Ravi Infrabuild Projects Files Draft Papers For Rs 1,100-Crore IPO

Ravi Infrabuild Projects Ltd. on Friday filed its preliminary papers with the Securities and Exchange Board of India to raise up to Rs 1,100 crore via an initial public offering. The public offer will include only fresh issues of shares with no offer-for-sale component.

The equity shares are proposed to be listed on the National Stock Exchange of India and BSE Ltd.

Motilal Oswal Investment Advisors Ltd., and Axis Capital Ltd. are the book-running lead managers for the issue and MUFC Intime India Pvt. will be the registrar of the issue.

Proceeds from the fresh issue will be utilised for the purchase of new equipment, investment in the subsidiaries for payment of debt, and for general corporate purposes.

The construction company is engaged in the development of roads, highways, bridges, flyovers, and tunnels primarily for public sector clients. With more than two decades of experience, the company has presence across multiple Indian states, including Rajasthan, Madhya Pradesh, Maharashtra, and Uttar Pradesh.

The company operates across multiple modes including Engineering, Procurement, and Construction and hybrid annuity models, with a portfolio that includes projects under Bharatmala Pariyojna, NHAI, IRCTC, MoRTH, and various state governments.

The company's total order book stood at Rs 3,092 crore as on December 31, 2024.

Ravi Infrabuild as of March 31, 2024, reported net cash inflow of Rs 0.56 crore with total revenue of Rs 23.34 crore, while in financial year 2023 it posted an outflow of Rs 0.67 crore and revenue of Rs 41.01 crore.