Upcoming IPO: Ravi Infrabuild Projects Filed DRHP with SEBI to Raise ₹1,100 Crore

Ravi Infrabuild Projects Limited has submitted its draft red herring prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India (SEBI), to float an initial public offering (IPO), which aims to raise up to ₹1,100 crore.

Ravi Infrabuild Projects IPO Details

Ravi Infrabuild Projects IPO will consist of a fresh issuance of equity shares worth up to ₹1,100 crore, with a face value of ₹10 per share. Notably, the offering does not include an Offer for Sale (OFS) component.

Motilal Oswal Investment Advisors Limited and Axis Capital Limited are serving as the Book Running Lead Managers (BRLMs) for the IPO.

Use of IPO Proceeds

The net proceeds from the offering are planned to be utilised for acquiring new equipment, investing in subsidiaries, settling outstanding debts, repaying specific borrowings, and covering general corporate expenses.

Also Read: Upcoming IPO: 5 Companies, Including Veritas Finance, Ajay Poly Received SEBI Nod to Launch IPOs

About Ravi Infrabuild Projects Limited

The company, specialising in integrated civil construction with a focus on roads, bridges, tunnels, and other infrastructure projects, Ravi Infrabuild operates through diverse business models, including Engineering, Procurement, and Construction (EPC), as well as hybrid annuity structures. Its portfolio includes high-profile projects under government initiatives like Bharatmala Pariyojna, NHAI, IRCTC, MoRTH, and various state governments. The company has established a solid presence across multiple states in India, including Rajasthan, Madhya Pradesh, Maharashtra, and Uttar Pradesh.

According to the DRHP, some of its publicly listed industry peers include PNC Infratech Ltd, G R Infraprojects Ltd, H.G. Infra Engineering Ltd, KNR Constructions Ltd, J Kumar Infraprojects Ltd, Ceigall India Ltd, and Ashoka Buildcon Ltd.

As of December 31, 2024, and for the financial years ending March 31, 2024, 2023, and 2022, the company's order book stood at ₹3,092 crore, ₹2,396 crore, ₹1,782 crore, and ₹1,603 crore, respectively. This represents a compound annual growth rate (CAGR) of 22.26% from March 31, 2022, to March 31, 2024.

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.