Ravi Infrabuild Projects Limited has submitted its DRHP Draft Red Herring Prospectus to the market regulator SEBI, intending to raise funds of ₹1100 crore through an IPO Initial Public Offering.
The IPO comprises entirely a fresh issue of ₹1100 crore with no Offer-for-Sale component.
The proceeds of ₹290 raised from the fresh issue will be used for the repayment of the existing debt taken by the company. The Funds of ₹335 crore will be utilized to repay the debt for its subsidiary. While ₹252 crore will be used to buy equipment to support business operations. The company has a total borrowing of ₹1158 crore as of March 2025.
The book-running lead managers of the IPO are Motilal Oswal Investment Advisors and Axis Capital. While the registrar of the issue is MUFG Intime India Private Limited. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Incorporated in 2009, Ravi Infrabuild Projects Limited is one of the growing engineering, procurement, and construction (“EPC”) companies involved in infrastructure construction projects, which consists designing flyovers, bridges, railways, highways, expressways, and providing quality projects. The company is engaged in the design and construction of highways and expressways through EPC contracts. As well as they also develop road and bridge projects under the Hybrid Annuity Model (HAM). As of December 31, 2024, Ravi Infrabuild has completed over 90 projects in highways, expressways, railways, and a 12 ongoing projects that target highway and expressway projects through EPC, HAM, and BoQ models, as well as railway and ropeway projects.
In FY23- 24, the company generated a revenue of ₹1,390.99 crore from operations. The profit After Tax (PAT) surged to ₹124.72 crore compared to ₹104.07 crore last year.
Ravi Infrabuild Projects IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Ravi Infrabuild Projects Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹1109.36 | ₹1036.57 | ₹55.88 |
| 2023 | ₹1026.16 | ₹883.91 | ₹104.07 |
| 2024 | ₹1407.00 | ₹1183.33 | ₹124.72 |
| December 2024 | ₹1086.07 | ₹974.98 | ₹81.88 |
Ravi Infrabuild Projects IPO Valuation – FY2024
Ravi Infrabuild Projects 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): | ₹16.63 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 28.10% |
| Net Asset Value (NAV): | ₹177.56 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| PNC Infratech Limited | 35.45 | 7.45 | 17.54 | 202.14 | 8649.87 Cr. |
| G R Infraprojects Limited | 136.90 | 7.81 | 17.40 | 786.18 | 8980.15 Cr. |
| H.G. Infra Engineering Limited | 82.64 | 13.67 | 21.94 | 376.54 | 5378.48 Cr. |
| KNR Constructions Limited | 27.64 | 8.00 | 21.51 | 124.38 | 4429.49 Cr. |
| J Kumar Infraprojects Limited | 43.71 | 14.88 | 12.43 | 349.29 | 4879.21 Cr. |
| Ceigall India Limited | 19.37 | 13.74 | 33.57 | 57.68 | 3029.35 Cr. |
| Ashoka Buildcon Limited | 17.92 | 10.28 | 21.50 | 86.38 | 9798.46 Cr. |
Objects of the Issue
- repayment/pre-payment, in full or part, of certain borrowings availed by our Company;
- investment in our Subsidiaries for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Subsidiaries;
- purchase of equipment; and
- general corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- Axis Capital Limited
