Allied Engineering Works submits IPO papers to SEBI; eyes Rs 400 crore via fresh issues

Allied Engineering Works has filed for an IPO of Rs 400 crore, including fresh shares and an offer-for-sale of 75 lakh shares. The company intends to use the funds for expansion, including manufacturing facilities for smart energy meters, and for working capital and general purposes. They have already supplied 2.92 million smart meters to utilities […]