Ravi Infrabuild Projects files draft papers with Sebi to raise Rs 1,100 cr through IPO

Construction institution Ravi Infrabuild Projects Ltd has filed preliminary papers with markets regulator Sebi seeking its support to rise Rs 1,100 crore done an archetypal nationalist offering (IPO). The projected IPO is wholly a fresh contented of equity shares with nary Offer-for-Sale (OFS) component, according to the draught reddish herring prospectus (DRHP) filed connected Thursday.

Proceeds of the contented volition beryllium utilised for the acquisition of caller equipment, concern successful the subsidiaries for outgo of debt, and for wide firm purposes.

Ravi Infrabuild Project is simply a civilian operation institution engaged successful the improvement of roads, highways, bridges, flyovers, and tunnels chiefly for nationalist assemblage clients. With much than 2 decades of experience, the institution has beingness crossed aggregate Indian states, including Rajasthan, Madhya Pradesh, Maharashtra, and Uttar Pradesh.

The institution operates crossed aggregate modes including EPC (Engineering, Procurement, and Construction) and hybrid annuity models, with a portfolio that includes projects nether Bharatmala Pariyojna, NHAI, IRCTC, MoRTH, and assorted authorities governments.

The company's full bid publication stood astatine Rs 3,092 crore arsenic connected December 31, 2024.

Motilal Oswal Investment Advisors Ltd and Axis Capital Ltd are the publication moving pb managers to the issue.

The equity shares are projected to beryllium listed connected the BSE and NSE.