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IPO-Bound Defence Firm SMPP Eyes Tie Up With Global Firms To Accelerate Growth
SMPP’s Rs 4,000-crore IPO includes a fresh issue of equity shares worth up to Rs 580 crore and an offer-for-sale of shares worth up to Rs 3,420 crore.
12 Feb 2025, 12:44 PM IST 
SMPP, which specialises in ammunition and armour solutions, currently supplies its products to over 23 global markets. (Representative Image. Photo source: Unsplash)
As India’s defence manufacturing firm, SMPP Ltd., gears up for its maiden debut in the primary market, it is actively seeking global partnerships to expand its market presence, according to its top executive. The company has already received approval from the Securities and Exchange Board of India and is finalising the necessary paperwork. “As soon as the team is ready, we will move forward with the IPO,” Ashish Kansal, whole time di...
