Key facts
- Sagar Defence Engineering is exploring a potential Initial Public Offering (IPO).
- The proposed IPO is valued between Rs 2,000 crore and Rs 3,000 crore.
- The company designs autonomous and unmanned systems.
- The company is in the early stages of evaluating the public listing.
- A decision on the IPO is expected in 6-8 months.
Sagar Defence Engineering, a company focused on the design of autonomous and unmanned systems, is reportedly considering a public listing. The potential Initial Public Offering (IPO) is estimated to be valued between Rs 2,000 crore and Rs 3,000 crore. The company is currently in the preliminary stages of evaluating this possibility, with a more concrete decision anticipated within the next six to eight months. The planned offering is expected to comprise both a fresh issuance of shares and an offer for sale component.