Allied engineering operates files to IOP paperwork; intends to raise Rs 400 CR Via fresh issue
The Smart Energy Merter Managfacturer Allied Engineering Works files preliminary roles with SEBI market funds in an initial public offer (IPO). The suggested IPO is a combination of fresh release of parts that cost Rs 400 crore, and the redeeming red herring prospectus (DRHP) submitted Saturday. Proceeds from fresh issue will be used for financial…