Kolkata-based Rahee Infratech Limited, a leading railway civil engineering and construction firm, has filed its draft red herring prospectus (DRHP) with SEBI for a Rs 420 crore IPO. The offering will also involve promoter divestment of up to 2.7 million equity shares.
The company may pursue an additional Rs 84 crore via a pre-IPO placement. The raised capital will fund various needs, including Rs 50 crore for machinery, Rs 280 crore for working capital, and other corporate uses.
Rahee Infratech’s order book is valued at Rs 2,296 crore, with projects across 18 states and active metro construction, including the Mumbai and Surat Metro.
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Source: Moneycontrol
News Desk
