Gurgaon-based RKCPL plans ₹1,250 crore IPO
Business
RKCPL, a Gurgaon-based construction company, is planning to raise ₹1,250 crore through an IPO. The draft was just filed this week (September 24).
The offer includes new shares worth ₹700 crore and another ₹550 crore from promoters selling some of their stake.
Competing with big names like GR Infra Projects
Beyond the IPO, RKCPL also aims for a pre-IPO round to bring in an extra ₹140 crore.
They'll use the funds for buying construction gear, boosting working capital, and paying down debt (which stood at over ₹2,175 crore as of July).
Founded in 2013 and competing with big names like GR Infra Projects, RKCPL reported a profit of about ₹165 crore on revenue of ₹1,271 crore for FY25.