Rahee Infratech IPO Upcoming
Already have an account? Apply now
About Rahee Infratech
Established in 1996, Rahee Infratech is a Kolkata-based engineering and construction company specializing in railway infrastructure. As part of the Rahee Group, founded in 1948, the company offers comprehensive solutions including bridge construction, track installation, flash butt welding of rails, and the manufacturing of rail turnouts and fastening systems. With a presence across 18 Indian states, Rahee Infratech has executed over 250 km of ballastless tracks and more than 75 major bridges. The company collaborates with international partners like Pandrol Limited (France) and Tracktec GmbH (Germany) for advanced rail technologies.
Financials of Rahee Infratech
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | – |
| Fresh issue | ₹420 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 50 (12%) |
| Working capital requirement | 280 (66.6%) |
| General corporate purposes | 90 (21.4%) |
Strengths
- Over two decades of experience in railway infrastructure projects across India.
- Comprehensive service offerings from design to execution in rail systems.
- Strategic collaborations with international firms for advanced rail technologies.
- Robust order book of ₹2,268.73 crore as of March 31, 2024, indicating strong future revenue visibility.
- Execution of significant projects, including over 250 km of ballastless tracks and more than 75 major bridges.
Risks
- High dependency on government contracts, making revenues susceptible to policy and budgetary changes.
- Working capital-intensive operations may affect liquidity during project execution.
- Exposure to regulatory and environmental compliance risks in infrastructure projects.
- Potential delays in project execution due to unforeseen site conditions or approvals.
- Concentration risk if a significant portion of revenue is derived from a few large clients.