IPO Watch: Infraprime Logistics Applied sciences Ltd has filed its draft purple herring prospectus (DRHP) with BSE SME for an preliminary public providing (IPO).
Infraprime Logistics Applied sciences Ltd is a logistics options supplier pushed by expertise, concentrating on heavy-duty transportation whereas prioritising the combination of electrical automobiles into logistics operations. The corporate serves sectors comparable to infrastructure, building, metal, cement, and mining, delivering complete transportation options to reinforce provide chain effectivity. It operates utilising an asset-light mannequin.
Moreover, the corporate has a world presence by way of its subsidiary, Subsequent Gen Logistics Applied sciences Pte. Ltd., situated in Singapore, which is dedicated to the event of cutting-edge logistics and transportation applied sciences.
With a purpose to enter new markets, the corporate is concentrated on bettering EV infrastructure, refining logistics operations, and fostering innovation to place itself as a frontrunner within the organised logistics trade, supporting the remodeling industrial panorama in India.
For the fiscal 12 months ending on thirty first March 2024, the corporate reported revenues of ₹10,973.16 lakhs, an EBITDA of ₹2,445.04 lakhs, and a revenue after tax (PAT) of ₹1,525.85 lakhs. For the six months concluded on thirtieth September 2024, the corporate recorded income of ₹6,152.64 lakhs, an EBITDA of ₹1,342.43 lakhs, and a PAT of ₹770.11 lakhs.
As per DRHP, the corporate’s listed friends are Premier Roadlines Ltd (with a P/E of 8.93), and AVG Logistics Ltd (with a P/E of 21.76).
IPO particulars
The corporate intends to supply 39,66,400 new fairness shares with a nominal worth of ₹10 every.
As the corporate proceeds with its IPO initiatives, the funds raised can be directed in direction of safety deposits for the finance leasing of vans (“Autos”) and associated gear (“Trailers”), enhancing expertise infrastructure for our present operations, addressing working capital wants, and basic company goals. This funding will bolster the corporate’s strategic targets, enhance its aggressive place, and facilitate long-term development.
Beeline Capital Advisors Personal Restricted has been chosen because the E book Working Lead Supervisor for the problem, whereas Mas Providers Restricted will act because the Registrar for the problem.
Disclaimer: The views and proposals above are these of particular person analysts, consultants and broking corporations, not of Mint. We advise buyers to test with licensed consultants earlier than making any funding resolution.
