Aarvee Engineering, Deon Energy File DRHPS with SEBI to increase RS 202 Crore and RS 150 Crore through a new problem

Hyderabad headquarters Aarvee Engineering Consultants and Deon Energy, based in Ahmedabad, have submitted Draft Red Herring Prospectus (DRHP) to Securities and Exchange Board of India (SEBI) to launch its initial public offer (IPO). While Aarvee is planning to increase RS 202.5 Crore by the number of Vers Kapitaal, Deon will issue fresh shares worth RS 150 Crore.

AIRVEE ENGINEING CONSULTANTS IPO

The IPO will also have an offer for sale (OFS) component where a maximum of 67.50 Lakh shares shares will be discharged by the promoter who sells share wooden catachala chakrapani redla ,. The company’s promoters are Venkatachala Chakrapani Redla and Sneha Redla.

Aarvee proposes to use the net yields of the new issue for reimbursement / pre -payment of loans worth RS 76 Crores. RS 21.9 Crores will be used of the total proceeds for investments in the Indian subsidiary SRA OSS PVT Ltd. For further development of geospatial solutions and technologies for digital engineering. Investments in foreign subsidiaries will be made through the proceeds – RS 34.8 Crore in the Australian subsidiary Aarvee Engineering Consultants PTY LTD and RS 20.8 Crores in the British subsidiary Aarvee Associates Limited. The remaining amount will be used for general business purposes.

Aarvee is busy providing design and supervision-related services with a portfolio that includes the entire ProjectLiFecycle, such as feasibility studies, detailed project traps (DPR), pre-bid services, detailed design services, project management advice agency (PMC), monitoring of the engineering of the thirds.

The company successfully claims to have undertaken more than 2,750 projects, worldwide over several sectors, in 20 countries in Asia, Africa, Australia and Europe on June 30, 2025.

Center Capital Limited and Ambit Private Limited are the Book Running Lead Managers (BRLMS) for the offer.

Read also: Parijat Industries Files DRHP with SEBI for RS 160 crore IPO

Deon Energy IPO

The offer also includes a subscription reservation by eligible employees, and a discount will be offered to eligible, which offer in the employee reservation section.

The offer is made through the book construction process where no more than 75% of the net range is assigned to qualified institutional buyers, and no more than 15% and 10% of the net offer is assigned to non-institutional bidders and individual individual bidders respectively.

The company was founded in 2020 and is aimed at supplying end-to-end solutions for renewable energy, including engineering, purchasing and construction (EPC) of solar energy projects on fairs, with an emphasis on serving customers in the commercial and industrial sectors. The company carries out independent Solar EPC projects for its customers.

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