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Sai Infinium files DRHP with SEBI

04 Apr 2025 Evaluate

Sai Infinium has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The company's IPO is entirely a fresh issue of 1.96 crore equity shares with no offer-for sale (OFS) component.

The company plans to use funds to the tune of Rs 130 crore for setting up a 17.4-MW hybrid power plant, Rs 65 crore for the purchase of a rolling mill for mild steel (MS) structures, Rs 19 crore for buying a cargo vessel for the ship breaking plant and the remaining funds will be used for the company's general corporate purposes. Sarthi Capital Advisors is the sole book running lead manager responsible for managing the company's maiden public issue. The equity shares are proposed to be listed on the BSE and NSE. 

Sai Infinium operates in three primary segments, manufacturing of MS (Mild Steel) billets and TMT (Thermo Mechanically Treated) bars, ship breaking and real estate in Gujarat.  


Peers
Company Name CMP
Tata Steel 211.65
JSW Steel 1274.85
SAIL 172.50
Jindal Stainless 789.80
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