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Aarvee Engineering Consultants IPO Updates – DRHP Addendum 2

Geetanjali Lachke

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.

Aarvee Engineering Consultants IPO Filing (DRHP & Addendum 2)

The DRHP and Addendum 2 provide an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.

Filing Overview

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.

Issue Structure

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.

About the Company

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.

IPO Objectives

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.

Financial Highlights

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.

Key Financial Metrics (as disclosed in DRHP & Addendum 2)

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.

Aarvee Engineering IPO Timeline Summary

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

Disclaimer

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 

FAQs

When did Aarvee Engineering Consultants Limited file its DRHP and Addendum 2?

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.​

What stage is the IPO currently at?

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.​

What is the proposed structure of the IPO?

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.​

Where are the shares proposed to be listed?

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.

What are the key objectives of the IPO?

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.​

Hi! I’m Geetanjali Lachke
Financial Content Specialist

Geetanjali is an emerging content writer with a passion for writing and marketing. She focuses on crafting clear, engaging blog posts and articles that simplify complex topics, particularly in finance and business. Geetanjali is dedicated to delivering insightful content that helps readers understand and navigate critical concepts, empowering them to make informed decisions and stay ahead in the ever-evolving landscape of finance and business.

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