Gurgaon-based civil construction and infrastructure development company RKCPL has approached capital markets to raise funds up to Rs 1,250 crore via initial share sale.
The company plans to mobilise Rs 700 crore via fresh shares, while promoters Naresh Kumar, and Krishan Kumar Goyal will be selling their Rs 550-crore worth shares via offer-for-sale, as per the draft red herring prospectus filed on September 24.
As a part of fresh issue component, RKCPL intends to raise up to Rs 140 crore in pre-IPO round before the launching of public issue.
The company plans to spend Rs 130 crore of fresh issue proceeds for purchase of construction equipment, and Rs 200 crore for its working capital requirements.
Further, Rs 188 crore will be used for repaying of its certain borrowings as till July 2025, the total outstanding debt was Rs 2,175.8 crore, and the remaining amount for general corporate purposes.
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Incorporated in 2013, RKCPL that operates in construction of roads, flyovers, highways, drainage and canal systems has completed more than 80 projects and held order book of Rs 2,617.5 crore till July 2025.
It competes with several listed peers like Ceigall India, GR Infra Projects, HG Infra Engineering, KNR Constructions, PNC Infratech, J Kumar Infra, and Ashoka Buildcon which are bigger than the company in terms of topline.
The company has recorded profit at Rs 164.6 crore for the fiscal year ended March 2025, growing 4.9 percent compared to Rs 156.9 crore in previous year. Revenue during the same period soared 16.2 percent to Rs 1,270.7 crore, up from Rs 1,093.3 crore.
The merchant bankers managing the RKCPL IPO are Equirus Capital, and Anand Rathi Advisors.
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