Laxyo Infrastructure has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), signalling its intent to raise ₹150 crore through an initial public offering (IPO). The issue is structured entirely as a fresh equity offering, with no offer-for-sale component.
IPO Structure and Fund Utilisation
The proposed IPO will comprise only fresh shares, indicating that the proceeds will be directed toward business operations and balance sheet strengthening.
A significant portion—₹70 crore—has been earmarked for the repayment of existing borrowings. As of March 15, 2026, the company’s total debt stood at ₹121.7 crore, including ₹86.6 crore in fund-based liabilities.
Additionally:
- ₹9.7 crore will be allocated for the purchase of equipment
- ₹23 crore will be utilised to meet working capital requirements
- The remaining funds will be used for general corporate purposes
Pre-IPO Placement Option
Laxyo Infrastructure may also explore raising up to ₹30 crore through a pre-IPO placement. This would form part of the overall fresh issue and is intended to strengthen the company’s financial position ahead of the public offering.
Financial Performance
The company has reported steady growth in its financials. For the financial year ending March 2025, it posted a net profit of ₹11.6 crore, nearly doubling from ₹6.3 crore in the previous year.
Revenue for the same period grew by 21.1% to ₹211.1 crore, compared to ₹174.3 crore a year earlier.
For the first half of the current financial year, the company recorded a profit of ₹6.2 crore on revenue of ₹110.7 crore, indicating continued operational momentum.
Business Overview
Based in Madhya Pradesh, Laxyo Infrastructure operates in the railway EPC segment, providing engineering, procurement, and construction services. The company’s focus remains on infrastructure development projects, particularly within the railways sector.
Summary
Laxyo Infrastructure has filed its DRHP with Securities and Exchange Board of India to raise ₹150 crore via a fully fresh IPO. The proceeds will primarily be used for debt reduction, capital expenditure, and working capital needs. The company has demonstrated consistent financial growth and may also consider a ₹30 crore pre-IPO placement as part of its capital-raising strategy.
Disclaimer:
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