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Learn about Shivganga Drillers Limited’s Draft Red Herring Prospectus filing, business operations, financial context, and the proposed utilisation of funds as outlined in public disclosures.
Shivganga Drillers Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) as part of its plan to raise capital through an initial public offering. The DRHP outlines the company’s business profile, operational capabilities, financial performance, and the broad structure of the proposed public issue.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
Shivganga Drillers Limited has submitted its Draft Red Herring Prospectus to SEBI, marking the formal initiation of its IPO process. The filing is currently under regulatory review. SEBI observations, once received, will determine the subsequent steps, including the filing of the Red Herring Prospectus (RHP) and the announcement of issue dates.
The equity shares are proposed to be listed on recognised stock exchanges in India, subject to applicable regulatory approvals.
As disclosed in the DRHP, the proposed IPO is expected to comprise the following components:
| Particulars | Details |
|---|---|
Issue Type |
Fresh Issue of Equity Shares |
Face Value |
As disclosed in DRHP |
Issue Size |
As per DRHP disclosures |
Offer for Sale (OFS) |
Nil |
Proposed Listing |
Recognised stock exchanges in India |
Price Band |
To be announced in RHP |
Book Running Lead Manager |
As disclosed in DRHP |
Registrar to the Issue |
As disclosed in DRHP |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
Shivganga Drillers Limited operates in the oilfield services segment, engaged in onshore and offshore drilling and related activities. The company provides specialised drilling solutions for upstream oil and gas operations projects worldwide.
Its operations include planning, execution, and completion of drilling projects across geological conditions worldwide. The company caters to energy producers, national oil companies, and sector operators, supporting projects that require technical expertise and execution capability in drilling environments.
The business model focuses on operational efficiency, equipment utilisation, experienced personnel, and adherence to safety and environmental standards applicable to the sector.
According to the DRHP, the proceeds from the IPO are proposed to be utilised towards the following broad objectives:
| Fund Allocation | Purpose |
|---|---|
Working Capital Requirements |
Funding day-to-day operational needs |
Capital Expenditure |
Purchase of equipment and machinery |
General Corporate Purposes |
Administrative and business requirements |
These objectives are intended to support business expansion, improve operational capacity, and strengthen the company’s financial position.
The DRHP provides an overview of Shivganga Drillers Limited’s financial performance over recent years, offering insight into its operating scale and profitability trends.
| Fiscal Year / Period | Revenue from Operations (₹ crore) | Profit / (Loss) After Tax (₹ crore) | Net Worth (₹ crore) |
|---|---|---|---|
FY23 |
As disclosed in DRHP |
As disclosed in DRHP |
As disclosed in DRHP |
FY24 |
As disclosed in DRHP |
As disclosed in DRHP |
As disclosed in DRHP |
FY25 |
As disclosed in DRHP |
As disclosed in DRHP |
As disclosed in 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 |
Filed |
Draft Red Herring Prospectus submitted for regulatory review |
SEBI observations |
Awaited |
Subject to regulatory review |
Red Herring Prospectus (RHP) |
To be announced |
Post SEBI observations |
IPO Bidding / Opening Date |
To be announced |
Final dates awaited |
IPO Closing Date |
To be announced |
As per RHP |
Allotment Date |
To be announced |
Post issue closure |
Credit to DEMAT Accounts |
To be announced |
After allotment |
Listing on Exchange |
To be announced |
Subject to approvals |
Note: Investors should refer to official filings for final IPO dates to learn more about Shivganga Drillers IPO listing details and price, and listing timelines.
Keep yourself updated : Check 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
Shivganga Drillers Limited has filed its Draft Red Herring Prospectus with SEBI as part of its proposed IPO. The exact filing date is mentioned in the DRHP.
The IPO is currently at the DRHP review stage. SEBI observations are awaited.
The IPO consists of a fresh issue of equity shares, with no offer for sale component, as disclosed in the DRHP.
Subject to regulatory approvals, the equity shares are proposed to be listed on recognised stock exchanges in India.
Shivganga Drillers Limited focuses on drilling and related services for water, irrigation, and infrastructure projects across multiple regions.
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