Adding to the list of IPOs in real estate and infrastructure sector, Ravi Infrabuild Projects Limited, a leading civil construction company, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise up to Rs 1,100 crore through an Initial Public Offering.
With over two decades of experience, Ravi Infrabuild Projects Ltd has built a strong presence in roads, highways, bridges, tunnels, and urban infrastructure, primarily for public sector clients across Rajasthan, Madhya Pradesh, Maharashtra, and Uttar Pradesh.
About the Issue:
Fresh Issue: Equity shares aggregating up to ?1,100 crore
Offer for Sale (OFS): None
Use of Proceeds:
– Purchase of new construction equipment (?251 crore)
– Investment in subsidiaries for repayment of borrowings (?334 crore)
– Repayment of certain borrowings (?289 crore)
– General corporate purposes
Lead Managers:
Motilal Oswal Investment Advisors Limited
Axis Capital Limited
