VVDN Technologies is considering an initial public offering in India that could raise up to $300 million. The Gurugram-based firm started inviting investment banks to pitch for roles this week. While plans are at an early stage, the company joins many others tapping into India’s busy share sale market today.
VVDN Technologies Pvt. is considering an initial public offering in India that could raise as much as $300 million, according to people familiar with the matter.
The Gurugram-based technology and contract manufacturing company has invited investment banks to pitch for roles on the potential share sale and is expected to appoint advisers soon, the people said, asking not to be identified because the information is private. The pitches are scheduled for later this week, they said.
Deliberations are at an early stage and details including the size and timing of the offering could change, the people said. A representative for VVDN didn’t respond to a request for comment.
VVDN would join a growing list of companies seeking to tap India’s buoyant IPO market. Firms have raised about $14.36 billion through first-time share sales so far this year, following a record $22 billion in 2025, according to data compiled by Bloomberg. Jio Platforms Ltd. opened the country’s largest-ever IPO for subscription on Wednesday, seeking to raise as much as $3.2 billion.
Founded in 2007, VVDN provides product engineering, software and manufacturing services, according to its website. The company offers services spanning hardware and mechanical design, embedded software, cloud applications, testing and mass manufacturing.
VVDN has operations across several international markets, including the US, Canada, Europe, Vietnam, South Korea and Japan, and operates 11 research and development centers, its website shows.
Last month, Mint reported that the company is planning an IPO. Motilal Oswal Private Equity is of the investors in the company.