Trenzet Infra Files IPO Papers with SEBI to Raise Funds
- 23rd March 2026
- 05:00 PM
- 3 min read
Summary
Trenzet Infra Limited, an Andhra Pradesh-based engineering, procurement and construction company focused on railway infrastructure, has filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India on 20 March 2026. The IPO comprises a fresh issue of 1.05 crore equity shares and an offer for sale of 18 lakh shares by promoters. Key details including the price band, lot size, and IPO dates are yet to be announced.23 March 2026 | PL Capital
Railway EPC firm moves closer to public markets
Trenzet Infra Limited has filed its Draft Red Herring Prospectus with SEBI on 20 March 2026, initiating the regulatory process for a mainboard Initial Public Offering (IPO) on BSE and NSE. The total issue size stands at 1.23 crore equity shares, comprising a fresh issue of 1.05 crore shares and an offer for sale of 18 lakh shares by promoters Kishan Kumar Thotakura and Murali Mohan Cherukuri. Unicon Capital Services Private Limited is the book running lead manager, and Bigshare Services Private Limited has been appointed registrar to the issue.
How the IPO proceeds will be deployed?
The company proposes to utilise net proceeds from the fresh issue across three identified purposes. The largest allocation — ₹416 crore — is earmarked for working capital requirements. A further ₹176.12 crore will fund capital expenditure for the purchase of construction vehicles and equipment. The remainder will be used for general corporate purposes, bringing the total estimated utilisation to ₹592.12 crore.
A business built on railway infrastructure
Incorporated in June 2002, Trenzet Infra executes a wide range of railway and allied infrastructure projects, including road over bridges, road under bridges, viaducts, flyovers, earthworks, piling, concreting, and steel girder fabrication and launching. The company primarily works for government and public sector clients under EPC and Bill of Quantities contract models.
As of 31 January 2026, Trenzet Infra had completed 40 infrastructure projects across seven states, with a cumulative executed project value of ₹1,497 crore. Its active order book stood at approximately ₹1,600 crore, with 23 projects under execution across the country. The company has steadily expanded its geographic footprint from Karnataka into states including Telangana, Tamil Nadu, Jharkhand, Maharashtra, Chhattisgarh, Odisha, West Bengal, Uttar Pradesh, and the North-Eastern region.
Financial performance
In FY25, Trenzet Infra reported revenue from operations of ₹333.41 crore and profit after tax of ₹26.95 crore. The company recorded a return on equity of 35.57% and an EBITDA margin of 10.66% for the year ended 31 March 2025. Pre-IPO earnings per share stood at ₹7.70.
Outlook
The DRHP filing marks the first formal step in the IPO process. The company and its lead manager will now await SEBI observations before finalising the price band, lot size, and issue dates. Investors seeking further updates on the Trenzet Infra IPO and other market developments can follow PL Capital’s ongoing coverage.
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