India, Oct. 14 -- Taking its second stab at a public listing, AVPL International (AITMC Ventures) has pre-filed DRHP for INR 200 Cr initial public offering (IPO).

The startup filed its confidential DRHP with SEBI on October 6. While details about the company's public issue are not clear, the company's board, on July 17, approved increasing the size of the fresh issue in the IPO to INR 200 Cr from INR 125 Cr earlier.

The funds raised through the IPO will be utilised for business expansion, working capital requirements, and other general corporate purposes.

Besides, the board also approved an increase in the startup's authorised share capital to INR 25 Cr from INR 22 Cr.

AITMC also approved the appointment of Kamal Jeet Dahiya as a non-...