Infra.Market Kicks Off Rs 5,000 Crore IPO, Aiming to List on Indian Stock Exchanges
Infra.Market, a prominent player in India's construction materials sector, has kicked off the process for a Rs 5,000 crore initial public offering (IPO). The company has filed through the confidential pre-filing route, aiming to list on Indian stock exchanges.
Infra.Market is the second-largest player in ready-mix concrete by revenue and holds the top position in AAC blocks and flooring tiles by capacity. The company offers a wide range of construction materials, including concrete, steel, tiles, paints, and electricals, providing end-to-end solutions to its clients.
The founders' combined stake in the company stands at around 30 percent, classifying them as promoters. The IPO plan follows recent debt financing rounds, including a $150 million deal in June 2023. The latest funding round in September 2023 raised Rs 730 crore, valuing the company at Rs 24,600 crore.
Infra.Market's financials for FY25 show strong performance with revenue of Rs 18,000 crore, EBITDA of Rs 1,500 crore, and profit after tax of Rs 300 crore. The company operates through a vast network of over 250 manufacturing units and 10,000 retail touchpoints, serving both institutional and retail clients. In FY24, the company reported revenue of Rs 14,530 crore and profit after tax of Rs 378 crore.
The IPO, expected to be split evenly between fresh equity and an offer for sale by existing investors, will provide an opportunity for the public to invest in Infra.Market. The company's strong financial performance and dominant market position make it an attractive prospect for investors on the stock market today.
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