Archive · 13 Dec 2025
Shivganga Drillers Files Rs 400 Crore IPO
Shivganga Drillers is a company that helps with oil and gas exploration.
They have decided to go public and raise Rs 400 crore through an IPO.
This money will be used to buy new equipment, pay off debts, and for other company needs.
They might also raise an additional Rs 80 crore through a pre-IPO placement.
The company offers various services like drilling, maintenance, and project management.
They focus on doing things efficiently and cost-effectively.
Aryaman Financial Services is helping them with this process.
Shivganga Drillers files DRHP for Rs 400 crore IPO, a fresh issue of shares with no OFS component.
Proceeds to be used for purchasing plant and machinery, debt repayment, and general corporate purposes.
Company may raise up to Rs 80 crore through pre-IPO placement, adjusting the fresh issue size accordingly.
Shivganga Drillers offers onshore drilling, offshore O&M, equipment rental, and project management services.
Aryaman Financial Services appointed as the book-running lead manager for the IPO.
- Who
- Shivganga Drillers, an integrated oilfield services company
- What
- Filed DRHP for Rs 400 crore IPO
- When
- Date not specified in the article
- Where
- India
- Why
- To raise funds for purchasing plant and machinery, paying debt, and general corporate purposes
- Company
- Shivganga Drillers
- IPO Size
- Rs 400 crore
- IPO Type
- Fresh issue of shares
- Pre-IPO Placement
- Up to Rs 80 crore
- Lead Manager
- Aryaman Financial Services
- Business Focus
- Onshore drilling, offshore O&M, equipment rental, project management
- Operating Model
- Execution efficiency, cost control, measurable outcomes for E&P companies