• IPO proceeds allocation: The company is raising ₹258 crore through a fresh issue within a ₹427 crore total IPO, primarily directing the funds toward term debt reduction and financing future growth initiatives.
• Order book metrics: The order book stood at approximately ₹7,900 crore as of March 31, 2024, with an average project size of ₹500 to ₹600 crore and a long-term target to maintain visibility at 2 to 2.5 times annual turnover.
• Revenue segment breakdown: The water sector accounts for roughly 80% of total revenue (split 65% irrigation and 35% drinking water), with government contracts contributing 90% of revenue alongside emerging private demand from data centers.
• Margins and receivables: The company expects to maintain its double-digit EBITDA margin trajectory and has sustained an average receivable cycle of approximately 50 days over the past five years across its presence in 12 states.