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High capex, weak cash flows drag Infra.Market deeper into debt as it gears up for IPO

VCCircle

VCCircle · 1m ago

High capex, weak cash flows drag Infra.Market deeper into debt as it gears up for IPO

Infra.Market, a construction materials marketplace, is facing challenges as it prepares for an IPO. The company's business expansion has led to increased capital expenditure and worsened cash flows, resulting in higher debt. This financial strain, characterized by high capex and deteriorating cash flows, could raise concerns about the company's overall financial health during the period leading up to March 2025, according to insights gathered by VCCircle.

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Related News

India Ratings downgrades Infra.Market; company plans to raise Rs 2,500 crore via IPO - The Economic Times

Economic Times

Economic Times · 19d ago

India Ratings downgrades Infra.Market; company plans to raise Rs 2,500 crore via IPO - The Economic Times

Infra.Market plans a Rs 2,500 crore IPO but faces a downgrade from India Ratings due to debt refinancing concerns and negative cash flow. While the company reports improved financials and equity infusions, reliance on refinancing is highlighted. Acuité Ratings gives a stable outlook, acknowledging revenue growth but noting high debt. Despite reported financial improvements, India Ratings cites liquidity pressures and stretched receivables, particularly in its Singapore subsidiary.

In a Conservative Pitch to Investors, Afcons says focus on high-margin EPC biz

Livemint

Livemint · 1y ago

In a Conservative Pitch to Investors, Afcons says focus on high-margin EPC biz

Shapoorji Pallonji Group's subsidiary, Afcons, is taking a conservative approach ahead of its upcoming IPO. The company, which specializes in high-margin engineering, procurement, and construction (EPC) projects, has seen steady revenue growth and healthy cash flows by focusing on technologically complex projects with low competition. Unlike its peers, Afcons will not diversify into other industries but is open to diversification within the EPC sector. With an order book of INR 32,556 crore ($4.36 billion) and a significant portion of government contracts, the company sees ample business opportunities in the infrastructure EPC segment. Afcons plans to raise INR 7,000 crore ($938 million) through the IPO, with a portion allocated for debt repayment and working capital.

Infra.Market gears up for IPO of subsidiary RDC Concrete by divesting 10% stake for $20 Mn

Inc42 · 1y ago

Infra.Market gears up for IPO of subsidiary RDC Concrete by divesting 10% stake for $20 Mn

Construction marketplace Infra.Market has sold a 10% stake in RDC Concrete to public market investors, including investor Ashish Kacholia, for approximately $20 million. The divestment is seen as paving the way for RDC Concrete's imminent initial public offering (IPO). Infra.Market acquired RDC Concrete in 2021 for $90 million, and the recent transaction values the company at $225 million. With plans to grow from 100 to 180 ready-mix concrete plants by the end of FY25, Infra.Market aims to capitalize on opportunities in India's construction industry. The company reported consolidated net profit surging 6X to INR 185.9 crore in FY22.

Peek at Tiger Global-backed Infra.Market's game plan as it gears up for $1-bn IPO

VCCircle

VCCircle · 3m ago

Peek at Tiger Global-backed Infra.Market's game plan as it gears up for $1-bn IPO

Infra.Market, a Tiger Global-backed company, is preparing for a $1 billion IPO. The firm aims to significantly enhance its private label offerings and escalate sales to the direct-to-retail sector. After surpassing the $2 billion revenue mark last year, Infra.Market targets nearly a 40% revenue increase in the next two years. Co-founders Aaditya Sharda and Souvik Sengupta are focused on strategic growth as the company advances its market position.

Tiger Global-backed Infra.Market in talks for fresh funding to reduce debt

VCCircle

VCCircle · 1y ago

Tiger Global-backed Infra.Market in talks for fresh funding to reduce debt

Infra.Market, the B2B construction material marketplace, is in talks to raise new funding in order to reduce its debt. The company, backed by Tiger Global and Accel, is planning to sell a stake in one of its subsidiaries, possibly in a pre-IPO round. Infra.Market operates under the umbrella of Hella Infra Market and is seeking investment from new institutional investors.

Infra.Market, Innoven, ICICI Venture, and Greenko founders in news

VCCircle

VCCircle · 3m ago

Infra.Market, Innoven, ICICI Venture, and Greenko founders in news

Venture debt backers of building material marketplace Infra.Market are looking to sell a stake worth up to $30 million in a secondary transaction prior to an IPO, according to reports. This involves Innoven Capital, Strides Ventures, and Trifecta Capital, which together hold approximately 1.5% of the company. Infra.Market founders Aaditya Sharda and Souvik Sengupta are also noted for their involvement in the business.

Government mulls better flexibility for strategic foreign investment

VCCircle

VCCircle · 8m ago

Government mulls better flexibility for strategic foreign investment

The Indian government is considering measures to allow strategic foreign investors more flexibility in buying stakes in Indian companies, as offshore investment has reached a five-year low. The government is contemplating the option of allowing foreign investments through a combination of equity and debt, which is currently not permitted. This potential move would further liberalize the nation's capital market and foreign capital flows. The goal is to attract more foreign direct investment into India, which has remained weak in recent years despite a growing economy.

Tata Motors says demerger will allow all businesses to unlock potential

Livemint

Livemint · 1y ago

Tata Motors says demerger will allow all businesses to unlock potential

Tata Motors plans to demerge into two separate commercial and passenger vehicle entities, allowing each to better utilize cash flows and focus on specific growth strategies. The commercial vehicles (CV) unit, responsible for significant cash generation, will have the ability to invest in its own strategic goals. The passenger vehicles (PV) business, which is becoming self-sustainable, aims to achieve 10% EBITDA margins across combustion engine and electric vehicle segments. The demerger is expected to take 12 months and gross debt will be split proportionally between the two new entities. Jaguar Land Rover will remain a subsidiary of the top company, with no current plans for its demerger.

Hero MotoCorp-backed Ather Energy may launch its IPO by mid-April

Business Today

Business Today · 4m ago

Hero MotoCorp-backed Ather Energy may launch its IPO by mid-April

Ather Energy, supported by Hero MotoCorp, plans to launch its IPO in mid-April, featuring a fresh share sale of Rs 3,100 crore and an offer for sale (OFS) of up to 2.2 crore equity shares. Valued at Rs 14,000-15,000 crore, the IPO is managed by Axis Capital, HSBC, JM Financial, and Nomura, and will list on BSE and NSE. Funds raised will support capex, debt repayment, and corporate needs.

Aris Infra Solutions raises Rs 80 crore in pre-IPO round

Economic Times

Economic Times · 5m ago

Aris Infra Solutions raises Rs 80 crore in pre-IPO round

Aris Infra, a construction material procurement platform, secured Rs 80 crore in a pre-IPO round led by Mukul Agrawal and others, with a post-money valuation of Rs 1,800 crore. The firm, leveraging AI and ML for supply chain efficiency, plans to use IPO proceeds to repay debt, boost working capital, and invest in its subsidiary. Backed by notable investors, ArisInfra serves clients like Tata Group and JSW, amidst industry competition from players like Infra.Market.

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