Pioneer Fabrications has filed its DRHP with SEBI for a proposed Rs.190 crore IPO. The offering will comprise an entirely fresh issue of equity shares, with the company planning to use the proceeds for working capital, equipment purchases and establishing a new manufacturing facility.
The company has earmarked Rs.63 crore for working-capital requirements, Rs.4.69 crore for equipment at existing manufacturing units and Rs.58.62 crore for its proposed manufacturing facility. The remaining amount is intended for general corporate purposes. Pioneer Fabrications reported FY26 revenue of Rs.186.27 crore and profit of Rs.26.62 crore.
