Dronetech Startup AITMC Ventures Files UDRHP for Fresh Issue IPO

6 Oct 2026, 3:35 pm · 3h ago · 1 min read · Inc42New

Amount

₹200 Cr

Stage

IPO

Dronetech and vocational skilling startup AITMC Ventures has filed its updated draft red herring prospectus with SEBI for an IPO comprising up to 3.5 crore fresh shares with no offer-for-sale. AITMC previously received board approval for a Rs 200 crore IPO. The startup plans to deploy Rs 155.03 crore across key initiatives in FY27, including Rs 69.67 crore for a Future Tech Park in Haryana, Rs 40.5 crore for college infrastructure upgrades in Uttar Pradesh, and Rs 10.40 crore for R&D labs at IIT Ropar and IIT Kanpur. Founded in 2016, AITMC offers drone training and manufacturing.