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AITMC Ventures files IPO papers for a fresh issue of up to 3.5 crore shares

Inc42 reports the IPO has no offer-for-sale component, with proceeds planned for skills hubs, R&D and other projects.

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1 Source, 1h ago, first seen 1h ago

TLDR

Inc42 reports that drone and skills startup AITMC Ventures filed an updated draft prospectus with SEBI for an IPO comprising up to 3.5 crore new shares, with no offer-for-sale component. The company has earmarked ₹155.03 crore of net proceeds for projects including skills hubs, R&D labs and a proposed Haryana tech park, as well as debt repayment.

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Inc42@Inc42🚁 Dronetech startup AITMC Ventures has filed its UDRHP with SEBI for a fresh issue of up to 3.5 Cr shares. 👇 The IPO will have no OFS component, with the company planning to use the proceeds to expand its drone manufacturing, skill development and R&D infrastructure. AITMC has earmarked ₹155.03 Cr for specific purposes, including upgrading skill hubs across colleges and ITIs, setting up R&D labs at IIT Ropar and IIT Kanpur, developing a Future Tech Park in Haryana, and repaying debt. Founded in 2016, AITMC operates across drone training, manufacturing, R&D and drone-as-a-service. It reported ₹106.8 Cr in operating revenue and ₹13.4 Cr net profit in FY26. 🔗 AITMC Ventures is heading towards the public markets as it looks to expand its drone and skill development businesses. Read the full story here: https://4-2.co/3Ua5Q72 #AITMCVentures #Drones #DroneTech #IPO #News1h
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    Inc42@Inc42🚁 Dronetech startup AITMC Ventures has filed its UDRHP with SEBI for a fresh issue of up to 3.5 Cr shares. 👇 The IPO will have no OFS component, with the company planning to use the proceeds to expand its drone manufacturing, skill development and R&D infrastructure. AITMC has earmarked ₹155.03 Cr for specific purposes, including upgrading skill hubs across colleges and ITIs, setting up R&D labs at IIT Ropar and IIT Kanpur, developing a Future Tech Park in Haryana, and repaying debt. Founded in 2016, AITMC operates across drone training, manufacturing, R&D and drone-as-a-service. It reported ₹106.8 Cr in operating revenue and ₹13.4 Cr net profit in FY26. 🔗 AITMC Ventures is heading towards the public markets as it looks to expand its drone and skill development businesses. Read the full story here: https://4-2.co/3Ua5Q72 #AITMCVentures #Drones #DroneTech #IPO #News1h
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