Drone-tech firm AITMC Ventures files updated DRHP for IPO

Gurugram-based drone-tech and skill development company AITMC Ventures has filed its Updated Draft Red Herring Prospectus (UDRHP) for an initial public offering (IPO). The transaction consists of a fresh issue of 3.5 Cr shares, with no offer-for-sale (OFS) component. The company initially filed confidential draft papers in October 2025.Founded in 2016 by Deep Sihag Sisai, the company operates across vocational education, drone training, manufacturing, R&D, and drone-as-a-service (DaaS) segments.The firm plans to use the net proceeds of the IPO for infrastructure upgrades across various educational institutions, the establishment of a Future Tech Park in Haryana, and the repayment of certain borrowings.In the fiscal year 2026, the company reported a net profit of INR 13.4 Cr on an operating revenue of INR 106.8 Cr, compared to a profit of INR 16.1 Cr on an operating revenue of INR 87.5 Cr in fiscal year 2025