Ravi Infrabuild Projects Ltd. IPO Details
Ravi Infrabuild Projects was incorporated on February 26, 2009. The company is a leading infrastructure construction player with expertise in executing structural works such as flyovers, bridges, railways, highways, and expressways. Recognized as one of the fastest-growing engineering, procurement, and construction (EPC) companies among peers
| 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 |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹11,000.0 M | DRHP DOC |
Ravi Infrabuild Projects issue details
Ravi Infrabuild Projects IPO issue size is ₹ 11,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Ravi Infrabuild Projects 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 |
Ravi Infrabuild Projects NUMBER OF SHARES ON OFFER
Ravi Infrabuild Projects FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY25 | 81.9 | 1,027.6 | -240.3 | -240.3 | 15.2% |
| FY24 | 124.7 | 1,391.0 | -416.4 | -416.4 | 17.3% |
| FY23 | 104.1 | 1,016.2 | 49.5 | 49.5 | 17.6% |
| FY22 | 55.9 | 1,105.1 | -36.3 | -36.3 | 9.6% |
Ravi Infrabuild Projects INFORMATION ON IPO ISSUE
About Ravi Infrabuild Projects
Ravi Infrabuild Projects was incorporated on February 26, 2009. The company is a leading infrastructure construction player with expertise in executing structural works such as flyovers, bridges, railways, highways, and expressways. Recognized as one of the fastest-growing engineering, procurement, and construction (EPC) companies among peers
Object of the Issue
- Repayment/pre-payment, in full or part, of certain borrowings availed by the company
- Investment in the subsidiaries for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the subsidiaries
- Purchase of equipment
- General corporate purposes
Ravi Infrabuild Projects - PROMOTERS
| Name |
|---|
| Narayan Singh Rao |
| Dilip Singh Rao |
| Ravi Singh Rao |
Ravi Infrabuild Projects Book Running Lead Manager
Motilal Oswal Investment Advisors Limited
ripl.ipo@motilaloswal.com
Axis Capital Limited
raviinfra.ipo@axiscap.in
Ravi Infrabuild Projects Registrar to the Offer
MUFG Intime India Private Limited
raviinfrabuild.ipo@in.mpms.mufg.com
Ravi Infrabuild Projects Strengths
Long-term client relationships
The company has built enduring relationships with key clients such as the NHAI, MoRTH, and MPRDC, dating back to FY22, FY18, and FY09, respectively. These sustained partnerships reflect the company's focus on delivering quality, cost efficiency, and timely project execution
Diverse & timely execution
The company has completed over 90 infrastructure projects, including 13 engineering, procurement and construction (EPC) and six hybrid annuity model (HAM) projects across highways, expressways, and railways. With 12 ongoing projects and a construction record of over 4,400 lane kilometres, the company has demonstrated consistent execution across complex terrains
Strong financial record
The company has shown consistent financial growth supported by a robust and growing order book, which reflects visibility of future revenue and project pipeline. The unexecuted portion of its engineering, procurement and construction (EPC) contracts ensures sustained business momentum
Ravi Infrabuild Projects Risks
Government contract dependence
The company’s business heavily depends on contracts awarded by government authorities. As of December 31, 2024, over 79% of the total order book comes from central entities like NHAI, MoRTH, and NHLML. Any adverse policy change, contract termination, or restructuring by these entities could significantly impact the company’s business and financial performance
Bid-based project awards
The company secures all its projects through competitive bidding. Failure to pre-qualify or win bids could affect growth and revenue. Delays in project awards or mobilisation also impact financials. The company incurs unrecoverable bid preparation costs and faces uncertainties related to changing tender criteria, litigation from unsuccessful bidders
Labour dependency risk
The company’s operations are manpower intensive, relying on both permanent employees and contract labour. High attrition rates, labour shortages, disputes, regulatory changes, or delays in statutory payments can disrupt operations. Additionally, the company has limited experience in training new hires, which may affect execution capacity and scalability, especially during project ramp-ups
IPO FAQs
The promoters of the company are Narayan Singh Rao, Dilip Singh Rao and Ravi Singh Rao.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.