Infra.Market pledges assets and promoter shares to raise Rs 1,250 Cr debt

Mumbai-based Infra.Market is set to raise Rs 1,250 crore in debt months after filing confidential IPO papers, offering company assets and stakes held by the company’s promoters, as collateral.

The company’s board has passed a special resolution, approving the issuance of up to 125,000 non-convertible debentures at a face value of Rs 1,00,000 each via private placement to raise upto Rs 1,250 crore.

Out of the total, the company has raised Rs 700 crore from Singapore-based private credit platform Ascertis Credit, via issuing 70,000 non-convertible debentures at a face value of Rs 1,00,000 each.

The company is raising funds by offering its assets as security for the loan. It is also pledging promoter shares held by CEO Souvik Pulakesh Sengupta and COO Aaditya Gajendra Sharda, along with shares held by other promoter entities. As per filings, shares of group companies including RDC Concrete India Limited and its subsidiaries Neptune Readymix Concrete Private Limited and Robo Quarries Private Limited are also being pledged.

Infra.Market last raised $83 million in a Series G round led by Silverline Homes, with participation from Tiger Global, Accel, Nexus Ventures, NK Squared, and Evolvence India, in September 2025.

In January 2026, Infra.Market secured approval from SEBI to proceed with its initial public offering (IPO). On the financial front, its gross revenue (GMV) rose 27% to Rs 18,472 crore ($2.1 billion) in FY25, while its profit fell nearly 42% to Rs 220 crore during the year.