Infra.Market eyes up to Rs 5,000 cr via IPO

Infra.Market, a leading Indian building materials platform backed by Accel and Tiger Global, has confidentially filed its Draft Red Herring Prospectus (DRHP) with SEBI, aiming to raise Rs. 4,500–5,000 crore through a mix of fresh share issuance and an Offer for Sale (OFS).

The filing, made under SEBI’s confidential “pre-filing” route, involves Kotak Investment Banking, HSBC, and Goldman Sachs as merchant bankers. Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market recently raised Rs. 730 crore in a Series G round, valuing the company at Rs. 24,600 crore ($2.8 billion).

Operating 250+ manufacturing units and 10,000+ retail touchpoints, it offers 15+ product categories, including concrete, steel, tiles, and electricals, with investments in RDC Concrete, Shalimar Paints, and others.