4 companies file papers for IPOs worth over Rs 3,500 crore; Aditya Infotech, Varindera Constructions on the list

It's raining initial public offers (IPOs) once again on Dalal Street. With many market participants having already chased a number of IPOs and many even booked stunning listing gains, four more companies have filed their papers with capital market regulator Securities and Exchange Board of India (SEBI) for their IPO proposals amounting to as much as Rs 3,470 crore. The four companies hail from a diverse set of business areas including railway civil engineering, engineering, procurement and construction (EPC) activities, speciality steel pipes, and security surveillance systems. All four IPOs are proposed to be combinations of fresh issuance as well as offers for sale (OFS), according to the papers.   

Here are important details to know about the four companies looking to tap the IPO route for capital: 

Aditya Infotech IPO 

Aditya Infotech's proposed share sale comprises fresh issuance of Rs 500 crore and an OFS of Rs 800 crore by promoters.

The company offers a range of advanced video security and surveillance products, technologies, and solutions for enterprise and consumer segments under its brand CP PLUS.

Varindera Constructions IPO

EPC company Varindera Constructions' proposed IPO comprises fresh issuance worth Rs 900 crore and an OFS of Rs 300 crore by promoters.

Sambhv Steel Tubes IPO

Sambhv Steel Tubes plans to launch a public offer amounting to Rs 550 crore, comprising fresh issuance to the tune of Rs 440 crore.

The company is a manufacturer of electric resistance welded steel pipes and structural tubes.

Rahee Infratech IPO

Kolkata-headquartered Rahee Infratech, an integrated railway civil engineering, manufacturing, and construction firm, plans to raise funds through fresh issuance worth Rs 420 crore, and an offer for sale (OFS) of 27.8 lakh equity shares by its promoters.

With inputs from PTI

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