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Ravi Infrabuild Projects, a civilian infrastructure firm, has submitted its draught reddish herring prospectus pinch nan Securities and Exchange Board of India to raise up to Rs 1,100 crore.
Ravi Infrabuild Projects Limited, a salient civilian infrastructure firm, has submitted its Draft Red Herring Prospectus (DRHP) pinch nan Securities and Exchange Board of India (SEBI) to raise up to ₹1,100 crore via an Initial Public Offering (IPO). This IPO will dwell wholly of a caller rumor of equity shares, pinch nary connection for waste component. The offering intends to support nan company's description and financial strategies.
The IPO includes wholly a caller shares amounting to ₹1,100 crore pinch a look worth of ₹10 per share. The company, successful consultation pinch nan manages of nan issue, whitethorn see a pre-IPO placement of Rs 220 crore. If this is undertaken, nan rumor size will beryllium reduced successful aforesaid proportion.
The proceeds from nan IPO are earmarked for respective strategical initiatives. A sum of ₹251 crore will beryllium utilised for nan procurement of caller building equipment, bolstering nan company's operational capabilities. Additionally, ₹334 crore will beryllium channelled into nan company's subsidiaries to assistance successful nan repayment of existing borrowings. A further ₹289 crore is allocated for repaying definite borrowings, ensuring improved financial stability. Remaining costs are designated for wide firm purposes, providing elasticity for early investments and maturation opportunities.
Established complete 2 decades ago, Ravi Infrabuild Projects has positioned itself arsenic a leader successful nan improvement of roads, highways, bridges, tunnels, and municipality infrastructure. The institution has an awesome portfolio of completed projects, including high-profile initiatives for illustration nan Amritsar–Jamnagar Economic Corridor and nan Ghazipur–Ballia Greenfield Highway. These projects underscore nan company's expertise successful handling large-scale infrastructure developments crossed aggregate Indian states.
The IPO is managed by Motilal Oswal Investment Advisors Limited and Axis Capital Limited, some reputed financial institutions. This strategical move is expected to heighten nan company's financial wellness and marketplace position. Industry analysts are intimately monitoring nan IPO, arsenic it could importantly effect nan competitory scenery of nan building sector.
Ravi Infrabuild Projects' IPO represents a important measurement successful nan company's maturation trajectory. With its extended acquisition and a robust task portfolio, nan institution is poised to leverage nan IPO proceeds to fortify its operational and financial framework. This improvement is anticipated to create important opportunities for investors and stakeholders alike.
Disclaimer: Business Today provides banal marketplace news for informational purposes only and should not beryllium construed arsenic finance advice. Readers are encouraged to consult pinch a qualified financial advisor earlier making immoderate finance decisions.
Published on: May 9, 2025 3:25 PM IST
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