Stories
Vardhman Appliances, Shreejikrupa Project File IPO Papers with Sebi
- •Vardhman Appliances Ltd and Shreejikrupa Project Ltd have filed preliminary papers with Sebi for Initial Public Offerings (IPOs).
- •Vardhman Appliances' IPO includes a fresh issue of up to Rs 250 crore and an Offer For Sale (OFS) of up to 2.50 crore equity shares.
- •Proceeds from Vardhman Appliances' fresh issue will fund a new project in Baghpat, Uttar Pradesh, and repay outstanding borrowings, including for its subsidiary Lazer India.
- •Shreejikrupa Project's IPO comprises a fresh issue of up to Rs 410 crore and an OFS of up to Rs 90 crore.
- •Shreejikrupa Project plans to use fresh issue proceeds for capital expenditure, working capital, and general corporate purposes, with an order book of Rs 3,700.80 crore as of June 30, 2026.
Key Questions Answered
Vardhman Appliances' proposed initial public offering includes a fresh issue of equity shares aggregating up to Rs 250 crore and an Offer For Sale (OFS) of up to 2.50 crore equity shares.
The company intends to use the net proceeds from the fresh issue to set up a new project in Baghpat, Uttar Pradesh, and to repay or prepay certain outstanding borrowings. A portion will also be invested in its wholly owned subsidiary, Lazer India, for debt repayment and general corporate purposes.
Shreejikrupa Project's proposed IPO consists of a fresh issue of equity shares worth up to Rs 410 crore and an OFS of up to Rs 90 crore. For FY2026, the infrastructure firm reported operating revenue of Rs 1,385.68 crore and a profit of Rs 79.34 crore, with an order book standing at Rs 3,700.80 crore as of June 30, 2026.
