• Issue Size: It provides a fresh issue size of 43,00,200 equity shares , each with a face value of Rs. 5.

• Price Range:The range of prices for each equity share is set from Rs.178 - 181 per share.
• Issue Type: The IPO is a 100% book built issue type.
• Lot size: It is providing a lot size of 600. 
• Subscription date: The issue period begins from March 21^st 2025 and ends on March 25^th 2025.
• Listing Date: The IPO is going to be listed on March 28^th 2025.
• Stock Exchange: The IPO is going to be listed on NSE (SME).

The Company vide this IPO seeks to utilize the net proceeds towards repayment of loans, capital for working requirements, purchase of construction equipment and for general corporate purposes.

The table below (in lakhs) stipulates the restated Financial Information of the company over the last 3 fiscal years and up-till September 30, 2024.

India is experiencing drastic infrastructure developments due to the increasing urbanization leading to more roads, highways, drainage, better irritation systems, commercial spaces and private real estate etc along with many government initiatives and foreign investments.

The market is constantly growing as there are many commercial spaces being constructed and urbanization being undertaken by private and government parties. The construction industry contributes 9% towards the country’s GDP and was valued at USD 639 billion in the present year and is further expected to grow at CAGR 6%.

The ministry of urban affairs under the Government of India has projected 70% contribution in urbanization by 2030 along with government schemes implemented like Bharatmala Pariyojana, Pradhan Mantri Awas Yojana that has built more than 80 lakhs homes as of 2024 etc.

The Indian Construction market is set to become the third largest construction market in the world and is expected to grow at CAGR 7-8 % and reach USD 1.4 trillion by 2025. 

• The company is in the infrastructure and construction of commercial project segment where it provides services like construction of roads (including bridges), flyovers, water supply systems, irrigation projects, shopping malls, office spaces etc.

• It has recently completed a big project called Riaan Tower Project in Nagpur and has procured many big projects from NHAI under its subsidiary Digvijay Shradha Infrastructure Private Limited worth Rs. 7,000 Lakhs/-, Tourism infrastructure developments from Tripura Tourism Development Corporation Ltd and irrigation projects from Madhya Pradesh Jal Nigam Maryadit. etc.
• The company has a strong team of professionals and promoters and has shown impressive financial increasing its profits after tax from Rs. 8.75 lakh in 2022 to Rs. 1,044.55 lakhs in 2024 (with Rs. 555.19 lakhs ending on 30th September 2024)

• The company’s major revenue from operations is generated from the state of Maharashtra, Uttar Pradesh and Madhya Pradesh. Any political, natural, economic or demographically changes in these states could adversely effect the business operations and financial conditions of the company.

• The company largely depends on contractual work awarded by government or government owned customers, any changes in the assignment of work by these government entities may adversely affect the business operations and financial conditions.
• The company’s project is subject to constant risks which may amount to additional costs if it cannot complete a project meeting specific requirements.
• The company is required to furnish bank guarantees every time it procures new contracts, failure to meet the capital to furnish these bank guarantees may adversely affect the business operations and financial conditions.
• The company has entered into a joint-venture agreement with another party for execution of project, any non-compliance with the terms of the agreement may adversely affect the business operations and financial conditions.

The construction industry is blooming with the rapid development being under taken by government and private entities along with a lot of foreign investments and expansions.

India is on the path to become the the third largest construction market in the world and is projected to reach USD 1.4 trillion by 2025. 

The company has show impressive financial growth for the last three fiscal years and has procured many big government construction and infrastructure projects but it also faces many competitions and big players in this line of industry as well and potential investors should outline the risks given in the RHP prospectus before investing.

The company with the help of this Initial Public Offering (IPO) aims to raise capital to repay its debts, meet working capital, purchase new equipment and for general corporate purposes.

It has shown healthy profits and operates in the industry that has potential growth further. However, the company is also subject certain risks which investors should outline before investing.