J Infratech recordsdata IPO papers; eyes Rs 600 cr by way of contemporary situation
Aside from the contemporary situation, the corporate’s proposed IPO contains an supply on the market (OFS) of 1 crore fairness shares by promoters, in keeping with the draft purple herring prospectus (DRHP) filed on Friday.
The Haryana-based firm might also contemplate a pre-IPO placement of as much as Rs 120 crore. In case the position is accomplished, the scale of the contemporary situation might be decreased accordingly.
The proceeds from the IPO will primarily be utilised to fulfill working capital necessities, repay or pre-pay sure borrowings and for normal company functions.
J Infratech is an built-in infrastructure engineering, procurement and development (EPC) firm centered on roads, highways and bridges, with expertise in executing large-scale street growth tasks involving specialised buildings throughout India.
The corporate commenced operations in 2005 by its partnership agency, Jandu Building Co, which was subsequently transformed into J Infratech in 2019.
As of July 31, 2026, the corporate had accomplished 35 tasks and was executing 46 tasks throughout 16 states and three Union Territories.The fairness shares proposed to be provided by the IPO are proposed to be listed on each BSE and NSE.
Systematix Company Companies is the book-running lead supervisor to the problem, and KFin Applied sciences is the registrar to the supply.
