Allied Engineering Files ?400 Cr IPO to Fund Smart Meter Manufacturing Expansion

06 Aug 2025

Allied Engineering Works, a prominent manufacturer in the smart energy metering sector, has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). As per the Draft Red Herring Prospectus (DRHP) filed on Saturday, the IPO will consist of a fresh issue of shares worth Rs. 400 crore, along with an Offer for Sale (OFS) of 75 lakh equity shares by promoter Ashutosh Goel.

The company plans to utilize the funds raised through the IPO to strengthen and expand its manufacturing capabilities. A significant portion—Rs. 116.75 crore—will be used to develop and scale production of smart gas meters, smart water meters, and IoT-based solutions at its Kundli facility. Additionally, Rs. 99.71 crore will go towards enhancing the production capacity of smart electricity meters at the company’s Rai facility. With this strategic expansion, Allied Engineering Works aims to support the growing demand for advanced metering infrastructure and contribute to India’s digital and energy-efficient transformation in the utility sector. 

About AEW

Allied Engineering Works (AEW) is a technologydriven solutions provider at the forefront of modernizing utility infrastructure. We specialize in smart metering and advanced automation systems, delivering innovative solutions that enhance the efficiency, reliability, and intelligence of utility distribution networks. With fully integrated manufacturing operations and robust in-house design capabilities, we offer a comprehensive portfolio of smart meters, IoTenabled devices, and automation solutions. This end-to-end capability positions AEW as a trusted, one-stop partner for utilities seeking to build smarter, more connected energy ecosystems.

Reference: http://www.chittorgarh.com/ipo_ news/allied-engineering-works-ipo/2519/