Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
MRC Infracon Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on September 30, 2025 to raise funds through Initial Public Offer (IPO).
MRC Infracon Ltd. IPO is a Book Build Issue of 0.55 crore equity shares consisting of a fresh issue of upto 0.45 crore equity shares and an offer for sale (OFS) of upto 0.10 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Cumulative Capital Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to MRC Infracon IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 55,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 45,00,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,21,44,000 shares |
| Share Holding Post Issue | 1,66,44,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Sep 30, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
MRC Infracon Limited is a civil construction and infrastructure company based in North India. The company specializes in the design and construction of commercial buildings, transportation terminals, healthcare centers, educational campuses, residential complexes, and infrastructure works. It mainly works as EPC (Engineering, Procurement, and Construction) contractors, primarily for Government and Government-linked organizations.
The company undertakes projects on a lump sum or turnkey basis, covering full scope of architectural, structural, civil, MEP (Mechanical, Electrical, Plumbing), HVAC, and fire safety systems.
Business Model:
As of August 31, 2025, it has 9 ongoing EPC projects with an order book of ₹25,998 lakh, 3 PPP projects (1 under construction, 2 in concession phase), and 1 O&M (Operations & Maintenance) project in active phase
The company has successfully executed over 50 projects across Haryana, Punjab, Himachal Pradesh, Jammu & Kashmir, and Jharkhand.
As of Marcgh 31, 2025, the company employed 269 full-time employees, including 77 engineers.
Competitive strengths
MRC Infracon Ltd.'s revenue increased by 33% and profit after tax (PAT) rose by 185% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 81.85 | 61.04 | 51.33 |
| Total Income | 142.86 | 107.26 | 25.76 |
| Profit After Tax | 17.06 | 5.98 | 0.91 |
| EBITDA | 27.43 | 11.67 | 2.88 |
| NET Worth | 25.78 | 7.65 | 1.53 |
| Reserves and Surplus | 24.76 | 6.65 | 0.72 |
| Total Borrowing | 30.55 | 32.35 | 31.89 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirements of our Company towards purchase of construction equipment | 9.74 |
| 2 | Funding working capital requirements of our Company | 31.13 |
| 3 | General Corporate Purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 102.11% |
| ROCE | 45.22% |
| Debt/Equity | 1.19 |
| RoNW | 102.11% |
| PAT Margin | 11.99% |
| EBITDA Margin | 19.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lead Manager Reports
MRC Infracon IPO is a SME IPO of 55,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The MRC Infracon IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in MRC Infracon IPO using UPI as a payment gateway. Zerodha customers can apply in MRC Infracon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MRC Infracon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MRC Infracon IPO dates are not announced. Please check back again after some time.
MRC Infracon IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in MRC Infracon IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for MRC Infracon IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the MRC Infracon IPO allotment status.
The MRC Infracon IPO listing date is not yet announced. The tentative date of listing is .
