Ravi Infrabuild Projects Ltd, a civil construction company based in India with operations across Rajasthan, Maharashtra, Uttar Pradesh, and Madhya Pradesh, filed draft papers with the Securities and Exchange Board of India (SEBI) on May 9, 2025, to raise INR 1,100 crore (USD 132 million) through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares, with proceeds aimed at funding construction equipment purchases and repaying existing debt. The company, which specializes in building roads, highways, bridges, and tunnels, holds an order book of INR 3,092 crore. The shares will be listed on BSE and NSE.
Ravi Infrabuild Projects Ltd, a prominent civil construction company based in Maharashtra, India, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise INR 1,100 crore (approximately USD 132 million) through an initial public offering (IPO).
The IPO will be a complete fresh issue of equity shares, with no Offer for Sale (OFS) component. According to the company, the proceeds will be utilized to purchase construction equipment and reduce outstanding debt, supporting its ongoing infrastructure projects.
Ravi Infrabuild Projects, with over two decades of operational experience, specializes in the development of roads, highways, flyovers, bridges, and tunnels. The company primarily caters to public sector clients and executes projects under EPC (Engineering, Procurement, and Construction) and hybrid annuity models. It currently operates across multiple Indian states, including Rajasthan, Madhya Pradesh, Maharashtra, and Uttar Pradesh.
As of December 31, 2024, the company’s total order book stood at INR 3,092 crore, indicating strong future revenue visibility. The equity shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
This IPO move comes amid growing investor interest in infrastructure development and government-backed public projects, reinforcing Ravi Infrabuild’s position as a key player in India’s infrastructure growth.
