Ravi Infrabuild Projects files DRHP with SEBI: Plans to Raise ₹1,100 crore through IPO

12 May 2025
2 min read
Ravi Infrabuild Projects files DRHP with SEBI: Plans to Raise ₹1,100 crore through IPO
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Construction company Ravi Infrabuild Projects Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its upcoming Initial Public Offering (IPO). The company plans to raise around ₹1,100 crore through this public issue.

Ravi Infrabuild Projects Limited IPO Details

As per the DRHP, the IPO will be entirely a fresh issue of equity shares at a face value of ₹10 each with no offer-for-sale (OFS). The equity shares are to be listed on both the BSE and NSE. The price band and minimum bid lot for the IPO will be decided after consulting the book-running lead managers, which are Motilal Oswal Investment Advisors Limited and Axis Capital Limited. 

MUFG Intime India Private Limited (formerly Link Intime India Private Limited) will be the Registrar to the issue. 

Utilisation of Proceeds

The company will utilise the net proceeds from the issue for the following purposes:

  • Repayment/pre-payment, in full or part, of certain borrowings availed by the Company.
  • Investment in Subsidiaries for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Subsidiaries.
  • Purchase of equipment.
  • General corporate purposes.

About Ravi Infrabuild Projects Limited

Ravi Infrabuild Projects Limited is a civil construction company that develops roads, highways, bridges, flyovers, and tunnels primarily for public sector clients. With more than two decades of experience, the company has a presence in multiple Indian states, including Rajasthan, Madhya Pradesh, Maharashtra, and Uttar Pradesh.

The company operates in multiple modes, including EPC (Engineering, Procurement, and Construction) and hybrid annuity models. Its portfolio includes projects under Bharatmala Pariyojna, NHAI, IRCTC, MoRTH, and various state governments.

Company Financials

As of December 31, 2024, Ravi Infrabuild Projects Limited's total order book stood at ₹3,092 crore. As of March 31, 2024, Ravi Infrabuild reported a net cash inflow of ₹0.56 crore and total revenue of ₹23.34 crore, while in the financial year 2023, it posted an outflow of ₹0.67 crore and revenue of ₹41.01 crore.

 

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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