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Arete 22 Files Draft Papers for Rs 440 Crore IPO to Boost Mobility Solutions
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News18•26-09-2026, 18:00
Arete 22 Files Draft Papers for Rs 440 Crore IPO to Boost Mobility Solutions
- •Arete 22 Ltd, a precision aluminium mobility solutions provider, has filed draft papers with Sebi for an Initial Public Offering (IPO) to raise Rs 440 crore.
- •The IPO is entirely a fresh issue of equity shares, with proceeds allocated for working capital, debt repayment, and purchasing new plant and machinery.
- •Arete 22 manufactures aluminium alloy wheels for motorcycles and scooters, and through its subsidiary Unicast Autotech, produces precision aluminium components for automotive OEMs.
- •The company operates two manufacturing facilities with an annual installed capacity of 60 lakh aluminium alloy wheels.
- •Arete 22 reported significant growth, with revenue rising to Rs 537.95 crore and profit after tax increasing to Rs 44.97 crore in fiscal 2026 from fiscal 2024.
Key Questions Answered
Arete 22 Ltd has filed draft papers with Sebi to mobilise Rs 440 crore through an initial public offering, which is entirely a fresh issue of equity shares.
Of the IPO proceeds, Rs 150 crore will fund working capital, Rs 120 crore will be used for debt repayment or prepayment, and Rs 34.82 crore will purchase plant and machinery for existing facilities, with the remainder allocated for general corporate purposes.
Arete 22 manufactures aluminium alloy wheels and precision aluminium high-pressure die-cast components for automotive OEMs, with its principal business being aluminium alloy wheels for motorcycles and scooters. It operates two manufacturing facilities in Bilaspur and Kolar with an aggregate annual capacity of 60 lakh wheels.
