Ravi Infrabuild Projects Aims for Rs 1,100 Crore through IPO

Ravi Infrabuild Projects Ltd plans to raise Rs 1,100 crore through an IPO. The fresh issue will fund new equipment, debt payments, and corporate purposes. Specializing in roads and infrastructure projects, the company has a strong presence in several Indian states. Shares will list on BSE and NSE.

Ravi Infrabuild Projects Ltd has filed papers with SEBI to raise Rs 1,100 crore through an IPO. This offering is set to be a fresh equity issue, with no Offer-for-Sale component.

The proceeds are earmarked for buying new equipment, funding subsidiaries to pay off debt, and fulfilling corporate goals. Known for their expertise in civil construction, the company manages projects including roads, highways, and tunnels.

With a robust order book of Rs 3,092 crore, the shares will be listed on BSE and NSE, with Motilal Oswal Investment Advisors and Axis Capital guiding the IPO process.

(With inputs from agencies.)