Electromech Infraprojects Files DRHP for Rs 3.26 Billion IPO
Electromech Infraprojects has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed initial public offering (IPO). The offering comprises a fresh issue of equity shares aggregating up to Rs 3.26 billion and an offer for sale of up to 1.89 million equity shares by existing shareholders. The shares have a face value of Rs 5 each.
The Mumbai-based company provides mechanical, electrical and plumbing (MEP) solutions for data centres, Global Capability Centres (GCCs), and commercial and industrial projects. Its services cover technical design, engineering, procurement, project execution, testing and commissioning.
As of March 31, 2026, Electromech Infraprojects had an order book valued at Rs 8.30 billion across 45 ongoing projects. Data centres accounted for Rs 7.29 billion, representing 87.92 per cent of the order book, followed by commercial and industrial projects at Rs 629 million (7.58 per cent) and GCC projects at Rs 373.6 million (4.50 per cent).
Among its major ongoing assignments is a 48 MW data centre project in Telangana, carrying an order book value of Rs 5.01 billion, excluding GST.
Varun Maniar, Managing Director, Electromech Infraprojects, said, ""Filing the DRHP is an important step for Electromech Infraprojects as we continue to build our capabilities across data centres and other mission-critical infrastructure. Our focus remains on strengthening our engineering and execution capabilities and delivering integrated solutions for increasingly complex infrastructure projects. We believe our experience across projects and our focus on execution will remain important as we work towards the company's next phase of growth.""
The company uses integrated procurement, engineering and quality control processes, supported by Building Information Modelling (BIM). The technology enables three-dimensional modelling of MEP systems to identify and resolve design clashes before construction begins.
According to the DRHP, repeat customers contributed 95 per cent of revenue from operations in FY26, compared with 89 per cent in FY25 and 87 per cent in FY24.
For FY26, the company reported consolidated revenue from operations of Rs 4.27 billion, earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 465 million and profit after tax (PAT) of Rs 361.9 million. Its EBITDA margin stood at 10.80 per cent, while its PAT margin was 8.41 per cent.
In FY25, standalone revenue from operations stood at Rs 4.09 billion, with EBITDA of Rs 382.9 million and PAT of Rs 294.8 million. The corresponding figures for FY24 were Rs 2.62 billion, Rs 201.9 million and Rs 184.3 million, respectively.
The proposed IPO remains subject to regulatory approvals, market conditions and completion of the offer process. Arihant Capital Markets is the book-running lead manager for the issue."