DRHP Link:https://www.bseindia.com/corporates/download/317677/IPO%20Prior/1AnnexureI_20260930140154.pdf

New Delhi-based Pioneer Fabricators Limited has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO) for Rs 190 crore.

The IPO, with a face value of Rs 10, is a fresh issue for up to Rs 190 crore.

The proceeds from its fresh issuance worth Rs 63 crore will be utilised for meeting working capital requirements, Rs 4.69 crore for the purchase of plant and machinery and civil construction for the existing manufacturing unit, Rs 58.6 crore for the purchase of plant and machinery and civil construction for the proposed manufacturing unit and general corporate purposes.

The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.

Corporate Professionals Capital Private Limited is the book-running lead managers, and Bigshare Services Private Limited is the registrar of the issue.

The equity shares are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.