Indian unicorn Infra.Market files for IPO under confidential route

Indian unicorn Infra.Market files for IPO under confidential route

FILE PHOTO: A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 11, 2025. REUTERS/Francis Mascarenhas/File Photo

Indian construction material supply firm Infra.Market has filed for an initial public offering under the confidential route, a public notice showed on Wednesday.

The confidential route allows firms to keep their filings private until the public issue launches.

The company, which provides cement, tiles and paints to large-scale infrastructure projects in India, raised 7.32 billion rupees ($82.42 million) earlier this month in a funding round that included existing backer Tiger Global and Accel.

It raised $121 million in January led by Tiger Global, at a valuation of $2.8 billion.

Reuters

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