Infra Market Raises ₹1,250 Crore Debt Ahead Of IPO

Infra Market, the Mumbai-based online marketplace for construction materials, has secured ₹1,250 crore in debt financing from Singapore’s private credit platform Ascertis Credit as it prepares for its upcoming initial public offering (IPO). The company received shareholder approval to issue up to 1.25 lakh non-convertible debentures (NCDs), each valued at ₹1 lakh.  

According to filings with the Registrar of Companies, the debentures will be secured through hypothecation of certain company assets and pledging of promoter shareholding, along with shares of group companies including RDC Concrete, Neptune Readymix, and Robo Quarries. The debt funding is expected to provide Infra.Market with financial flexibility as it moves closer to its IPO.  

Key Highlights  

• Infra Market raises ₹1,250 crore debt from Ascertis Credit  
• Funding secured via issuance of non-convertible debentures  
• Debentures backed by company assets and promoter shareholding  
• Group companies RDC Concrete, Neptune Readymix, and Robo Quarries included in collateral  
• Funds to be used for refinancing borrowings, capital expenditure, and M&A opportunities  
• Move strengthens balance sheet ahead of IPO plans  

Strategic Impact  
The debt raise underscores Infra.Market’s strategy to consolidate its financial position before entering public markets. Analysts highlight that refinancing existing borrowings will reduce interest costs, while additional capital expenditure and potential acquisitions will support expansion in India’s fast-growing construction materials sector. The IPO is expected to further enhance Infra.Market’s visibility and provide long-term growth capital. By securing debt from an international credit platform, the company also demonstrates strong investor confidence in its business model and future prospects.  

Sources: The Economic Times, Angel One, Inc42