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Economic Times
Sagar Defence Engineering is reportedly exploring an Initial Public Offering (IPO) valued between 2,000-3,000 crore.
Sagar Defence Engineering is reportedly exploring an Initial Public Offering (IPO) valued between ₹2,000-3,000 crore. The company, which designs autonomous and unmanned systems, is in the early stages of evaluation, with plans potentially firming up in 6-8 months. The proposed issue is expected to include both fresh issuance and an offer for sale.
The proposed issue is likely to be a combination of a fresh issue and an offer for sale. The company has appointed DAM Capital Advisors as the book-running lead manager for the issue.
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