Krishna Buildspace has obtained the Securities and Exchange Board of India’s (SEBI) approval to raise funds through initial public offering (IPO). The company has proposed a public issue consists of a fresh issue of 90 lakh shares and an offer for sale of 9 lakh shares by Mohanbhai Chanabhai Sorathiya and Jayantibhai Chanabhai Sorathiya.
The company will use the proceeds from fresh issue for funding working capital requirements, Funding capital expenditure requirements towards purchase of equipment/machineries and general corporate purposes.
The company had filed its draft papers in January 2026. Shares of the company are proposed to be listed on the BSE and the NSE. In SEBI's parlance, obtaining observations is equivalent to securing approval to float a public offering.
Krishna BuildSpace, incorporated in 1995, offers a wide range of services, such as design & architectural, pre-construction planning, project management, execution and allied services. The company executes end-to-end projects through an integrated in-house model supported by its Subsidiaries.
