Gujarat-based construction company Krishna Buildspace has filed preliminary papers with the Securities and Exchange Board of India (SEBI) to raise funds for its capital expenditure and working capital requirements.
The Initial Public Offering (IPO) consists of a fresh issue of 90 lakh shares and an offer for sale of 9 lakh shares by Mohanbhai Chanabhai Sorathiya and Jayantibhai Chanabhai Sorathiya.
Incorporated in 1995, the contracting and building services provider has executed 82 projects covering 2.30 million square feet of constructed area, with a total project value of Rs 639.2 crore, over the last decade.
As of December 2025, the company has 19 ongoing projects across eight States and two Union Territories, with an unexecuted contract value of Rs 524.1 crore.
Krishna Buildspace plans to utilise Rs 80 crore from the fresh issue proceeds for working capital requirements, Rs 5.2 crore for capital expenditure toward the purchase of equipment and machinery, and the remaining funds for general corporate purposes.
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On the financial front, the company reported a profit of Rs 15.1 crore for the year ended March 2025, representing a growth of 33.6 percent from Rs 11.3 crore in the previous year. Revenue during the same period increased by 6.5 percent to Rs 183.3 crore from Rs 172 crore.
Profit for the six months ended September 2025 stood at Rs 8.8 crore on revenue of Rs 96 crore.
The merchant banker managing the Krishna Buildspace IPO is Mefcom Capital Markets.
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