PCI Infraprojects Limited, an engineering, procurement and construction (EPC) company operating across solar energy, electricity distribution and transmission, and water infrastructure, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering.
The proposed IPO comprises 1,15,00,000 equity shares with a face value of ₹10 each, including an offer for sale of up to 16,75,000 equity shares by promoter and selling shareholder Ankit Tayal. Share India Capital Services Private Limited is the sole Book Running Lead Manager to the issue, while KFIN Technologies Limited is the Registrar.
PCI Infraprojects undertakes EPC projects for state government entities, government undertakings, power utilities and other institutional customers. Its projects include central government-funded programmes across renewable energy, electricity distribution and transmission, and water infrastructure.
The company is based in Noida and counts several public sector organisations among its customers. These include New & Renewable Energy Department, Haryana/HAREDA, Madhya Pradesh Urja Vikas Nigam Limited, Tripura Renewable Energy Development Agency, Maharashtra State Electricity Distribution Company Limited, Maharashtra State Power Generation Company Limited, Rajasthan Renewable Energy Corporation Limited, Kerala State Electricity Board Limited and Jodhpur Vidyut Vitran Nigam Limited.
Alongside its EPC operations, PCI Infraprojects has been manufacturing electrical cables and conductors since 2006. Its product range includes PVC insulated HD electric cables, XLPE insulated PVC sheathed cables, LT XLPE aerial bunched cables, PVC insulated U/A cables, ACSR conductors and AAAC conductors. These products are manufactured at its facility in Sitapura Industrial Area, Jaipur, Rajasthan, and are used in power utilities and infrastructure projects.
According to the DRHP, the company plans to use ₹14,000 lakh from the fresh issue towards meeting its working capital requirements. The remaining proceeds are proposed to be used for general corporate purposes.
PCI Infraprojects is promoted by Ankit Tayal and Mohit Sharma, who together have more than 35 years of experience across manufacturing, EPC, power infrastructure, renewable energy, business development and marketing. Mr Tayal has more than 15 years of experience and oversees the company’s strategic direction and EPC execution. Mr Sharma has over 20 years of experience in business development and marketing and leads initiatives covering new business opportunities, customer relationships, market expansion and key accounts, particularly in the solar and EPC segments.
The company reported revenue from operations of ₹30,409.06 lakh in Fiscal 2026, compared with ₹28,241.07 lakh in Fiscal 2025. Profit after tax stood at ₹2,385.05 lakh in Fiscal 2026. Further financial details of the proposed offer are set out in the DRHP filed with SEBI.
