Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Aarvee Engineering Consultants Ltd. on February 4, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Aarvee Engineering Consultants Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹250.00 crores and an offer for sale (OFS) of upto 0.68 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Centrum Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Aarvee Engineering Consultants IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹250 Cr) |
| Offer for Sale | 67,50,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 4,30,94,812 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Sep 25, 2025 |
| SEBI/Exchange approval received | Wed, Feb 4, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2005, Aarvee Engineering Consultants Limited is a technology-driven, multi-sectoral, multi-disciplinary infrastructure consultancy company with a global presence.
The company provides design and supervision services across the entire project lifecycle, including feasibility studies, detailed project reports (DPR), pre-bid services, detailed design, project management consultancy (PMC), supervision of operations and maintenance, third-party inspection, and lenders engineering services.
Aarvee serves both public and private sector clients, including government entities such as NHAI, MoRTH, Dedicated Freight Corridor Corporation of India Limited, Chennai Metro Rail Limited, Indian Railways zones, and various state development corporations, as well as private clients like Tata Projects Limited, JSW Hydro Energy Limited, Greenko Energies Private Limited, and Megha Engineering & Infrastructures Limited.
The company has executed over 2,750 projects globally across 20 countries in Asia, Africa, Australia, and Europe. It has undertaken 98 overseas projects in Fiscal 2025, 2024, and 2023, often in collaboration with local partners and funded by international and multilateral agencies. Prominent international clients include Abia State Rural Access and Agricultural Marketing Project (RAAMP), Administracao Nacional De Estrada (ANE), FIPAG, Bangladesh Railways, Bowen Rail Company Pty Ltd., BCI Minerals Limited, Hcomm Rail Ltd, Kenya National Highways Authority, and Tanzania National Roads Agency.
Aarvee operates through 3 Indian subsidiaries, including Hyve Global Engineering Private Limited, and 2 international subsidiaries: Aarvee Engineering Consultants Pty. Ltd. in Australia and Aarvee Associates Limited in the UK.
As of June 30, 2025, the company had 3,505 employees, of whom 2,623 (74.83%) possess engineering expertise.
Aarvee Engineering Consultants Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 26% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 430.57 | 353.46 | 339.46 |
| Total Income | 574.31 | 521.30 | 441.15 |
| Profit After Tax | 51.60 | 40.86 | 18.08 |
| NET Worth | 238.38 | 190.17 | 147.96 |
| Total Borrowing | 56.56 | 36.58 | 53.99 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/ or pre-payment, in full or in part, of certain outstanding borrowings availed by the Company | 76.00 |
| 2 | Investment in SRA OSS | 21.97 |
| 3 | Investment in Overseas Subsidiaries: Investment in Aarvee Engineering Consultants Pty Ltd | 34.81 |
| 4 | Investment in Aarvee Associates Limited | 20.88 |
| 5 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 24.08% |
| ROCE | 34.54% |
| Debt/Equity | 0.24 |
| RoNW | 24.08% |
| PAT Margin | 8.98% |
| EBITDA Margin | 16.65% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.97 | |
| Promoter Holding | 95.33% |
Lead Manager Reports
Aarvee Engineering Consultants IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Aarvee Engineering Consultants IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Aarvee Engineering Consultants IPO using UPI as a payment gateway. Zerodha customers can apply in Aarvee Engineering Consultants IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aarvee Engineering Consultants IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aarvee Engineering Consultants IPO dates are not announced. Please check back again after some time.
Aarvee Engineering Consultants IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Aarvee Engineering Consultants IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aarvee Engineering Consultants IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Aarvee Engineering Consultants IPO allotment status.
The Aarvee Engineering Consultants IPO listing date is not yet announced. The tentative date of listing is .
