RKCPL Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) of ₹1,250 crore. The issue will comprise a fresh issue of ₹700 crore and an Offer for Sale (OFS) worth ₹550 crore by promoters Naresh Kumar and Krishan Kumar Goyal.
Founded in 2013 and converted into a public company in 2025, RKCPL operates in the infrastructure sector and has executed over 80 projects across India. The company has not declared dividends in the last three years.
The IPO will consist of a fresh issue of ₹700 crore and an OFS of ₹550 crore. Pre-IPO placement is capped at ₹140 crore. The shares will be listed on the NSE and BSE.
Equirus Capital and Anand Rathi Advisors are the book-running lead managers, while MUFG Intime India Pvt. Ltd. will act as the registrar. The IPO will include reservations for institutional, non-institutional, and retail investors, with the price band, lot size, and anchor book details to be disclosed prior to the launch.
RKCPL has shown consistent financial growth over FY23–FY25. Revenue increased from ₹861.72 crore in FY23 to ₹1,270.66 crore in FY25. Profit after tax nearly doubled to ₹164.58 crore in FY25, compared with ₹87.05 crore in FY23.
Earnings per share rose from ₹7.31 in FY23 to ₹12.47 in FY25, while net worth expanded to ₹569.05 crore. Borrowings also rose sharply to ₹509.26 crore, reflecting increased leverage to fund growth.
The company currently holds an order book worth ₹2,617.51 crore across 17 projects, providing strong execution visibility.
RKCPL plans to allocate ₹130.02 crore towards acquiring construction equipment such as excavators, pavers, cranes, rollers, and loaders. Around ₹200 crore will be used for working capital requirements, while ₹50 crore is earmarked for debt repayment.
A further ₹138 crore will be invested in Hybrid Annuity Model (HAM) subsidiaries, including key projects like the Bathinda–Ludhiana Highway, Paonta Sahib Highway, and Ambala Ring Road. The balance will go toward general corporate purposes.
The company’s project portfolio covers highways, bridges, rail structures, and drainage systems. EPC contracts currently account for nearly three-fourths of the order book, while HAM projects form the remainder.
This diversification is expected to help RKCPL strengthen its market presence and improve execution across multiple infrastructure segments.
Read More: When Will the Groww IPO Open for Subscription?
RKCPL’s upcoming ₹1,250 crore IPO combines robust financial growth with a strong order book, strategic HAM investments, and clear plans for equipment and debt reduction. The issue will be closely watched by institutional and retail investors ahead of its listing.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 25, 2025, 2:41 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
