Electromech Infraprojects Files IPO DRHP, Plans ₹326-Crore Fresh Issue

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Published: October 26, 2026

Electromech Infraprojects Files IPO DRHP, Plans ₹326-Crore Fresh Issue

Electromech Infraprojects has filed a Draft Red Herring Prospectus for a ₹326 crore fresh issue and a 1.89‑million share offer from existing shareholders. The filing aims to set the company up for a valuation of about ₹1.5 trillion, with analysts projecting an initial 3–4% upside on the stock once listed.

The 59‑page DRHP details a fresh equity issue of up to ₹326 crore and an offer‑for‑sale of up to 1.89 million shares by existing shareholders.

Order book stands at ₹829.72 crore across 45 projects, with data centres contributing ₹729.46 crore, GCCs ₹37.36 crore, and commercial‑industrial ₹62.90 crore.

Fiscal 2026 financials show ₹427.05 crore revenue, ₹46.50 crore EBITDA, and ₹36.19 crore PAT, translating to a 10.80% EBITDA margin and 8.41% PAT margin.

Varun Maniar, Managing Director, said the filing marks a pivotal phase, emphasizing engineering and execution strengths to drive growth.

Analysts benchmark the IPO against peers like Wipro Infrastructure Solutions (₹900 crore revenue) and L&T Infrastructure (₹1.2 trillion valuation), expecting a 3–4% upside on the listing price.

The company plans to file the final prospectus by mid‑October, with a listing window targeting November 2026, and hopes to achieve a market cap near ₹1.5 trillion once shares hit the BSE/NSE.