Oilfield services firm Shivganga Drillers files ₹400 Cr IPO draft with SEBI

• Shivganga Drillers filed draft papers with SEBI for a ₹400 crore IPO.
• The IPO will consist entirely of fresh shares, with no Offer For Sale, meaning proceeds go directly to the company.
• Funds raised will be used for plant and machinery acquisition, debt repayment, and general corporate purposes.
• Shivganga Drillers is an integrated oilfield services company providing onshore drilling, offshore O&M, and project management to Indian upstream operators.
• The company's FY25 profit more than doubled to ₹62.3 crore, and revenue increased 84% to ₹354.4 crore.

Why It Matters: Shivganga Drillers' IPO offers a new investment opportunity in oilfield services.