SSSMehta Industries files DRHP for IPO on NSE Emerge

SSSMehta Industries Limited, a diversified manufacturer of engineering and sheet metal products, has filed its Draft Red Herring Prospectus (DRHP) with the NSE Emerge platform of the National Stock Exchange of India Limited. The company proposes an Initial Public Offering (IPO) of up to 3,100,000 equity shares, consisting entirely of a fresh issue.

The company intends to use the proceeds from the IPO for several purposes: approximately ₹1,340.00 lakhs for capital expenditure to establish two new manufacturing facilities in Adityapur, Jamshedpur; up to ₹400.00 lakhs for the repayment of certain borrowings; and up to ₹420.00 lakhs for working capital requirements and general corporate purposes.

Based in Jamshedpur, SSSMehta Industries produces components for the automotive, renewable energy, agricultural, construction, and mining sectors. The company operates three manufacturing facilities in the Adityapur Industrial Area and reported that 95.70% of its FY2026 revenue was generated from repeat customers.