RKCPL IPO | Promoters Naresh Kumar and Krishan Kumar Goyal will sell their Rs 550-crore worth of shares via an offer-for-sale, while the business intends to raise Rs 700 crore through new shares.
RKCPL, a civil construction and infrastructure development business located in Gurgaon, has contacted capital markets to sell shares in order to raise up to Rs 1,250 crore.
According to the September 24 draft red herring prospectus, the business intends to raise Rs 700 crore via new shares, while founders Naresh Kumar and Krishan Kumar Goyal would sell their Rs 550-crore worth of shares through an offer-for-sale.
RKCPL plans to raise up to Rs 140 crore in the pre-IPO round prior to the public issue’s debut as part of the fresh issue component.
The business intends to use Rs 200 crore of its new issue proceeds for working capital needs and Rs 130 crore for the procurement of construction equipment.
Additionally, as the total amount owed as of July 2025 was Rs 2,175.8 crore, Rs 188 crore would be utilized to settle some of its borrowings, with the remaining sum going towards general corporate purposes.
Founded in 2013, RKCPL is a road, flyover, highway, drainage, and canal system construction company that has completed over 80 projects and has an order book of Rs 2,617.5 crore until July 2025.
It faces competition from a number of listed peers that are larger than the business in terms of topline, including Ceigall India, GR Infra Projects, HG Infra Engineering, KNR Constructions, PNC Infratech, J Kumar Infra, and Ashoka Buildcon.
For the fiscal year that ended in March 2025, the company’s earnings was Rs 164.6 crore, up 4.9% from Rs 156.9 crore the year before. During the same time period, revenue increased 16.2 percent from Rs 1,093.3 crore to Rs 1,270.7 crore.
Equirus Capital and Anand Rathi Advisors are the merchant bankers in charge of the RKCPL IPO.