Q1. What is the business of RKCPL Limited?

It is a civil construction and infrastructure developer executing elevated roads, highways, bridges, flyovers, drainage and canal works across India under EPC and Hybrid Annuity Model projects.

Q2. Why is the company raising funds via IPO?

RKCPL is raising funds via IPO for growth in technology infrastructure, working capital, debt repayment and to invest in key subsidiaries.

Q3. What is the issue size of IPO and where will it list?

The issue size of the IPO is ₹ 1,250 crore. It will be listed on the BSE & NSE platform.

Q4. What are the risks to an investor?

Risks to invest in the IPO include execution delays, cost overruns, working capital strain, dependence on government/PSU contracts and infrastructure sector cyclicality.

Q5. What are the potential upsides?

Potential upsides of the IPO is its strong order book, diversified infrastructure project portfolio, government spending tailwinds and growth potential in EPC and HAM segments.

Q6. How to apply for the IPO?

You can apply via your bank ASBA (net banking/UPI) or through your broker’s IPO platform once the price band and dates are announced.

Q 7. When is the tentative listing date?

Expected listing date is yet to be announced.

RKCPL Limited

Upcoming

RKCPL Limited

Market Cap

—-

IPO Issue Size

~ ₹ 1,250 Crore

Expected Price by IPOCorner

—-

IPO Score

*Score varies on actual price

RKCPL Limited is a civil construction and infrastructure development company executing elevated roads, flyovers, bridges, highways, drainage systems and canal works across India under EPC and Hybrid Annuity Model projects. The company has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a proposed IPO aims to raise up to ₹1,250 crore, comprising a fresh issue of ₹700 crore and offer for sale (OFS) of ₹550 crore by promoters.

RKCPL Limited was incorporated in the year 2013.Mr. Ram Kumar Goyal serves as Managing Director of the company.

It offers execution of complex infrastructure projects such as highways, bridges, expressways, elevated corridors and drainage systems under EPC and HAM contracts.The company has executed over 80 projects and holds an order book of ~₹2,617 crore across 17 ongoing contracts nationwide, demonstrating broad infrastructure market penetration.

Subscription date to apply for RKCPL Limited is yet to be announced. Price band for the IPO is yet to be declared.

Year	2025
Networth	₹ 569.1 Cr
Revenue	₹ 1270.7 Cr
EBITDA	₹ 274 Cr
PAT	₹ 164.6 Cr
EBITDA Margin	~21.56%
PAT Margin	~12.95%
Face Value	Rs.10 per Equity Share

IPO Important Dates

#	Date
Open Date	TBA
Close Date	TBA
Anchor Investor Bidding	TBA
Allotment Date	TBA
Refunds& Demat Credit	TBA
Tentative Listing Date	TBA

Use Of Proceeds

Purpose	Amount
Borrowing payment	~ ₹ 50 Cr
Working Capital Requirement	~ ₹ 200 Cr
Technology & Infrastructure	~ ₹ 130.01 Cr
Subsidiary Investment	~ ₹ 138 Cr
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	862	1,093	1,271
PAT (₹ Cr)	97	157	165
Asset (₹ Cr)	395	632	1,209
Net Worth (₹ Cr)	246	404	569

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
08-Aug	₹ –	₹ –	₹ –
07-Aug	₹ –	₹ –	₹ –
06-Aug	₹ –	₹ –	₹ –
05-Aug	₹ –	₹ –	₹ –
04-Aug	₹ –	₹ –	₹ –

Pros

Strong order book providing multi-year revenue visibility in the infrastructure and EPC segment.
Proven execution capability across highways, bridges and complex civil projects.
Beneficiary of sustained government focus on infrastructure spending in India.
Diversified project portfolio across EPC and HAM models reduces single-project risk.
Experienced promoter and management team with long track record in construction.

Cons

Highly capital-intensive business with dependence on timely fund flow and working capital.
Exposure to execution delays, cost overruns and regulatory approvals.
Revenue concentration risk from government and PSU clients.
Cyclical nature of infrastructure sector impacts earnings predictability.
IPO valuation risk if growth assumptions are not met due to uncertainities post listing.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Krishan Kumar Goyal	~48.50%
Naresh Kumar	~46%
Ram Kumar Goyal	~3%
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
HNI (Min)	–	14	–	₹ –
HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Key Performance Index (KPI)

ROE	00
ROCE	00
RoNW	00

Lead / Book Running Lead Managers

Equirus Capital Private Limited

Registrar (RTA)

MUFG Intime India Private Limited

Q1. What is the business of RKCPL Limited?
It is a civil construction and infrastructure developer executing elevated roads, highways, bridges, flyovers, drainage and canal works across India under EPC and Hybrid Annuity Model projects.
Q2. Why is the company raising funds via IPO?
RKCPL is raising funds via IPO for growth in technology infrastructure, working capital, debt repayment and to invest in key subsidiaries.
Q3. What is the issue size of IPO and where will it list?
The issue size of the IPO is ₹ 1,250 crore. It will be listed on the BSE & NSE platform.
Q4. What are the risks to an investor?
Risks to invest in the IPO include execution delays, cost overruns, working capital strain, dependence on government/PSU contracts and infrastructure sector cyclicality.
Q5. What are the potential upsides?
Potential upsides of the IPO is its strong order book, diversified infrastructure project portfolio, government spending tailwinds and growth potential in EPC and HAM segments.
Q6. How to apply for the IPO?
You can apply via your bank ASBA (net banking/UPI) or through your broker’s IPO platform once the price band and dates are announced.
Q 7. When is the tentative listing date?
Expected listing date is yet to be announced.