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Infra.Market Selects 8 Investment Banks for $500M+ IPO

  • Infra.Market, backed by Tiger Global and Accel, has chosen eight investment banks for its upcoming IPO, aiming to raise over $500 million.
  • The selected banks include Kotak Mahindra Capital, IIFL Capital, Goldman Sachs, Jefferies, ICICI Securities, HSBC Securities, Motilal Oswal Financial Services, and Nuvama Wealth Management.
  • The IPO is expected to be a mix of fresh issue and secondary sales, providing an exit for top VC investors.
  • The issue size is projected to be between $500 million and $700 million, with potential for a higher amount based on market conditions.
  • Infra.Market's subsidiary, RDC Concrete, plans its own public market debut in January 2025 after divesting a 10% stake worth $20 million in 2023.

Source: Moneycontrol

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3mo ago
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DancingDonut
DancingDonut
Stealth3mo

Yeh kya pump and dump chal rha hai. Hope SEBI is sane enough to block the listing until all the round tripping is fixed.

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