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Ravi Infrabuild Projects Ltd, a prominent civil construction company with over two decades of experience, has filed preliminary papers with the Securities and Exchange Board of India (Sebi) to raise INR 1,100 crore through an initial public offering (IPO). The proposed IPO comprises a complete fresh issue of equity shares without any Offer-for-Sale (OFS) component. The funds will be allocated towards purchasing new equipment, investment in subsidiaries for debt repayment, and general corporate purposes. With a strong foothold in multiple Indian states, including Rajasthan, Madhya Pradesh, Maharashtra, and Uttar Pradesh, the company's extensive portfolio includes projects under major national initiatives such as Bharatmala Pariyojna, NHAI, and IRCTC.
Ravi Infrabuild Projects Ltd, a civil construction company based in New Delhi, has submitted preliminary documents with the Securities and Exchange Board of India (Sebi) to seek approval for raising INR 1,100 crore through an initial public offering (IPO). According to the draft red herring prospectus (DRHP) filed earlier this week, the IPO will consist solely of a fresh issue of equity shares, with no Offer-for-Sale (OFS) component included in the transaction. Advertisement
The proceeds from the IPO will be channelled towards the acquisition of new equipment, investments in the subsidiaries for debt repayment, and general corporate purposes. Ravi Infrabuild Projects Ltd, known for its extensive experience of over two decades, specialises in the development of roads, highways, bridges, flyovers, and tunnels, primarily catering to public sector clients. The company's operational footprint spans several states, including Rajasthan, Madhya Pradesh, Maharashtra, and Uttar Pradesh.
Operating through multiple modes, including Engineering, Procurement, and Construction (EPC) and hybrid annuity models, Ravi Infrabuild's project portfolio comprises key national and state-level initiatives, including Bharatmala Pariyojna, National Highways Authority of India (NHAI), Indian Railway Catering and Tourism Corporation (IRCTC), Ministry of Road Transport and Highways (MoRTH), and various state governments.
The company's order book stood at INR 3,092 crore as of December 31, 2024, indicating a robust project pipeline. Motilal Oswal Investment Advisors Ltd and Axis Capital Ltd have been appointed as the book-running lead managers for the IPO. Upon receiving Sebi's approval, the equity shares are expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The planned IPO will not only enhance Ravi Infrabuild's financial standing but also solidify its market presence across key states in India, where it continues to participate in significant national and state-level infrastructure projects. The proposed listing on BSE and NSE is anticipated to bolster the company's visibility and provide greater liquidity for investors.
Source - PTI
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