365Telugu.com online news, January 22nd,2025: Vinir Engineering Limited, a leading integrated engineering solutions company specializing in the manufacturing of critical, heavy, precision-forged, and machined components, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its upcoming Initial Public Offering (IPO).

The IPO consists of an offer for sale of up to 53,300,000 equity shares with a face value of ₹2 each. The offer for sale is being made by Nitesh Gupta (Promoter Selling Shareholder).

Vinir Engineering Ltd manufactures specialized components for a wide range of industries, including energy, defence, aerospace, railways, energy turbines, hydraulics, earthmoving, and high-end engineering sectors.

These components play a crucial role in various applications such as armored vehicles, armaments, ammunition, combat equipment, military hardware, oil & gas systems, cryogenics systems, aircraft propulsion, power turbines, gas turbines, railway locomotives, braking systems, nuclear energy infrastructure, heavy-duty excavation machinery, wind turbine generators, and more.

The company specializes in producing critical and heavy precision-forged and machined components using materials such as alloy steel, titanium, hastelloy, carbon steel, stainless steel, duplex steel, special steels, inconel, monel, and aluminum. Components are produced in weights ranging from 20 kg to 6,000 kg.

The company has a total installed capacity of 38,000 MTPA across three manufacturing units. Unit I is located in Bangalore, Karnataka, while Units II and III are located in Hosur and Kalukondanapalli, Tamil Nadu. These units span a total area of 38,160 square meters.

The company serves a diverse customer base across sectors such as energy, defence, aerospace, railways, energy turbines, hydraulics, and more. Vinir Engineering’s customers are spread across India and globally, in regions such as the United States, Mexico, Spain, Malaysia, UAE, Saudi Arabia, Tunisia, and Canada.

In the past three fiscal years and six months ending September 30, 2024, the company has served over 150 unique customers, with 39 new customers added during this period.

The demand for precision-forged and machined components is driven by economic growth, infrastructure investment, and a focus on sectors like aerospace and defence worldwide. The global non-automotive forging market was valued at USD 33.16 billion in 2023, expected to grow to USD 54.54 billion by 2030 at a CAGR of 7.4%.

Similarly, the global non-automotive precision-machined forging market is valued at USD 23.88 billion in 2023, projected to grow to USD 37.11 billion by 2030 at a CAGR of 6.5%.

The Indian non-automotive precision-machined forging market was valued at INR 13,117 crores in FY 2024 and is estimated to grow to INR 20,814 crores by 2030 at a CAGR of 8%.

This growth is driven by sectors such as energy (oil and gas), aerospace, defence, earthmoving, and railways, creating a favorable market environment for companies like Vinir Engineering Limited.

Pantomath Capital Advisors Private Limited is acting as the Book Running Lead Manager to the issue, and KFIN Technologies Limited is the Registrar to the offer.