67.5 lakh shares (figures to be finalised in RHP) |
Fresh Issue |
New equity shares issued by the company |
Offer for Sale |
Partial divestment by existing shareholders |
Proposed Listing |
NSE and BSE |
Price Band |
To be announced in RHP |
Book Running Lead Managers |
Centrum Capital Ltd and Ambit Private Ltd |
Registrar to the Issue |
KFin Technologies Ltd |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
Aarvee Engineering Consultants Limited operates primarily as an infrastructure engineering consultancy and project management services provider, offering advisory and technical services across transportation, urban infrastructure, water, power, and industrial sectors. The company’s core services include feasibility studies and detailed project reports, engineering design and drawings, project management consultancy (PMC), construction supervision, quality assurance, and technical advisory services throughout the project lifecycle.
The company has developed technical expertise in supporting complex infrastructure and industrial projects, including both greenfield and brownfield developments. Its operations are supported by in-house engineering design capabilities, experienced project management teams, domain specialists, and established quality, safety, and compliance frameworks. Aarvee Engineering’s business model is focused on delivering consultancy-led project execution support, fostering long-term client relationships, and participating in India’s expanding infrastructure development ecosystem.
According to the DRHP and Addendum 2, the proceeds from the fresh issue are proposed to be utilised towards the following broad objectives:
| Fund Allocation | Purpose |
|---|---|
Repayment and/or Pre-payment of Borrowings |
Reduction of existing debt obligations of the company |
Investment in Indian Subsidiary |
Investment in SRA OSS India Private Limited for business purposes including development of geospatial solutions |
Investment in Overseas Subsidiaries |
Investment in Aarvee Engineering Consultants Pty Ltd (Australia) and Aarvee Associates Limited (UK) to support business operations |
General Corporate Purposes |
Strategic, administrative and other general business requirements |
These objectives aim to strengthen operations, support project delivery, and enable scalable growth in infrastructure consultancy and project management services.
The DRHP and Addendum 2 provide an overview of Aarvee Engineering Consultants Limited’s financial performance, offering insight into its operational scale and financial position.
| Fiscal Year / Period | Revenue (₹ Cr) | EBITDA (₹ Cr) | Profit After Tax (PAT) (₹ Cr) |
|---|---|---|---|
FY24 |
517.00 |
72.75 |
42.21 |
FY25 |
567.13 |
94.43 |
51.60 |
H1 FY26 |
As per DRHP |
As per DRHP |
As per DRHP |
*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.
The table below summarises the current status of the IPO process based on publicly available information:
| Milestone / Stage | Date (or Status) | Details |
|---|---|---|
DRHP filed with SEBI |
September 2025 |
Draft Red Herring Prospectus filed for IPO initiation |
Addendum 1 filed |
January 2026 |
Updated disclosures and clarifications |
Addendum 2 filed |
January 2026 |
Further updated and material disclosures |
SEBI observations |
Awaited |
Under regulatory review |
SEBI approval |
Awaited |
Subject to review of DRHP and addenda |
Red Herring Prospectus (RHP) |
To be announced |
Post SEBI approval |
IPO Opening Date |
To be announced |
After RHP filing |
IPO Closing Date |
To be announced |
As per final offer document |
Allotment Date |
To be announced |
Post IPO closure |
Listing on NSE/BSE |
To be announced |
After allotment and listing formalities |
Note: Investors should refer to official filings for final IPO dates to learn more about Aarvee Engineering Consultants Limited IPO listing details and price, and listing timelines.
Check other upcoming ipo’s here : Upcoming IPO
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
Aarvee Engineering Consultants Limited filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India in January 2026, followed by Addendum 2 on 12 January 2026 to provide updated disclosures and regulatory clarifications.
The Aarvee Engineering Consultants Limited IPO is currently at the Draft Red Herring Prospectus and Addendum review stage, with observations and approval from the Securities and Exchange Board of India awaited before proceeding further.
The Aarvee Engineering Consultants Limited IPO is proposed to comprise a fresh issue of equity shares aggregating ₹202.5 Crores along with an offer for sale by existing shareholders, with final details in the Red Herring Prospectus.
Subject to regulatory approvals, Aarvee Engineering Consultants Limited equity shares are proposed to be listed on both the National Stock Exchange and the Bombay Stock Exchange.
Aarvee Engineering Consultants Limited intends to utilise IPO proceeds from the fresh issue for repaying borrowings, investing in subsidiaries for technology advancement, and general corporate purposes to support infrastructure consultancy expansion.
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