Ravi Infrabuild Projects Limited, a civil construction company headquartered in Maharashtra, India, has filed draft papers with SEBI for an initial public offering (IPO) worth ₹1,100 crore. The company has demonstrated consistent growth, with a 22.26% CAGR in its order book from 2022 to 2024. The IPO proceeds will support equipment acquisition, debt repayment, and general corporate purposes.
Ravi Infrabuild Projects Limited, a leading infrastructure development firm based in Maharashtra, India, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) aiming to raise ₹1,100 crore.
Established in civil construction with a stronghold in building roads, tunnels, and bridges, Ravi Infrabuild operates across multiple Indian states, including Rajasthan, Madhya Pradesh, Uttar Pradesh, and its home state Maharashtra. The company has participated in major government initiatives such as Bharatmala Pariyojna and projects from NHAI, IRCTC, and MoRTH, utilizing EPC and hybrid annuity models.
The company’s order book stood at ₹3,092 crore as of December 31, 2024, up from ₹1,603 crore in March 2022, reflecting a CAGR of 22.26% over two years. Listed peers include prominent infrastructure firms such as PNC Infratech, G R Infraprojects, H.G. Infra, and Ashoka Buildcon.
The IPO will involve a fresh issue of equity shares worth ₹1,100 crore at a face value of ₹10 each. There is no Offer for Sale (OFS) component. Proceeds from the public issue will be allocated to purchasing new machinery, investing in subsidiaries to clear outstanding dues, repaying specific borrowings, and general corporate expenses.
Ravi Infrabuild’s IPO filing marks a significant milestone in its expansion journey, positioning it alongside key players in India’s rapidly growing infrastructure sector.
