Laxyo Ltd Files IPO Papers to Raise Rs 150 Crore
IPO Details
Laxyo Ltd, a railway infrastructure and EPC services provider, has filed preliminary papers with market regulator Sebi to launch an Initial Public Offering (IPO). The IPO is entirely a fresh issue of equity shares, with no Offer For Sale component.Funding Allocation
The company intends to utilize the proceeds from the IPO as follows:- Debt repayment: Rs 70 crore
- Purchase of equipment: Rs 9.75 crore
- Working capital requirements: Rs 23 crore
- General corporate purposes: Rs 37.25 crore
Company Overview
Laxyo Ltd, headquartered in Indore, commenced operations in 2007. It operates across railway infrastructure, mining services, raise boring operations, dredging, and reclamation. Raise boring is a mechanical method used in mining, employing a rotating machine to create holes in rock.The company has a presence in Madhya Pradesh, Maharashtra, Rajasthan, Gujarat, Haryana, Odisha, Delhi, Kerala, Uttar Pradesh, and Goa.
As of January 2026, Laxyo’s order book value stood at Rs 633 crore.
Recent Developments
Recently, Laxyo secured a contract in Zambia, marking its entry into the African markets. The company will compete with global players including Master Drilling, Murray & Roberts, and Redpath.Financial Performance
In FY25, Laxyo’s revenue from operations was recorded at Rs 212.7 crore and profit after tax at Rs 11 crore.IPO Management
Indorient Financial Services is acting as the sole book-running lead manager to the IPO.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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