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Defence equipment manufacturer advances large IPO
SMPP Limited’s ₹4,000 crore IPO targets defence manufacturing exposure, supported by export orders and domestic procurement programmes.
SMPP Limited is planning a ₹4,000 crore IPO comprising a ₹580 crore fresh issue and ₹3,420 crore offer for sale. The company manufactures defence gear including bulletproof jackets and helmets. Export orders and domestic procurement support revenue visibility, aligning the issue with India’s defence manufacturing push under Atmanirbhar initiatives and growing global demand.