The proposed IPO will be a combination of new issues and sales of the stock by existing shareholders, they added.
Filing has been done under the confidential or pre-filing route of Sebi, which allows companies to privately share draft offer documents with the regulator before announcing the draft papers.
When asked, a spokesman for the company refused to disclose any details or time of the IPO.
To manage the offer, the company has appointed Kotak Mahindra Capital as its merchant bankers, Goldum Sach NSS SH, IIFL Capital, HSBC, Jefferies, ICICI Securities and Motilal Oswal Financial Services.
Living events
Filing comes at a time when the Indian market is experiencing a boom in primary market activity, despite the widespread equity market. In 2025, a total of 77 companies have already tapped the mainboard market via IPO, and many big issues are in line for this month.
Recently, Infra.Market Series G Funding Round was Rs. 730 crore has been raised.
Founded by Sovik Sengupta and Aditya Sharda in 2016, Infra.market is a construction material supply firm providing a construction value of the end in a construction value chain. The platform delivers 15 product categories, including concrete, ving gender solutions, steel, pipes and fittings, MDF, plywood, laminates, tiles, paints, modular kitchens, electricals, appliances and consumer durables.
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