Drone tech startup AITMC files IPO papers for fresh issue of 3.5 crore shares

Drone manufacturer AITMC Ventures has filed its updated draft red herring prospectus (UDRHP) with SEBI for an initial public offering (IPO), with the maiden issue comprising entirely of a fresh issue of up to 3.5 crore shares and no offer-for-sale component. This means existing investors, promoters Deep and Preet Sandhuu and early-stage backers will not sell or cash out their holdings during the IPO. Founded in 2016, AITMC started its journey by offering vocational training and skilling programm