Ardee Engineering gets SEBI approval to raise Rs 580 crore via IPO, including Rs 500 crore fresh issue and Rs 80 crore promoter offer. Proceeds will fund new manufacturing units, debt repayment, and corporate purposes. The company, serving multiple sectors, reported FY24 revenue of Rs 620 crore and PAT of Rs 29 crore.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets