Infra.Market IPO Upcoming
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About Infra.Market
Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market is a technology-enabled building materials platform that has rapidly grown, and serves major infrastructure and industrial projects in India. With a comprehensive portfolio of products, including ready-mix concrete, aggregates, construction chemicals, and more, the company supports its services with a robust manufacturing infrastructure and multichannel distribution network.
Infra.Market Valuation
In a significant pre-IPO funding round, Infra.Market raised Rs 1,050 crore, bringing its valuation to approximately Rs 24,147 crore (nearly $2.8 billion). The funding round saw participation from prominent investors such as Tiger Global, Evolvence, and Foundamental, signalling robust investor confidence as the company prepares for a public listing, aiming to raise over $500 million.
Operations & Performance of Infra.Market
Infra.Market’s financial performance in FY24 was impressive, with revenues increasing 23% year-on-year to Rs 14,530 crore and a profit after tax rising 2.5-fold to Rs 378 crore. The company operates over 260 manufacturing units with a substantial capacity in concrete and tiles, supporting a broad range of private label products. These efforts have extended to a significant retail presence, reaching over 10,000 touchpoints and operating more than 30 flagship stores across India.
Future Plans of Infra.Market
Looking ahead, Infra.Market plans to capitalise on its increased valuation and public market interest by expanding its manufacturing capabilities and product offerings. The company has partnered with several investment banks to assist with its IPO and intends to maintain its growth trajectory by continuing to invest in infrastructure, retail expansion, and customer engagement initiatives to further cement its position in the Indian market.