Shivganga Drillers Ltd., incorporated in August 2005, is an oil and gas services company engaged in providing drilling, workover, operations, and maintenance solutions for onshore and offshore exploration activities. The company supports various phases of drilling programmes through rig deployment, equipment mobilisation, crew management, and ancillary operational services.
Its business model includes long-term and project-based contracts, under which the company executes drilling and workover assignments in line with predefined technical, operational, and safety standards. Shivganga Drillers focuses on timely project execution, cost-efficient operations, and compliance with health, safety, and environment (HSE) practices to support clients’ production and field development objectives.
The company also offers turnkey and performance-based drilling solutions, where payments are linked to agreed operational performance metrics. In addition, it provides equipment rental services for oil and gas exploration activities.
Services Offered
Onshore drilling and integrated project management services
Offshore operations and maintenance (O&M) services
Equipment rental services for oil and gas exploration projects
Performance-based and turnkey drilling solutions
Operations & Certifications
The company serves multiple segments within the oil and gas industry and maintains certifications including ISO 9001, ISO 14001, and ISO 45001. It is also a recognised member of the International Association of Drilling Contractors (IADC).
As of October 31, 2025, Shivganga Drillers had a workforce of 432 employees, including 403 permanent employees across operations, quality, HSE, finance, HR, marketing, and business development functions
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | -- |
| Non-Institutional Investors (NIIs) | 15% | -- |
| Retail Individual Investors (RIIs) | 35% | -- |
Diversified service portfolio catering to multiple oil and gas industry requirements
Strong project execution capabilities supported by a substantial equipment base
Established relationships with major upstream oil and gas companies
Experienced leadership team and technically skilled workforce
Focus on operational quality
safety standards
and financial performance
| Allotment Date | Listing Date | Refund Date |
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| -- | -- | -- |
| Issue Composition: | |
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| Face Value | ₹10 per share |
| Total Issue Size | 0 shares (aggregating up to To be announced) |
| Fresh Issue | 0 shares (aggregating up to To be announced) |
| Offer for Sale | 0 shares of ₹10 (aggregating up to To be announced) |
| Issue Type | |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | shares |
| Post-Issue Shareholding | 0 shares |
| Minimum Lot Size | -- |
| Maximum Lot Size (Retail) | -- |
The lot size of Shivganga Drillers ipo has been designed to ensure broad participation while maintaining optimal price discovery.
104 Corporate House 169 R N T Marg Indore Tukoganj Indore
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