Particle.news

Download on the App Store

RKCPL Files DRHP With SEBI For Rs 1,250 Crore IPO

The draft outlines allocation of the fresh issue to working capital, equipment purchases, subsidiary deleveraging, plus a small debt repayment.

Overview

  • The proposed offer totals Rs 1,250 crore, comprising a Rs 700 crore fresh issue and a Rs 550 crore offer for sale.
  • Promoters Naresh Kumar and Krishan Kumar Goyal plan to sell shares worth Rs 275 crore each through the OFS.
  • Planned deployment of the fresh issue includes about Rs 200 crore for working capital, roughly Rs 130 crore for equipment, Rs 138 crore for subsidiaries, and Rs 50 crore for debt, with the balance for general corporate purposes.
  • Equirus Capital and Anand Rathi Advisors are appointed as book-running lead managers for the issue.
  • As of July 31, 2025, RKCPL reported sanctioned limits of Rs 1,352 crore, outstanding borrowings of Rs 823 crore, and an order book of Rs 2,617 crore, while pricing and timelines await SEBI approval.