India, Oct. 6 -- Dronetech and skill development startup AITMC Ventures has filed its UDRHP with SEBI for an IPO comprising a fresh issue of up to 3.5 Cr shares, with no OFS component.

The UDRHP follows SEBI's observation letter issued on January 30, 2026.

AITMC filed its confidential draft papers in October 2025 after its board approved an IPO comprising a fresh issue of Rs.200 Cr.

The startup has earmarked Rs.155.03 Cr of the net proceeds for five specified purposes, with deployment scheduled for FY27:

Rs.14.50 Cr to upgrade Global Incubation and Skill Hubs (GISH) at 50 AICTE-approved colleges.

Rs.40.5 Cr to upgrade infrastructure at 17 ITIs and three polytechnic colleges in Uttar Pradesh under its World Incubation and Skill Hubs (...