Raajmarg Infra Investment Trust IPO...
05 Mar, 2026
Krishna Buildspace IPO
Krishna Buildspace IPO is a book-built issue. The nature of the issue is a fresh issue and offer for sale (OFS), according to the DRHP filed on December 30, 2025. The total offer is up to 9,900,000 equity shares of face value of ₹10 each. This consists of a fresh issue of up to 9,000,000 equity shares and an offer for sale of up to 900,000 equity shares by the promoter selling shareholders.
The company will declare the price band as well as opening and closing dates at a later time, when it is officially announced. Mefcom Capital Markets Ltd. is the BRLM to the Krishna Buildspace IPO and MUFG Intime India Pvt. Ltd. is the registrar to the offer. The shares are supposed to be listed on the BSE and the NSE.
Company Background
Krishna Buildspace Ltd. was incorporated in October 1995 and started its operations as a partnership firm under the name "Krishna Developers." The company has experienced multiple organizational transformations, which led it to become a Pvt. Ltd. company in August 2013, before transitioning into a public Ltd. company in September 2025.
The main office of Krishna Buildspace Ltd. is based in Ahmedabad, Gujarat and has established its position as a specialized infrastructure company. The company started as a developer, but it now operates as a complete EPC service provider that manages extensive projects through its design, engineering, and execution services.
Operations and Product Range
Krishna Buildspace Ltd. mainly deals in the EPC sector, offering comprehensive solutions for different infrastructure development projects. The main service areas of the company include design and architecture, pre-construction planning and engineering, and construction management services.
The company caters to a wide clientele, including government organizations and private companies. The nature of their projects includes civil construction, infrastructure development and specialized engineering work needed for industrial and urban development projects.
Facilities and Capacity
The operations of Krishna Buildspace Ltd. are centralized from its registered and corporate office located in Ahmedabad. Being a service-oriented EPC company, its "capacity" is measured in terms of its project management expertise and technical manpower and not in terms of conventional manufacturing plant capacity.
Although the exact capacity in terms of production is not relevant in the conventional sense, the company utilizes its internal engineering and planning resources to manage multiple projects at the same time. The funds raised from the Krishna Buildspace IPO are also expected to enhance its scale of operations.
Brands and Market Presence
Krishna Buildspace Ltd. is operating under its own corporate brand name, which is a known name in the regional infrastructure industry. The company is mainly concentrating on the domestic market of India, specifically in the state of Gujarat.
Its market presence is established based on its long history of almost 3 decades (30+ years) in the construction industry. The company holds different statutory approvals and registrations, which are necessary for the EPC industry.
Revenue Streams and Business Model
The main sources of revenue for Krishna Buildspace Ltd. are
- • EPC contracts (based on bidding for and winning infrastructure projects).
- • B2G project charges (specifically from civil and infrastructure projects).
- • Custom in-house capabilities covering design, engineering and pre-construction planning.
Management and Shareholding
Krishna Buildspace Ltd. is promoted by a group of individuals who have vast experience in the real estate and construction industry. The promoters of the company are Sandip Mohanbhai Sorathia, Harsukhbhai Oghadbhai Bhanderi, Pankajbhai Haribhai Bhanderi, Pravinbhai Chanabhai Sorathia and Mohanbhai Chanabhai Sorathi.
Before the Krishna Buildspace IPO, the promoters and the promoter group had a substantial majority in the equity share capital. After the IPO, their shareholding will reduce as a result of the dilution caused by the fresh issue and the offer for sale of shares.
Board and Key Management
The management team of Krishna Buildspace Ltd. is headed by Sandip Mohanbhai Sorathia, who is the chairman and managing director of the company. He is aided by Harsukh Oghadbhai Bhanderi, who is a Director of the company. The company’s board of directors also comprises independent directors who oversee the governance of the company in accordance with SEBI guidelines.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Krishna Buildspace IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Krishna Buildspace IPO Details
| Detail | Description |
|---|---|
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per Equity Share |
| Issue Price Band | [.] |
| Lot Size | [.] |
| Sale Type | Fresh Issue and Offer for Sale (OFS) |
| Total Issue Size | Up to 9,900,000 Equity Shares |
| Fresh Issue(Ex Market Maker) | Up to 9,000,000 Equity Shares |
| Offer for Sale | Up to 900,000 Equity Shares (By Mohanbhai and Jayantibhai Sorathiya) |
| Issue Type | 100% Book Built Offer |
| Listing At | NSE and BSE |
| Share Holding Pre Issue | 30,450,621 Equity Shares |
Krishna Buildspace IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | [.] |
| IPO Close Date | [.] |
| Tentative Allotment | [.] |
| Initiation of Refunds | [.] |
| Credit of Shares to Demat | [.] |
| Tentative Listing Date | [.] |
| Cut-off time for UPI mandate confirmation | 5:00 PM on the Bid/Offer Closing Date |
Krishna Buildspace IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | [.] | ₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | [.] | Up to ₹2,00,000 |
| S-HNI (Min) | 14-15 | [.] | Over ₹2,00,000 |
| S-HNI (Max) | 66-70 | [.] | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | [.] | Over ₹10,00,000 |
Krishna Buildspace IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 94.95% |
| Promoter Holding Post Issue | [.] |
Competitive Strength:
- • Over 30+ years of experience in the construction & infrastructure sector offer sound groundwork for project implementation.
- • Full suite products and services available from concept through final engineering, TCI-Aviation can better control project schedules and quality.
- • Proven promoter track record in the industry helps in facing a complex regulatory and operational environment.
Krishna Buildspace IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 (H1 FY26) | 106.39 | 114.77 | 9.19 | 56.51 | 55.51 | 21.04 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 (FY25) | 126.88 | 208.56 | 15.65 | 47.32 | 46.32 | 30.97 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 (FY24) | 155.85 | 180.32 | 11.30 | 31.67 | 30.67 | 64.41 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 (FY23) | 83.47 | 125.43 | 7.49 | 20.37 | 19.37 | 45.40 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 32.78% |
| ROCE | 28.64% |
| Debt/Equity | 0.65x |
| PAT Margin | 8.18% |
| EBITDA Margin | 15.40% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ₹15.10 | [.] |
| P/E (x) | [.] | [.] |
IPO Objectives
The company intends to utilize the proceeds from the fresh issue of the Krishna Buildspace IPO for the following purposes:
- • Meeting long-term working capital requirements to support ongoing and future projects.
- • Repayment or prepayment of borrowings to improve the balance sheet of the company.
- • General corporate purposes.
Conclusion
Krishna Buildspace Ltd. symbolizes a legacy player in the Indian EPC industry, which has evolved from a regional partnership to a public-ready infrastructure company. This company has an emphasis on internal engineering expertise and a proven record of delivering projects. The company is now planning to utilize the Krishna Buildspace IPO as a launching pad for its next level of expansion. This IPO listing on the public markets is planned to capitalize on its experience and new funding to undertake more complex infrastructure projects.
IPO DRHP Status
| # | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 30-12-2025 | - |
| 2 | SEBI/Exchange approval received | - | - |
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Read More IPO ReviewsFrequently Asked Questions (FAQs)
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What is the total size of the Krishna Buildspace IPO?
The total size of the issue is up to 9,900,000 equity shares, which comprises a fresh issue of 9,000,000 shares and an OFS of 900,000 shares.
-
What does Krishna Buildspace Ltd. do?
Krishna Buildspace Ltd. mainly deals in the EPC sector, offering comprehensive solutions for different infrastructure development projects. The main service areas of the company include design and architecture, pre-construction planning and construction management services.
-
Where will the Krishna Buildspace IPO be listed?
The shares are proposed to be listed on both the BSE and the NSE platforms.
-
What are the primary objectives of the Krishna Buildspace IPO?
The funds of the Krishna Buildspace IPO will be used for working capital needs, debt repayment and general corporate purposes.
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Who is the BRLM of the Krishna Buildspace IPO?
Mefcom Capital Markets Ltd. is the Book Running Lead Manager (BRLM) for the issue of the Krishna Buildspace IPO.
