Ravi Infrabuild Projects Ltd. has taken a significant step towards raising capital by submitting draft papers for an initial public offering amounting to Rs 1,100 crore. The company’s IPO will consist solely of fresh equity shares and is intended to be listed on both the National Stock Exchange of India and BSE Ltd.
The IPO proceedings will be managed by Motilal Oswal Investment Advisors Ltd. and Axis Capital Ltd., with MUFC Intime India Pvt. handling the registrar duties for the issue. The funds generated from this offering will be allocated towards purchasing new equipment, investments in subsidiaries, debt repayment, and general corporate purposes.
Specializing in the construction of infrastructure such as roads, highways, bridges, flyovers, and tunnels primarily for governmental clients, Ravi Infrabuild Projects Ltd. boasts over twenty years of experience and operations in various Indian states like Rajasthan, Madhya Pradesh, Maharashtra, and Uttar Pradesh.
Operating through different models including Engineering, Procurement, and Construction, as well as hybrid annuity, the company has a diverse project portfolio that includes contributions to initiatives like Bharatmala Pariyojna, NHAI, IRCTC, MoRTH, and several state government projects.
As of December 31, 2024, the company’s total order book was reported at Rs 3,092 crore. Financially, Ravi Infrabuild Projects Ltd. recorded a net cash inflow of Rs 0.56 crore and total revenue of Rs 23.34 crore as of March 31, 2024. In the previous financial year, ending in 2023, the company experienced an outflow of Rs 0.67 crore with revenue amounting to Rs 41.01 crore.
This move comes amidst a dynamic market environment where companies are strategically leveraging IPOs to raise capital for expansion and growth. The National Stock Exchange of India continues to be a key platform for companies seeking to tap into the equity market for funding opportunities.
With the increasing demand for infrastructure development in India, companies like Ravi Infrabuild Projects Ltd. play a crucial role in shaping the nation’s landscape and contributing to its economic growth. The IPO filing reflects the company’s confidence in its growth prospects and its commitment to further expansion and development in the infrastructure sector.
Industry experts believe that the successful completion of this IPO could not only provide Ravi Infrabuild Projects Ltd. with the necessary financial resources but also enhance its market visibility and credibility, potentially attracting more investors and strategic partners.
As companies across various sectors continue to explore opportunities in the capital market, the IPO market is expected to remain active, offering investors a diverse range of investment options and contributing to the overall vibrancy of the Indian stock exchanges.
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