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Ravi Infrabuild Projects Ltd, a key player in India's civil infrastructure sector, has filed its draft papers with SEBI to raise around INR 1,100 crore through an Initial Public Offering (IPO). The company, which operates primarily on public sector contracts across several states, plans to use the fresh equity infusion to purchase new equipment, repay debts, and invest in subsidiaries. With a healthy order book exceeding INR 3,000 crore and a solid financial performance in the recent fiscal year, this move is positioned to strengthen its balance sheet and support its expansion strategy amid growing infrastructure demand in India.
Ravi Infrabuild Projects Ltd, a civil infrastructure firm headquartered in Udaipur, Rajasthan, recently submitted its Draft Red Herring Prospectus to the Securities and Exchange Board of India seeking approval to raise approximately INR 1,100 crore through an Initial Public Offering. This IPO will be an entirely fresh issue of equity shares with no Offer for Sale component, indicating the company's intent to raise fresh capital rather than provide exits to existing shareholders. Advertisement
The company intends to deploy the proceeds for several strategic purposes. A significant portion will be used for acquiring new machinery and equipment, aimed at boosting operational efficiency and enabling the company to meet growing project demands. Additionally, the funds will be utilised to repay certain existing borrowings, thereby improving the company's debt profile. Ravi Infrabuild also plans to inject capital into its subsidiaries to clear their outstanding borrowings, which will help streamline financial health across its group entities. A part of the raised funds will be allocated for general corporate purposes, supporting ongoing and future growth initiatives.
Founded in 2009, Ravi Infrabuild has developed a strong presence in executing infrastructure projects like roads, highways, bridges, flyovers, and tunnels, predominantly catering to public sector organisations. The company operates across multiple states including Rajasthan, Madhya Pradesh, Maharashtra, and Uttar Pradesh, executing projects under flagship programmes such as Bharatmala Pariyojna, NHAI, IRCTC, and state government initiatives. It employs varied execution models including Engineering, Procurement, and Construction (EPC) and Hybrid Annuity Model (HAM), allowing flexibility in contract delivery.
As of the last fiscal year-end, the company reported an order book valued at over INR 3,000 crore, reflecting a strong pipeline of ongoing and upcoming projects. For the recent financial year, Ravi Infrabuild achieved revenues exceeding INR 1,400 crore along with a net profit close to INR 125 crore, underscoring solid financial performance and operational robustness.
The planned IPO shares will be listed on both the Bombay Stock Exchange and the National Stock Exchange. Motilal Oswal Investment Advisors and Axis Capital are appointed as the lead managers, while MUFG Intime India Private Limited will serve as the registrar.
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