Infra.Market to Raise Rs 1,250 Crore in Debt

Mumbai-based Infra.Market is preparing to secure Rs 1,250 crore in debt shortly after submitting confidential IPO documentation, using company assets and stakes owned by the promoters as collateral.

The board of the company has approved a special resolution for the issuance of up to 125,000 non-convertible debentures, each with a face value of Rs 1,00,000, through private placement to raise a total of Rs 1,250 crore.

Out of this total amount, Rs 700 crore has already been raised from Ascertis Credit, a private credit platform based in Singapore, through the issuance of 70,000 non-convertible debentures, each with a face value of Rs 1,00,000.

Funding Strategy

The company is securing funds by offering its assets as collateral for the loan. Additionally, shares owned by CEO Souvik Pulakesh Sengupta and COO Aaditya Gajendra Sharda are also being pledged, along with shares held by other promoter entities.

According to official filings, shares of various group companies, including RDC Concrete India Limited and its subsidiaries, Neptune Readymix Concrete Private Limited and Robo Quarries Private Limited, are also included in the pledge.

Previous Funding and IPO Plans

Infra.Market successfully raised $83 million in a Series G funding round led by Silverline Homes, with contributions from investors such as Tiger Global, Accel, Nexus Ventures, NK Squared, and Evolvence India in September 2025.

In January 2026, the firm received approval from SEBI to advance with its initial public offering (IPO).

Financial Performance

On the financial front, the company’s gross merchandise value (GMV) increased by 27% to Rs 18,472 crore ($2.1 billion) in FY25. However, its profit saw a decline of nearly 42%, reaching Rs 220 crore during that same period.