Infra.Markets Kicks Off Talks With Investment Bankers For $300 Mn To $400 Mn IPO

Infra.Markets Kicks Off Talks With Investment Bankers For $300 Mn To $400 Mn IPO

SUMMARY

The startup is looking to appoint a syndicate of four to five investment banks to helm the public offering, that will include a fresh issue of shares as well as secondary share sale

The proceeds from the public issue will largely be utilised to repay the debt incurred for the startup’s organic and inorganic growth initiatives

Infra.Market’s operating revenue soared 90% YoY to INR 11,846.5 Cr in FY23, while net profit declined 17% to INR 155.2 Cr

Setting its initial public offering (IPO) plans in motion, B2B ecommerce platform Infra.Market has reportedly kicked off discussions with investment banks for its public listing. 

The startup is looking to appoint a syndicate of four to five investment banks to helm the $300 Mn to $400 Mn public offering, Moneycontrol reported, citing sources. 

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