Abtak Logo

gas-meter News

Stay updated with the latest gas-meter news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on gas-meter topics.

Free Press Journal - Business - News Image
soure image
27
BusinessJul 06, 2025 10:39 AM

Allied Engineering Files For ₹400 Cr IPO, To Fund Smart Meter Manufacturing Expansion

New Delhi: Allied Engineering Works, a leading smart energy meter manufacturer, has filed draft papers with SEBI to raise funds through an Initial Public Offering (IPO). The offering includes a fresh issue of shares worth Rs 400 crore and an Offer for Sale (OFS) of 75 lakh equity shares by promoter Ashutosh Goel, according to the Draft Red Herring Prospectus (DRHP) filed on Saturday. Use of IPO Proceeds The company plans to use the IPO proceeds mainly to expand its production infrastructure. A ...Read More >

Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.