Telangana-based engineering solutions provider Ardee Engineering has mobilised over Rs 15 crore in the second pre-IPO round earlier this week at a valuation of Rs 2,200 crore.

"....has undertaken a second tranche of a pre-IPO placement of 3.53 lakh shares at an issue price of Rs 425 per share for Rs 15.007 crore by way of private placement," Ardee in its notice to investors on November 12 said.

The Board and shareholders have approved the second pre-IPO placement on November 3 and 5, respectively, followed by the signing of share subscription agreements on November 5 with Delta Innovative Research LLP and Century Flour Mills.

The company that provides pre-engineered buildings (PEB), material handling systems (MHS) and engineering services has allotted 3.06 lakh shares (0.76 percent of p

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