First let us tell you about Varindera Constructions Limited. What does this company do? As the name of the company is Varindera Constructions Limited (VCL), so is the work of the company. The company is into engineering, procurement and construction projects. In simple words, the company does all the work related to the project itself like engineering, procurement and construction. Apart from this, the company is also into residential and industrial projects.

Varindera Constructions Limited (VCL) IPO -  The company has submitted papers to SEBI. Varindera Constructions is going to raise Rs 1,200 crore through IPO.

Draft papers filed on Monday showed that shares worth Rs 900 crore will be sold under the proposed IPO. Shares worth Rs 300 crore will be sold by the promoters through OFS. Varinder Kumar Garg and Sushma Garg will sell shares worth Rs 201 crore and Rs 99 crore under OFS. The company will use this amount to buy new equipment and as working capital. Apart from this, the company will also repay the loan with some amount. A look at the company's finances shows that in the last 10 financial years (ending March 31, 2024), the company has completed 31 projects worth about Rs 5,300 crore. As of March 2024, it has 20 ongoing projects in India and abroad, with an order book of Rs 3,845 crore. ICICI Securities, IIFL Securities and Equirus Capital are the book-running lead managers for the issue. Rahee Infratech IPO- Rahee Infratech has filed IPO documents with SEBI. The company plans to raise Rs 420 crore from the IPO. The company has a connection with railways-  Rahee Infratech Limited, an integrated railway civil engineering, manufacturing and construction firm, has filed a Draft Red Herring Prospectus (DRHP). According to the Draft Red Herring Prospectus (DRHP) filed on Monday, apart from the fresh issue, the offer will also see the sale of 27.8 lakh equity shares by the promoters. This sale will be through OFS. What does Rahee Railroad Construction Manufacturing Company do: The company was started in the year 1948. Rahee Group is an integrated railroad company based in India, which has been operating for more than sixty years. The company manufactures railway tracks and bridges. In addition, the company specializes in track installation, flash butt welding of rails, turnout systems, fastening systems, other permanent way products and bridges.