Infra.Market to Raise ₹1,250 Crore Debt Funding Ahead of IPO

As per Inc42, Infra.Market, the construction‑materials marketplace, has arranged a ₹1,250 crore loan from Singapore‑based Ascertis Credit as it moves closer to an initial public offering. 

Debt Funding Details 

The loan will be raised by hypothecating Infra.Market’s assets, pledging promoter shares in the company and shares of its group entities including RDC Concrete, Neptune Readymix and Robo Quarries. The funding amount equals approximately $137 Mn. 

Purpose of the Capital 

According to regulatory filings, the proceeds will be used for refinancing existing debt, financing capital expenditure and supporting merger and acquisition activity. The allocation reflects the company’s strategy to strengthen its balance sheet before the public issue. 

Read More: India Aims to Get ₹1.79 Lakh Crore from State-Run IPOs by 2030! 

Recent Funding History 

Earlier this year Infra.Market raised ₹731.58 crore ($83 Mn) in a Series G round from its promoter group Silverline Homes Private Limited, NK Squared, Tiger Global, Accel and Nexus. The round valued the business at $2.8 Bn, unchanged from the previous valuation. 

IPO Preparation 

Infra.Market received SEBI’s approval for a public issue in January and has begun roadshow preparations. The company pre‑filed its IPO documents in October and plans a ₹5,000 crore issue split equally between fresh shares and an offer for sale. 

Conclusion 

Infra.Market’s ₹1,250 crore debt raise provides liquidity for refinancing, capex and potential acquisitions as it finalises its IPO plans. The funding complements a recent Series G round that valued the firm at $2.8 Bn and supports its ongoing market expansion. 

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