Athira Sethu
Kochi, 27 March 2026
Laxyo Limited, which provides EPC (Engineering, Procurement, and Construction) services in the railway infrastructure sector, has filed a draft red herring prospectus (DRHP) with the Securities Exchange Board of India (SEBI) to make an initial public offering (IPO) of shares.
The company is issuing fresh shares totaling ₹150 crores as part of the IPO. There will be no share sale by the current shareholders (offer for sale/OFS). The funds will be utilized for:
- Settling some of the company’s current loans.
- Purchasing new equipment.
- Working capital requirements.
- General business needs.
The company will also gain by being listed on the exchanges, enhancing brand recognition, and providing a public platform for the company’s shares.
The sectors in which Laxyo operates include railway infrastructure, mining services, raise boring services, dredging services, and maintenance of industrial and thermal plants. It has been in operation since 2007, and over the years, it has expanded its services to different sectors. However, its key area of operation is railway infrastructure.
In the financial year 2025, Laxyo generated a revenue of ₹211.10 crore, compared to ₹174.30 crore in the previous financial year. The profit after tax in the financial year 2025 was ₹11.65 crore, compared to ₹6.32 crore in the previous year.
