Satellite maker Alpha Design to go public in six months

The company plans to raise around Rs 300-400 cr, of which at least 50% will go towards space research

Alpha Design Technologies, first private firm to build satellites for Isro, is planning to go public in the next six months. The PE-backed medium enterprise will be investing major portion of the proposed Rs 400 crore in space business, which the Bengaluru-based company is betting big on.

Speaking to Business Standard on the sidelines of International Seminar on Indian Space Programme, organised by FICCI and Isro, H S Shankar, chairman and managing director, Alpha Design Technologies said the company plans to raise around Rs 300-400 crore, of which at least 50% will go towards space research.

The Bengaluru-based aerospace firm