Upcoming IPO: Infra.Market Files Confidential DRHP with SEBI to Launch ₹5,000 Cr IPO

In a significant expansion move, the Bengaluru-based construction materials company Infra.Market has confidentially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

Infra.Market IPO Details

Infra.Market aims to raise ₹5,000 crore via an initial public offering (IPO) as per news reports. The IPO is expected to be a balanced combination of fresh equity issuance and an offer-for-sale (OFS) by existing shareholders.

Infra.Market Previous Funding

The IPO plans follow closely on the heels of Infra.Market’s $83 million Series G funding round, led by Silverline Homes, with backing from global investors such as Tiger Global, Accel, Nexus Ventures, NK Squared, and Evolvence India. In addition, the company secured $150 million in debt financing from Mars Growth Capital earlier in June this year.

Infra.Market continues to show strong momentum. In FY24, the company reported a 23% increase in revenue to ₹14,530 crore, while net profit surged 2.4x to Rs 378 crore. FY25 financials are yet to be released.

Also Read: Upcoming IPO: Sterlite Electric, Oswal Cables, Rays Power Infra and 3 More Companies Filed Draft Papers with SEBI

By choosing the confidential IPO filing route, Infra.Market aligns with a growing trend among Indian startups. It joins a roster of new-age companies—including PhonePe, Meesho, Shadowfax, PhysicsWallah, Groww, Shiprocket, boAt, and Aequs—that are opting to keep IPO plans discreet until timing and market conditions are more favorable.

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