New Delhi, Sept. 2 -- Ravi Infrabuild Projects Limited, an integrated EPC company with expertise across multiple infrastructure verticals in India, has received approval from the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO).

The IPO comprises a complete fresh issue with no OFS component, aggregating up to Rs.1,100 crore. The price band and important IPO dates will be announced in due course. For the IPO, Motilal Oswal Investment Advisors Limited and Axis Capital Limited are the book-running lead managers.

The company plans to use the IPO proceeds for debt repayment, subsidiary investments, equipment purchases, and general corporate purposes.

The company is one of the leading infrastructur...