Skip to main content

MoneyWorks4Me

Shivalaya Construction gets SEBI’s nod for IPO

30 Dec 2025 Evaluate

Shivalaya Construction has secured Securities and Exchange Board of India’s (SEBI's) approval to raise funds through initial public offering (IPO). The proposed IPO is a combination of a fresh issue of shares worth Rs 450 crore and an offer-for-sale (OFS) of 2.48 crore shares by promoters.

Of the fresh issuance, funds to the tune of Rs 340 crore will be used to pay debt, and the remaining funds will be utilised for general corporate purposes. To assist the public offering, the company has roped in IIFL Capital, Axis Capital and JM Financial as lead managers.

Shivalaya Construction is an integrated infrastructure engineering, procurement and construction player with a focus on roads, highways and bridges. 


Peers
Company Name CMP
Larsen & Toubro 3670.00
Kalpataru Projects 1312.95
NCC 115.65
Rail Vikas Nigam 181.00
KEC International 331.70
View more..