India Ratings downgrades Infra.Market; company plans to raise Rs 2,500 crore via IPO

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IPO-bound Infra.Market has been downgraded by India Ratings from A-/Negative Outlook to BBB+/Negative Outlook, citing concerns around debt refinancing, liquidity pressures, and negative cash flow from operations in FY25.

The downgrade comes as the construction materials marketplace plans to file its draft red herring prospectus (DRHP) this month to raise Rs 2,500 crore via an initial public offering. The company has appointed merchant bankers and legal advisors and is targeting a listing in the third or fourth quarter of FY26, subject to regulatory…



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India Ratings downgrades Infra.Market; company plans to raise Rs 2,500 crore via IPO


IPO-bound Infra.Market has been downgraded by India Ratings from A-/Negative Outlook to BBB+/Negative Outlook, citing concerns around debt refinancing, liquidity pressures, and negative cash flow from operations in FY25.

The downgrade comes as the construction materials marketplace plans to file its draft red herring prospectus (DRHP) this month to raise Rs 2,500 crore via an initial public offering. The company has appointed merchant bankers and legal advisors and is targeting a listing in the third or fourth quarter of FY26, subject to regulatory…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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