• Issue Size: It provides a fresh issue size of 20,50,000 equity shares, each with a face value of Rs. 10.

• Price Range: The range of prices for each equity share is set from Rs.147 - 150 per share.
• Issue Type: The IPO is a 100% book-built issue type.
• Lot size: It is providing a lot size of 1000. 
• Subscription date: The issue period begins on March 24th 2025 and ends on March 26th 2025.
• Listing Date: The IPO is going to be listed on April 1st 2025.
• Stock Exchange: The IPO is going to be listed on BSE (SME).

The Company vide this IPO seeks to utilize the net proceeds to set up a corporate office in Surat, Gujarat,  meet capital for working requirements, purchase new machinery, 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’s infrastructure sector is significant contributor towards its economy. The sector includes power, energy, bridges, dams, roads, and urban infrastructure like townships, housing, built-up infrastructure, and commercial spaces, etc.

There has been a constant rise in urbanization and infra-developments in the country. The country saw a 37% increase in infrastructure growth in the current fiscal year and aims to reach a US$ 5 trillion economy by 2025. The oil and gas industry is also one of the key sectors of this country’s economy while the central government has initiated the National Infrastructure Pipeline (NIP) combined with other initiatives such as ‘Make in India’ to promote this sector. 

The NIP has currently finished 9,142 projects across 34 sub-sections. The Natural Gas consumption is projected to increase at a CAGR of 12.2% from 174 MCMPD in 2021 to 550 MCMPD by 2030 and is further planning to double its oil refining capacity to 450-500 million tonnes by 2030.

The country’s energy demand is also projected to increase by twofold by 2030.

• The company is in the business that primarily deals with all kinds of  constructing, commissioning, erecting, and maintaining city gas distribution projects of Piped Natural Gas (PNG) and also additionally undertakes other projects related to power and water distribution.

• The company has since inception developed considerable experience in this sector and has successfully accomplished many projects across the states of Gujarat, Haryana, Uttar Pradesh, and Punjab.
• The company has shown impressive financial growth over the last three fiscal years increasing its profit after tax from Rs. 82.51 Lakh in 2022 to Rs. 345.80 lakh in 2024 (with Rs, 338.07 lakhs for the 6 months that ended on 30.09.2024).
• The company aims to expand its service portfolio and enhance its market presence to become a prominent player in this sector. 

The infrastructure and the gas industry are growing with the rapid urbanization taking place. India is on the path to becoming the third-largest construction market in the world which would automatically affect the growth of consumption of gas, power, and energy.

The company has shown impressive financial growth for the last three fiscal years and has many ongoing projects for many government PSUs and other private parties. It also faces certain risks in this line of the industry as well and potential investors should analyze the risks given in the RHP prospectus before investing.

The company with the help of this Initial Public Offering (IPO) aims to set up a corporate office in Surat, Gujarat, meet capital to purchase new machinery, and for other general corporate purposes.

It has shown impressive financial growth over the last three fiscal years but is also subject to certain risks that investors should carefully outline before investing.