Consumer appliances company Vardhman Appliances and infrastructure development firm Shreejikrupa Project have filed preliminary papers with markets regulator SEBI to raise funds through Initial Public Offerings. According to reports from Moneycontrol and Rediff Moneynews, Vardhman Appliances filed its Draft Red Herring Prospectus (DRHP) on Wednesday, while Shreejikrupa Project submitted its draft papers on Tuesday. Both companies are seeking to raise significant capital through their respective IPO structures for expansion, capex, working capital and debt repayment purposes.
As reported by Moneycontrol and Rediff Moneynews, Vardhman Appliances' proposed IPO comprises a fresh issue of equity shares aggregating up to ₹250 crore and an offer for sale (OFS) of up to 2.50 crore equity shares. Under the OFS, promoters and existing investor The Wealth Company Alternates Trust, India Inflection Opportunity Fund are proposing to sell shares. The company plans to utilise the net proceeds from the fresh issue for setting up a new project in Baghpat, Uttar Pradesh, and repayment or prepayment of certain outstanding borrowings. A portion of the proceeds will also be invested in its wholly owned subsidiary Lazer India for repayment of its outstanding borrowings and general corporate purposes. Vardhman Appliances is a vertically integrated electronics manufacturing services provider offering original equipment manufacturing and original design manufacturing solutions across fast-moving electrical goods, including fans, kitchen appliances, home comfort appliances and electrical components. It caters to leading national and international consumer appliance brands in the country.
According to Moneycontrol and Rediff Moneynews, Shreejikrupa Project's proposed IPO comprises a fresh issue of equity shares aggregating up to ₹410 crore and an OFS aggregating up to ₹90 crore by existing selling shareholders. The company proposes to utilise the net proceeds from the fresh issue towards funding capital expenditure requirements, including the purchase and installation of equipment and machinery and scaffolding, part-funding its incremental working capital requirements and general corporate purposes. Shreejikrupa undertakes diversified infrastructure development and construction activities across academic and healthcare infrastructure, residential and office buildings, infrastructure works and other specialised projects.
As reported by Moneycontrol and Rediff Moneynews, as of June 30, 2026, Shreejikrupa had a portfolio of 228 infrastructure projects spread across 11 states and two Union Territories, of which 127 projects had been completed and 101 were ongoing. The company's order book stood at ₹3,700.80 crore as of June 30, 2026. On the financial front, the company's revenue from operations stood at ₹1,385.68 crore in FY2026, while profit stood at ₹79.34 crore during the same period. Vardhman Appliances is a vertically integrated electronics manufacturing services provider offering original equipment manufacturing and original design manufacturing solutions across fast-moving electrical goods, including fans, kitchen appliances, home comfort appliances and electrical components.
