Allied Engineering Works Limited Announces IPO
Allied Engineering Works IPO has announced its Draft Red Herring Prospectus (DRHP) for an upcoming Initial Public Offering (IPO). This IPO is a Fresh Issue and Offer for Sale, aiming to raise 400.00 crores.
Company Overview
Allied Engineering Works IPO is a technology-driven solutions provider focused on smart metering infrastructure and enhancing utility distribution efficiency in India. AEW manufactures a comprehensive range of smart energy meters and automation/IoT solutions, positioning itself as a one-stop shop for smart energy metering needs.
As of March 31, 2025, AEW ranks among the top five energy meter solutions providers in India. The company has supplied 2.92 million smart energy meters, including 0.26 million DT meters.
Key Achievements
AEW has demonstrated significant growth, achieving a CAGR of 109.76% from Fiscal 2023 to Fiscal 2025. Key financial parameters for FY25 include a revenue from operations of 717.11 crore. The EBITDA margin stands at 28.87%, and the PAT margin is 19.56%. ROCE is reported at 71.47%, and ROE at 65.69%.
Financial Overview ( in Crores)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 548.98 | 269.18 | 148.23 |
| Revenue | |||
| Profit After Tax | |||
| Net Worth | 213.52 | 73.25 | 25.79 |
| Reserves and Surplus | 158.52 | 67.75 | 20.29 |
| Total Borrowing | 66.91 | 28.14 | 30.40 |
Offer for Sale and IPO Structure
The IPO includes a fresh issue of equity shares aggregating up to 40 crore and an Offer for Sale (OFS) of up to 75,00,000 equity shares. Ashutosh Goel is the OFS shareholder.
The allocation of shares is as follows:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
The shares are proposed to be listed on both the BSE and NSE.
Lead Managers and Registrar
The lead managers for the IPO are Axis Capital Limited and IIFL Capital Services Limited. KFin Technologies Limited is the registrar for the IPO.
Conclusion
Allied Engineering Works IPO presents an exciting opportunity for investors. Stay tuned for updates on the IPO dates and further details to make an informed investment decision.