Sabari Constructions Technologies files DRHP for NSE Emerge IPO

Sabari Constructions Technologies Limited, an integrated engineering, procurement, and construction (EPC) company based in Coimbatore, has filed its Draft Red Herring Prospectus (DRHP) with the NSE Emerge platform of the National Stock Exchange of India Limited.

The proposed Initial Public Offering (IPO) will consist of a fresh issue of up to 6,300,000 equity shares with a face value of ₹10 each, and will not include an offer for sale component. The company intends to use the proceeds to fund working capital requirements of up to ₹16,004.64 lakhs and for general corporate purposes.

Established originally in 1998, the company provides turnkey contracting services across various sectors, including healthcare, hospitality, residential, educational, railways, and industrial infrastructure. Its client base includes government departments, metro rail corporations, and private sector organizations.