AITMC’s IPO filing outlines drone and training expansion plans
Article image: Inc42AITMC Ventures operates drone manufacturing, pilot training, vocational education and early drone-as-a-service activities. Inc42 reports an updated draft IPO filing for up to 3.5 crore new shares and planned spending on training hubs, research labs, a technology park and debt repayment. The proposed issue is not completed funding, and final allocations depend in part on pricing.
DTT summary based on Inc42's report. The full article is on the publisher's site.
Round details
Operates drone manufacturing and assembly, pilot training, vocational education and a pilot drone-service business.
- Fresh issue of up to 3.5 Cr shares; no offer for sale. Issue is not completed.
- Earlier board approval referenced ₹200 Cr; final amount depends on pricing.
- ₹155.03 Cr earmarked for hubs, R&D, technology park and debt repayment.
- Proposed IPO: 3.5 Cr shares
- Use of funds: The startup has earmarked ₹155.03 Cr of the net proceeds for five specified purposes, with deployment scheduled for FY27