Infra.Market Files Rs 5,000 Cr IPO as Indian Infrastructure Market Booms
Infra.Market, a prominent Indian infrastructure and construction materials marketplace, has filed for an initial public offering (IPO) worth Rs 5,000 crore (around $564 million). The IPO is expected to be a 50:50 split between an offer-for-share (OFS) and a primary issue, indicating significant growth opportunities for the company in the stock market today.
Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market operates across more than 15 categories, demonstrating its diverse offerings in the Indian stock market. The company has raised substantial funds to support its growth, including $121 million and $50 million in fundraisers led by Tiger Global earlier this year. Notably, Accel also participated in the latest funding round, which raised approximately 7.32 billion Indian rupees (around $82.42 million) from promoters and existing investors just weeks prior to the IPO filing.
Infra.Market's financial performance in the financial year 2025 reflects its robust growth in the stock market today. The company clocked revenues of about Rs 18,000 crore, EBITDA of Rs 1,500 crore, and a profit after tax of Rs 300 crore. However, its net debt surged nearly 40% year-on-year to Rs 4,370 crore as of March 2025, indicating increased investment in expansion in the Indian stock market.
Infra.Market's IPO follows a trend of Indian startups opting for SEBI's confidential pre-filing route, with companies like Shiprocket, Turtlemint, Groww, Meesho, boAt, Shadowfax, and PhysicsWallah having done the same. With a strong financial track record and significant investor backing, Infra.Market's IPO is anticipated to be well-received, further cementing its position in the Indian infrastructure market in the stock market today.
Read also:
- Web3 gaming platform, Pixelverse, debuts on Base and Farcaster networks
- Cannabis-Focused CTV Channel Citizen Green Launches for Global Streamers
- Goodyear in 2025: Advancement in Total Mobility through the Launch of Kmax Gen-3 by Goodyear
- Boston Metal pioneers route to commercial production for eco-friendly steel method