# Garuda Aerospace Gets SEBI Observation for Rs 750 Crore IPO 2026-08-07T02:55:48+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Garuda Aerospace has received SEBI’s final observation for its proposed initial public offering, Inc42 reports, moving the Chennai-based drone company closer to a listing. Its board approved a fresh issue of up to Rs 750 crore in March, alongside an offer-for-sale component. The OFS value has not been disclosed, though reports cited by Inc42 put it at about Rs 250 crore. The company confidentially pre-filed its draft red herring prospectus in April and is expected to file an updated version. Garuda reported Rs 123.5 crore in operating revenue and Rs 18.4 crore in net profit in FY25. In the first six months of FY26, it reported Rs 41.2 crore revenue and Rs 11 crore profit. Founded in 2015, it makes drones for defence, agriculture, surveillance and logistics. ## Coverage - inc42.com Tags: drones, Garuda Aerospace, IPO, SEBI, startups Canonical: https://indianopinion.org/garuda-aerospace-gets-sebi-observation-for-rs-750-crore-ipo/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/garuda-aerospace-gets-sebi-observation-for-rs-750-crore-ipo/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.