Latest news with #RaviInfrabuildProjectsLimited
Hans India
09-05-2025
- Business
- Hans India
IPO-bound Ravi Infrabuild clocks over 10 pc net profit dip in FY24 as expenses rise
Mumbai: Infrastructure firm Ravi Infrabuild Projects Limited, which is preparing to launch an initial public offering (IPO) to raise up to Rs 1,100 crore, has reported a decline in net profit for the financial year 2023-24 (FY24), even as its income and revenue saw growth. According to financial data available on the company's official website, the firm's net profit fell by 10.46 per cent, dropping from Rs 98.49 crore in FY23 to Rs 88.19 crore in FY24. The dip in profitability came despite a 32.68 per cent increase in revenue from operations, which rose to Rs 1,285.16 crore in FY24 from Rs 968.58 crore the previous financial year. The company's total income also climbed by 33.01 per cent year-on-year (YoY), reaching Rs 1,303.89 crore. However, this growth in income was accompanied by a sharp rise in total expenses, which increased by 31.99 per cent to Rs 1,129.16 crore in FY24, up from Rs 855.53 crore in FY23. Among the major cost drivers were a 53.49 per cent rise in employee benefits expense, which grew to Rs 62.79 crore, and a 70.21 per cent increase in depreciation and amortisation, which stood at Rs 31.25 crore in FY24. Additionally, the cost of materials consumed jumped by 47.21 per cent, rising from Rs 318.19 crore in FY23 to Rs 468.38 crore in FY24. The Udaipur-based company, known for its work in highways, ropeways and railway infrastructure, has filed its draft red herring prospectus with market regulator SEBI to raise Rs 1,100 crore through a fresh issue IPO. There will be no offer-for-sale (OFS) component, and the proceeds will be used to purchase equipment, invest in subsidiaries, repay debt, and for general corporate purposes. The company is led by promoters Narayan Singh Rao, Dilip Singh Rao, and Ravi Singh Rao, who together hold 84 per cent of the pre-issue equity share capital. Ravi Infrabuild has executed projects for the National Highways Authority of India (NHAI), the Ministry of Road Transport and Highways, and several state governments.
Mint
09-05-2025
- Business
- Mint
IPO Watch: Ravi Infrabuild Projects files draft papers with SEBI for ₹1,100 crore issue
IPO Watch: Ravi Infrabuild Projects Limited has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). The firm, which is involved in integrated civil construction with a focus on roads, bridges, tunnels, and related infrastructure, intends to raise up to ₹ 1,100 crore through its public offering. It operates through various models, including EPC (Engineering, Procurement, and Construction) and hybrid annuity frameworks, managing a portfolio that encompasses projects under Bharatmala Pariyojna, NHAI, IRCTC, MoRTH, and several State Governments. The company has built a strong presence in numerous Indian states, such as Rajasthan, Madhya Pradesh, Maharashtra, and Uttar Pradesh. As per the DRHP, the company's listed peers are PNC Infratech Ltd (with a P/E of 7.45), G R Infraprojects Ltd (with a P/E of 7.81), H.G. Infra Engineering Ltd (with a P/E of 13.67), KNR Constructions Ltd (with a P/E of 8.00), J Kumar Infraprojects Ltd (with a P/E of 14.88), Ceigall India Ltd (with a P/E of 13.74), and Ashoka Buildcon Ltd (with a P/E of 10.28). As of December 31, 2024, and March 31 for both 2024 and 2023, along with March 31, 2022, the total order book stood at ₹ 3,092 crore, ₹ 2,396 crore, ₹ 1,782 crore, and ₹ 1,603 crore, respectively, reflecting a compound annual growth rate (CAGR) of 22.26% from March 31, 2022, to March 31, 2024. The IPO includes a fresh issuance of equity shares totaling up to ₹ 1,100 crore at a face value of ₹ 10 each. There is no component for Offer for Sale (OFS) included in this issuance. The net proceeds from the offering are intended to be used for acquiring new equipment, investing in subsidiaries for settling outstanding debts, repaying specific borrowings, and covering general corporate expenses. Motilal Oswal Investment Advisors Limited along with Axis Capital Limited serve as the Book Running Lead Managers (BRLMs) for the offering.
Mint
09-05-2025
- Business
- Mint
IPO Watch: Ravi Infrabuild Projects files draft papers with SEBI for ₹1,100 crore issue
IPO Watch: Ravi Infrabuild Projects Limited has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). The firm, which is involved in integrated civil construction with a focus on roads, bridges, tunnels, and related infrastructure, intends to raise up to ₹ 1,100 crore through its public offering. It operates through various models, including EPC (Engineering, Procurement, and Construction) and hybrid annuity frameworks, managing a portfolio that encompasses projects under Bharatmala Pariyojna, NHAI, IRCTC, MoRTH, and several State Governments. The company has built a strong presence in numerous Indian states, such as Rajasthan, Madhya Pradesh, Maharashtra, and Uttar Pradesh. As per the DRHP, the company's listed peers are PNC Infratech Ltd (with a P/E of 7.45), G R Infraprojects Ltd (with a P/E of 7.81), H.G. Infra Engineering Ltd (with a P/E of 13.67), KNR Constructions Ltd (with a P/E of 8.00), J Kumar Infraprojects Ltd (with a P/E of 14.88), Ceigall India Ltd (with a P/E of 13.74), and Ashoka Buildcon Ltd (with a P/E of 10.28). As of December 31, 2024, and March 31 for both 2024 and 2023, along with March 31, 2022, the total order book stood at ₹ 3,092 crore, ₹ 2,396 crore, ₹ 1,782 crore, and ₹ 1,603 crore, respectively, reflecting a compound annual growth rate (CAGR) of 22.26% from March 31, 2022, to March 31, 2024. The IPO includes a fresh issuance of equity shares totaling up to ₹ 1,100 crore at a face value of ₹ 10 each. There is no component for Offer for Sale (OFS) included in this issuance. The net proceeds from the offering are intended to be used for acquiring new equipment, investing in subsidiaries for settling outstanding debts, repaying specific borrowings, and covering general corporate expenses. Motilal Oswal Investment Advisors Limited along with Axis Capital Limited serve as the Book Running Lead Managers (BRLMs) for the offering. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Economic Times
09-05-2025
- Business
- Economic Times
Ravi Infrabuild Projects files draft papers with Sebi to raise Rs 1,100 cr through IPO
Ravi Infrabuild Projects Limited plans to raise Rs 1,100 crore through an IPO. The company has filed papers with SEBI for approval. The IPO consists of a fresh issue of equity shares. Funds will be used for equipment purchase and debt payment. The construction company focuses on roads, highways, and bridges. Their order book stands at Rs 3,092 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Construction company Ravi Infrabuild Projects Ltd has filed preliminary papers with markets regulator Sebi seeking its approval to raise Rs 1,100 crore through an initial public offering (IPO). The proposed IPO is entirely a fresh issue of equity shares with no Offer-for-Sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on of the issue will be utilised for the purchase of new equipment, investment in the subsidiaries for payment of debt, and for general corporate Infrabuild Project is a civil construction company engaged in the development of roads, highways, bridges, flyovers, and tunnels primarily for public sector clients. With more than two decades of experience, the company has presence across multiple Indian states, including Rajasthan, Madhya Pradesh, Maharashtra, and Uttar company operates across multiple modes including EPC (Engineering, Procurement, and Construction) and hybrid annuity models, with a portfolio that includes projects under Bharatmala Pariyojna, NHAI, IRCTC, MoRTH, and various state company's total order book stood at Rs 3,092 crore as on December 31, 2024. Motilal Oswal Investment Advisors Ltd and Axis Capital Ltd are the book running lead managers to the equity shares are proposed to be listed on the BSE and NSE.
