Bookbuilding IPO | ₹1,250 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of RKCPL Ltd. on December 31, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
RKCPL Ltd. IPO is a Book Build Issue of ₹1,250.00 crores consisting of a fresh issue of shares worth Rs ₹700.00 crores and an offer for sale (OFS) of ₹550.00 crores.
The equity shares are proposed to be listed on NSE and BSE. Equirus Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.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 RKCPL 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, NSE |
| Total Issue Size | [.] shares (agg. up to ₹1,250 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹700 Cr) |
| Offer for Sale | [.] shares of ₹10 (agg. up to ₹550 Cr) |
| Share Holding Pre Issue | 13,20,00,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Sep 24, 2025 |
| SEBI/Exchange approval received | Wed, Dec 31, 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 |
Incorporated in 2013, RKCPL Ltd. is engaged in civil construction and infrastructure development.
The company specialized structural works across India including elevated roads, flyovers, bridges, road over bridges, highways, expressways, drainage systems, and canal systems.
The company's principal business operations are broadly divided into EPC (“Engineering, Procurement and Construction”) projects and hybrid annuity model (“HAM”) projects.
RKCPL Ltd. aims to strengthen its market presence by expanding service offerings and maintaining high-quality standards. Its vision is to contribute significantly to national infrastructure growth while delivering long-term value to stakeholders.
As of July 31, 2025, the company had 1,655 permanent employees.
Competitve Strengths:
RKCPL Ltd.'s revenue increased by 15% and profit after tax (PAT) rose by 5% 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 | 1,209.08 | 632.33 | 395.01 |
| Total Income | 1,276.69 | 1,111.84 | 872.27 |
| Profit After Tax | 164.58 | 156.95 | 96.52 |
| EBITDA | 274.01 | 220.31 | 133.22 |
| NET Worth | 569.05 | 404.47 | 245.87 |
| Reserves and Surplus | 437.05 | 272.47 | 113.87 |
| Total Borrowing | 509.26 | 116.21 | 62.55 |
| 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 the Company towards purchase of construction equipment | 130.02 |
| 2 | Funding working capital requirements of the Company | 200.00 |
| 3 | Pre-payment and/or re-payment, in full or in part, of certain outstanding borrowings availed by the Company | 50.00 |
| 4 | Investment in the Subsidiaries namely Bathinda Ludhiana Highway Private Limited, Poanta Saheb Highway Private Limited and Ambala Ring Road Highway Private Limited for re- payment/pre-payment in full or in part, of certain borrowings availed by such Subsidiaries | 138.00 |
| 5 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 28.92% |
| ROCE | 25.13% |
| Debt/Equity | 0.89 |
| RoNW | 28.92% |
| PAT Margin | 12.95% |
| EBITDA Margin | 21.56% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100.00% |
Lead Manager Reports
RKCPL IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹1,250 Crores. The issue is priced at To be declared. The minimum order quantity is .
The RKCPL IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in RKCPL IPO using UPI as a payment gateway. Zerodha customers can apply in RKCPL IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RKCPL IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RKCPL IPO dates are not announced. Please check back again after some time.
RKCPL IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in RKCPL 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 RKCPL IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the RKCPL IPO allotment status.
The RKCPL IPO listing date is not yet announced. The tentative date of listing is .
