Pune: Infra.Market, backed by global investors Accel and Tiger Global, has confidentially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), according to market sources familiar with the development.
The move marks a key step towards the company’s planned public offering.
Infra.Market DRHP Filed Under SEBI’s Confidential Route
The Infra.Market DRHP has been filed through SEBI’s confidential or “pre-filing” mechanism, as permitted under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This framework enables companies to privately submit draft offer documents for review before making them publicly available.
According to people aware of the matter, Infra.Market is seeking to raise between ₹4,500 crore and ₹5,000 crore through a combination of a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders.
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Leading Investment Banks Appointed for Infra.Market DRHP
Kotak Investment Banking, HSBC, and Goldman Sachs have been appointed as merchant bankers for the upcoming issue, sources revealed. However, the company’s spokesperson declined to share further details or specify a timeline for the IPO launch.
Infra.Market’s Recent Fundraise Strengthens Balance Sheet
Ahead of its proposed IPO, Infra.Market recently raised ₹730 crore in a Series G funding round, which enhanced its financial strength. The round reportedly valued the company at ₹24,600 crore ($2.8 billion), according to media reports.
Infra.Market DRHP: Scaling India’s Construction Value Chain
Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market has emerged as one of India’s fastest-growing construction and building materials platforms.
The company provides integrated solutions across the entire construction value chain, leveraging technology and scale to improve procurement efficiency and product quality.
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Infra.Market currently operates over 250 manufacturing units and a vast distribution network of more than 10,000 retail touchpoints across India. The company also holds strategic investments in RDC Concrete, Shalimar Paints, Emcer, Millennium Tiles, and Amstrad.
Offering more than 15 product categories – including Concrete, Steel, Walling Solutions, Aggregates, MDF, Plywood, Tiles, Paints, Modular Kitchens, Electricals, and Consumer Durables—Infra.Market continues to expand its product portfolio to serve diverse infrastructure and construction needs nationwide.
