Agri-drone firm AVPL files DRHP with NSE Emerge

AITMC Ventures Limited (AVPL), a pioneer in developing a self-sustained ecosystem covering the entire farming value chain around drone technology, filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge. The company will offer a fresh issue of up to 2,07,32,000 equity shares with a face value of Rs 2 each through the book-building route. SKI Capital Services Limited has been appointed as the book running lead manager to the issue, and Bigshare Services Private Limited as the registrar.

The Gurugram-based company operates three broad business verticals - skill development, drones assembly cum skilling and agri-retail.