Ravi Infra To Raise Rs 1,100 Cr Via IPO

Mumbai: Ravi Infrabuild Projects Ltd, a leading integrated civil construction company with a focus on roads, bridges, tunnels, and related infrastructure, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise up to Rs1,100 crore through an Initial Public Offering (IPO).

According to D&B report, the company has emerged as one of the fastest growing engineering, procurement and construction (EPC) company in terms of Total Order Book and PAT, as of Fiscal Year 2024. The IPO comprises a fresh issue of equity shares aggregating up to Rs1,100 crore at face value of Rs10 each. There is no Offer for Sale (OFS) component in the issue.