J Infratech files draft papers with SEBI for ₹600 crore IPO

Apart from the fresh issue, the company's proposed IPO comprises an offer for sale of 1 crore equity shares by promoters, according to the draft red herring prospectus filed on Friday

J Infratech Ltd, an integrated infrastructure engineering, procurement and construction (EPC) firm, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) comprising a fresh issue of shares worth Rs 600 crore.Apart from the fresh issue, the company's proposed IPO comprises an offer for sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday.The Haryana-based company may also consider a pre-IPO placement of up to Rs 120 crore. In case the placement is completed, the size of the fresh issue will be reduced accordingly.The proceeds from the IPO will primarily be utilised to meet working capital requirements, repay or pre-pay certain borrowings and for general corporate purposes.J Infratech is an integrated infrastructure engineering, procurement and construction (EPC) company focused on roads, highways and bridges, with experience in executing large-scale road development projects involving specialised structures across India.The company commenced operations in 2005 through its partnership firm, Jandu Construction Co, which was subsequently converted into J Infratech in 2019.As of July 31, 2026, the company had completed 35 projects and was executing 46 projects across 16 states and three Union Territories.The equity shares proposed to be offered through the IPO are proposed to be listed on both BSE and NSE.Systematix Corporate Services is the book-running lead manager to the issue, and KFin Technologies is the registrar to the offer.

Mumbai: J Infratech Ltd has filed draft papers with SEBI for an initial public offering (IPO) that includes a fresh issue of shares worth ₹600 crore.The Haryana-based infrastructure engineering, procurement and construction (EPC) company also plans an offer for sale of one crore equity shares by its promoters, according to the draft red herring prospectus filed on Friday. The company has not yet announced an IPO price band or subscription dates.J Infratech may raise up to ₹120 crore through a placement before the IPO. If it goes ahead, the company will reduce the fresh issue size by the amount raised through that placement.Vishal Nirmiti Sets September 30 Date For IPO Launch, Price Band Announced At ₹208–₹220 Per Share The two parts of the proposed offer serve different purposes. Proceeds from newly issued shares will go to J Infratech, while money from the offer for sale will go to the promoters selling their holdings.How The Funds Will Be UsedJ Infratech intends to use the fresh issue proceeds mainly to support working capital and repay or prepay certain borrowings. The balance will be available for general corporate purposes.Working capital helps an EPC company pay for materials, labour and project execution while it awaits payments linked to construction milestones.Roads And Bridges FocusJ Infratech builds roads, highways and bridges, including specialised structures for large road development projects across India. Its business began in 2005 as the partnership firm Jandu Construction Co, which was converted into J Infratech in 2019.Coal India Subsidiary South Eastern Coalfields Plans Up To $800 Million IPO As of July 31, 2026, the company had completed 35 projects and was executing another 46 across 16 states and three Union Territories.J Infratech proposes to list its shares on both the BSE and NSE. Systematix Corporate Services is the book-running lead manager, while KFin Technologies is the registrar to the offer.