Laxyo Limited, a railway infrastructure and EPC services provider, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise around ₹150 crore through an Initial Public Offering (IPO).

This filing marks the company’s entry into the primary market as it looks to raise funds to support its growth plans and strengthen its financial position. Laxyo IPO is expected to comprise a fresh issue of equity shares of face value of ₹ 10 each aggregating up to ₹150 crore, with further details such as price band and issue dates to be announced at a later stage.

Laxyo Limited is an Indore-based infrastructure company incorporated in 2007, primarily engaged in executing engineering, procurement, and construction (EPC) projects in the railway sector. The company has developed capabilities in areas such as railway track laying, bridge construction, and civil works, along with services in mining, dredging, and operation & maintenance.

Laxyo IPO - Issue Details

As per the DRHP, the Laxyo IPO will be a book-building issue aggregating up to ₹150 crore, consisting entirely of a fresh issue of equity shares. The equity shares are proposed to be listed on the National Stock Exchange (NSE) and BSE. The price band and bid lot will be decided in consultation with the book-running lead manager.

Indorient Financial Services Limited will be the book-running lead manager and MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) will be the registrar for the Laxyo IPO.

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Utilisation of Offer Proceeds

The Company proposes to utilise the net proceeds from the issue towards:

Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company.
Capital expenditure towards purchase of equipment.
Funding the working capital requirements.
General corporate purpose.

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About Laxyo Limited

Laxyo Limited is an Indore-based infrastructure company engaged in providing integrated services across railway operations, EPC (engineering, procurement, and construction), and power generation. Incorporated in 2007, the company has developed expertise in operating and maintaining railway systems, including private freight terminals, locomotive operations, and end-to-end rail logistics solutions for industrial clients.

In addition to its railway-focused services, Laxyo is also involved in infrastructure development projects and power generation, particularly through renewable energy sources such as wind power. The company executes EPC projects across sectors, leveraging its engineering capabilities and project execution experience to deliver large-scale infrastructure solutions. Financially, the company has demonstrated steady growth. For FY2025, Laxyo reported revenue of around ₹213 crore, reflecting healthy year-on-year growth.

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