Allied Engineering Works IPO – Powering India’s Smart Meter Revolution

Allied Engineering Works, a leading smart meter and utility solutions provider in India, has taken a major step toward expanding its footprint by filing Draft Red Herring Prospectus (DRHP) with market regulator SEBI for an initial public offering (IPO).

📈 IPO Overview

The proposed IPO consists of:

A fresh issue of shares worth ₹400 crore, aimed at raising growth capital.
An offer for sale (OFS) of 75 lakh equity shares by the company’s promoter, Ashutosh Goel.