Mumbai: GNI Infrastructure Limited (“The Company”), engaged in the execution of road infrastructure projects primarily on an Engineering, Procurement and Construction (“EPC”) basis and under item-rate contracts, has filed its draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise funds through an initial public offering (IPO).

Originally incorporated in 2007, the Company has over four decades of experience in executing road infrastructure projects in Maharashtra. It specializes in the construction, widening, upgradation, repair and maintenance of roads and highways, and has also diversified into solid waste management through biomining projects. The Company primarily serves government bodies and public sector organisations across the infrastructure, transportation and urban development sectors.

According to the DRHP, the proposed IPO is a combination of a fresh issue of up to 21,029,642 equity shares and an offer for sale (OFS) of up to 9,388,212 equity shares by the existing shareholders, aggregating to 30,417,854 equity shares.

As of December 31, 2025, road infrastructure contributed 87.59% of the Company’s revenue from operations, while solid waste management contributed 12.41%. The Company has completed over 50 road infrastructure projects in the last five years and was executing 18 projects across Maharashtra, with an order book of ₹10,210.33 million as of December 31, 2025.

The Company proposes to utilise the net proceeds from the fresh issue towards funding working capital requirements and for general corporate purposes.

SMC Capitals Limited and Marwadi Chandarana Intermediaries Brokers Private Limited are the Book Running Lead Managers to the issue, while KFin Technologies Limited is the registrar to the offer.

DRHP Link : https://gniinfra.com/wp-content/uploads/2026/06/GNIDRHP.pdf