Clastek & Sabari Constructions File for NSE Emerge IPO
By Business Desk
Clastek Engineering and Sabari Constructions Technologies submit DRHPs to the NSE Emerge platform for upcoming SME exchange public offerings.
Clastek Engineering and Sabari Constructions Technologies are heading to the public markets. Both companies have formally filed their Draft Red Herring Prospectuses with the NSE Emerge platform.
Clastek Engineering IPO Breakdown
Founded in 2008 and based in Sriperumbudur, Clastek operates an integrated engineering firm focused on mould-to-component manufacturing. The company is advancing toward its SME exchange debut.
- Fresh issue of up to 5,500,000 equity shares
- Face value of ₹10 per share
- No Offer for Sale component included
The firm maintains a workforce of 175 permanent employees as of May 31, 2026. Proceeds will bolster engineering capabilities, fund working capital, and cover general corporate objectives.
Sabari Constructions Technologies Public Offering
Headquartered in Coimbatore, Sabari Constructions is an EPC and infrastructure turnkey contractor operating across multiple states. The business originated in 1998 before incorporating in 2011.
- Fresh issue of up to 6,300,000 equity shares
- Face value of ₹10 per share
- Portfolio of 19 projects as of March 31, 2026
The contractor operates ready-mix concrete and concrete blocks manufacturing units in Coimbatore and Chennai. Its project portfolio includes the redevelopment of Rameswaram Railway Station.