Laxyo Limited, one of the leading integrated EPC players, submitted its Draft Red Herring Prospectus to the market regulator SEBI to launch a ₹150 crore Initial Public Offering (IPO).
According to the DRHP filed on March 23, the firm is planning to raise ₹150 crore solely via fresh issue with no Offer for Sale component.
Laxyo Limited may plan to raise ₹30 crore via pre-IPO placement. If the pre-IPO round takes place, then the fund of ₹30 crore will be deducted from the fresh issue.
The company will use a fund of ₹70 crore towards the repayment/prepayment of existing borrowings. The fund of ₹9.7 crore will be utilized for the purchase of equipment, ₹23 crore for working capital requirements, and the remaining fund for general corporate purposes.
Since its incorporation in 2007, Laxyo Limited has been involved in offering EPC services to various sectors like railway infrastructure, mining, dredging, and plant services, along with civil construction in India, positioning itself as a leading integrated EPC player.
As of March 15, 2026, the company had a total pending debt of ₹121.7 crore, of which ₹86.6 crore of the loan was taken from the banks and financial institutions.
Financially, in FY25, the firm generated a revenue of ₹211.1 crore from operations, showcasing a 21.1% of growth over the previous year of ₹174.3 crore. In the same year, the Profit stood at ₹11.6 crore, grew almost double that of the ₹6.3 crore in the previous year.
The book-running lead manager of the issue is Indorient Financial Services Limited. While the registrar of the IPO is MUFG Intime India Private Limited. For more such updates and IPO-related queries, follow IPO Watch.
Laxyo IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Laxyo Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2023 | ₹135.35 | ₹128.46 | ₹4.93 |
| 2024 | ₹175.27 | ₹166.78 | ₹6.33 |
| 2025 | ₹212.77 | ₹195.40 | ₹11.65 |
| Sep 2025 | ₹111.44 | ₹104.89 | ₹6.23 |
Laxyo IPO Valuation – FY2025
Laxyo IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.67 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 19.36% |
| Net Asset Value (NAV): | ₹13.80 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Larsen and Toubro | 109.36 | 31.46 | 15.94 | 839.18 | 2,59,859.27 Cr. |
| Afcons Infrastrucutres | 13.24 | 21.06 | 9.48 | 139.66 | 13,022.77 Cr. |
| IRCON International Ltd. | 7.73 | 16.84 | 11.5 | 67.26 | 11,131.03 Cr. |
| GR Infraprojects Limited | 104.88 | 8.8 | 11.94 | 878.97 | 7,590.13 Cr. |
| Texmaco Rail & Engineering Limited | 6.24 | 14.77 | 8.79 | 70.85 | 5,164.25 Cr. |
| Thermax Ltd | 56.33 | 57.2 | 12.68 | 438.8 | 10,640.91 Cr. |
| KP Energy Ltd. | 17.29 | 16.19 | 36.96 | 46.79 | 958.45 Cr. |
| Dredging Corporation of India | -12.07 | -73.29 | -2.25 | 436.25 | 1,147.97 Cr. |
| Knowledge Marine & Engineering Works Limited | 46.12 | 33.09 | 22.56 | 203.58 | 205.91 Cr. |
| Master Drilling India Private Limited | 132.19 | NA^ | 27.97 | 472.63 | 160.23 Cr. |
Objects of the Issue
- Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company;
- Capital expenditure towards the purchase of equipment;
- Funding the working capital requirements; and
- General corporate purposes;
IPO Lead Managers aka Merchant Bankers
- Indorient Financial Services Limited
