Infra.market files IPO papers via confidential route; tries to increase to RS 5,500-CR

Tiger Global-Backed Construction Material Supply Firm Infra. Market has applied for an initial public offer (IPO) between RS 4,500 Crore and RS 5,500 Crore with market giver Sebi using the confidential pre-filling route, said market sources Wednesday.

The proposed IPO would be a combination of a new issue of shares and an offer for sale (OFS) by existing shareholders, they added.

The submission has been submitted under the confidential or pre-filling route of SEBI, with which companies can share a draft offer documents privately with the regulator before the design papers are made public.

Asked, the company’s spokesperson refused to announce details or timing of the IPO.

To manage the offer, the company Kotak Mahindra Capital, Goldman Sachs, IIFL Capital, HSBC, Jefferies, Icici Securities and Motilal Oswal Financial Services has appointed his merchant as his merchant.

The submission comes at a time when the Indian market experiences a flowering in the primary market activity, despite a struggling wider stock market. In 2025 a total of 77 companies already demonstrated on the mainboard market via IPOs and various major problems were drawn up for this month. Infra.market recently collected RS 730 Crore in a series of G -finance round.

Infra.market was founded in 2016 by Souvik Sengupta and Aaditya Sharda and is a building material that offers end-to-end solutions in the value chain of the construction. The platform delivers 15 product categories, including concrete, wall solutions, steel, pipes and fittings, MDF, plywood, laminates, tiles, paints, modular kitchens, electricities, devices and sustainable consumers.