Laxyo Railway EPC Services Provider Files Draft Prospectus for ₹150 Crore IPO

Laxyo Files Draft Red Herring Prospectus for Up to Rs 150 Crore IPO

Company Overview Laxyo, a Madhya Pradesh-based company operating in the railway infrastructure and EPC services sector, has filed a Draft Red Herring Prospectus with SEBI to raise funds via an initial public offering (IPO).

IPO Details The IPO comprises an entirely fresh issue with no offer-for-sale component, with a draft document filed on March 23, 2026. The company may consider raising up to Rs 30 crore in a pre-IPO round, which is a part of the fresh issue component.

Utilization of Proceeds Laxyo intends to utilize the proceeds from the IPO as follows:

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• Rs 70 crore for repayment of certain borrowings
• Rs 9.7 crore for purchase of equipment
• Rs 23 crore for working capital requirements
• The remaining amount for general corporate purposes

Financial Performance As of March 15, 2026, Laxyo's total outstanding debt was Rs 121.7 crore, including fund-based borrowings of Rs 86.6 crore. The company recorded a profit of Rs 11.6 crore for the financial year ended March 2025, growing nearly two times over Rs 6.3 crore in the previous year. Revenue in the same period increased by 21.1 percent to Rs 211.1 crore from Rs 174.3 crore.

IPO Arrangements Indorient Financial Services has been appointed as the book running lead manager for managing the Laxyo IPO.