Rahee Infratech Ltd. IPO Details
Rahee Infratech Ltd. was incorporated on January 30, 1996. The company is an integrated railway civil engineering, manufacturing, and construction firm in India. It specializes in manufacturing and construction services, including the design, supply, construction, and installation of tracks, turnkey bridge projects (substructure and superstructure), as well as the design and supply of turnouts, track devices, rail fastening systems, and sleepers
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 2.8 M | - | - | ₹4,200.0 M | DRHP DOC |
Rahee Infratech Ltd. issue details
Rahee Infratech Ltd. has 2.8 M shares on offer
Rahee Infratech Ltd. IPO issue size is ₹ 4,200.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Rahee Infratech Ltd. IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Rahee Infratech Ltd. NUMBER OF SHARES ON OFFER
Rahee Infratech Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 761.3 | 9,657.4 | 30.8 | -276.1 | 12.7% |
| FY23 | 521.2 | 7,858.2 | 278.1 | 62.7 | 12.8% |
| FY22 | 471.0 | 5,568.4 | 319.5 | 10.6 | 15.8% |
Rahee Infratech Ltd. INFORMATION ON IPO ISSUE
About Rahee Infratech Ltd.
Rahee Infratech Ltd. was incorporated on January 30, 1996. The company is an integrated railway civil engineering, manufacturing, and construction firm in India. It specializes in manufacturing and construction services, including the design, supply, construction, and installation of tracks, turnkey bridge projects (substructure and superstructure), as well as the design and supply of turnouts, track devices, rail fastening systems, and sleepers
Object of the Issue
- Capital expenditure requirements for the purchase of machinery, equipment, and vehicles
- Funding the working capital requirements of the company
- General corporate purposes
Rahee Infratech Ltd. - PROMOTERS
| Name |
|---|
| Pradeep Khaitan |
| Pawan Khaitan |
| Ravi Khaitan |
Rahee Infratech Ltd. Book Running Lead Manager
IIFL Securities Limited
raheeinfra.ipo@iiflcap.com
Equirus Capital Private Limited
raheeinfra.ipo@equirus.com
Rahee Infratech Ltd. Registrar to the Offer
KFin Technologies Limited
raheeinfratech.ipo@kfintech.com
Rahee Infratech Ltd. Strengths
Integrated construction and manufacturing capabilities
The company operates its construction and manufacturing businesses in an integrated manner, developing in-house competencies to deliver projects from conceptualization to completion. Its backward integration includes a design and engineering team, manufacturing facilities for track products, and structural steel fabrication capabilities
Strong customer relationships and order book
The company has built long-term relationships with customers, supplying products and services for many years. These relationships are driven by its ability to meet strict quality and technical specifications, develop efficient processes, and provide timely and cost-effective design, manufacturing, and construction solutions
Focuses on railway infrastructure sector
The company is focused on strengthening its market position in India's railway infrastructure sector by executing existing projects and expanding its portfolio of 240 projects. It will prioritize bridge and track works while exploring new areas, such as Metro Rail viaducts. Leveraging its steel fabrication expertise, the company has successfully expanded into turnkey bridge and track construction
Rahee Infratech Ltd. Risks
Reliance on railroad infrastructure projects
The company's business and revenues rely heavily on railroad infrastructure projects from government authorities and public sector undertakings, with 77.3% of FY24 revenue coming from these sources. Changes in government policies or project restructuring could negatively impact the business. Additionally, revenue from government contracts may experience delays and longer working capital cycles, adversely affecting overall operations
Manufacturing operations
The company relies on its manufacturing facilities and faces risks related to the use of heavy machinery in its operations. Any slowdown or shutdown in manufacturing could adversely affect the business, cash flows, financial condition, and overall results
Dependent on limited suppliers
Increases in prices, availability, or quality could negatively impact the company's reputation, business operations, financial condition, and cash flows. Additionally, reliance on a limited number of suppliers means that losing any of them could adversely affect the company's performance and financial stability
IPO FAQs
The promoters of the company are Pradeep Khaitan, Pawan Khaitan and Ravi Khaitan.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.