Shivganga Drillers IPO Details

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Shivganga Drillers IPO DRHP (Draft Red Herring Prospectus) has been Filed With SEBI.

The Lead Managers for Shivganga Drillers IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Aryaman Financial Services Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For detailed information, Refer to the Shivganga Drillers Limited DRHP.

Shivganga Drillers IPO Details

Open Date

Close Date

Listing Date

Issue Price

₹0 - ₹0

Face Value

₹10 per share

Lot Size

GMP

₹0

Issue Type

IPO

Listing On

NSE, BSE

Type

Book Built Issue

Share holding pre issue

53548000

Share holding post issue

Total Issue Size

Fresh Issue

Offer for Sale

DRHP Status

Filed With SEBI

Shivganga Drillers IPO Lot Size

Application	Lots	Shares	Amount
To be announced

Shivganga Drillers IPO Reservation

Promoter Holding

Pre Issue:98.70%

Post Issue:-

Promoter Names:

Bhanwar Lal Rathi, Manoj Bahety, Mukul Bahety, Anuj Rathi, Shreyas Bahety, Sunita Bahety, Priyanka Rathi

Documents

› Shivganga Drillers IPO DRHP

Shivganga Drillers IPO Valuations

ROE:44.86%

ROCE:54.50%

DEBT/EQUITY:0.64

RONW:44.86%

PAT MARGIN:17.59%

Shivganga Drillers Financial Information

Period Ended	30 Jun 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	342.01	297.06	209.30	91.09
Total Income	97.87	359.90	197.39	64.74
Profit After Tax	20.78	62.34	27.46	3.92
EBITDA	31.47	112.43	51.09	11.31
NET Worth	159.76	138.98	76.22	48.75
Reserves and Surplus	154.47	133.69	71.35	43.88
Total Borrowing	84.28	89.41	91.53	25.07
Amount in ₹ Crore

About Shivganga Drillers IPO

Incorporated in August 2005, Shivganga Drillers Limited is an oilfield services company engaged in providing comprehensive drilling and allied services to the oil and gas exploration and production industry. The Company offers end-to-end solutions spanning rig deployment, drilling operations, operation and maintenance (O&M), workover services, and ancillary support across various stages of drilling programmes.

The Company’s operations are structured around long-term and project-based contracts, under which it mobilises drilling rigs, skilled manpower, and equipment to client locations and executes drilling and workover campaigns in line with agreed technical specifications, safety standards, and timelines. Shivganga Drillers Limited places strong emphasis on timely execution, adherence to health, safety and environment (HSE) norms, and cost-efficient operations to support clients’ field development and production objectives.

Shivganga Drillers Limited provides a full stack of services, including turnkey and performance-based drilling solutions, where contractor remuneration is linked to pre-agreed performance metrics such as drilling efficiency or per-meter progress. This model enables clients to reduce costs, improve operational efficiency, and align contractor incentives with project outcomes. In addition, the Company offers hire and rental models for essential drilling equipment and services, enhancing flexibility for clients.

Key Services Offered:

Onshore Drilling Services, including drilling and integrated project management
Offshore Operation & Maintenance (O&M) Services
Equipment Rental Services for oil and gas exploration activities

The Company holds ISO 9001 (Quality Management), ISO 14001 (Environmental Management), and ISO 45001 (Occupational Health & Safety) certifications, and is a recognised member of the International Association of Drilling Contractors (IADC), reflecting its commitment to global operational and safety standards.

As of October 31, 2025, Shivganga Drillers Limited employed 432 personnel across functions such as Operations, Purchase, Quality, HSE, Sales & Marketing, Business Development, Human Resources, and Finance, of which 403 were permanent employees.