Infra.Market

Hella Infra Market Ltd, the parent of Infra.Market, still holds the live SEBI approval dated January 2026 for the roughly Rs 5,000 crore IPO it pre-filed by the confidential route in October 2025, and no withdrawal of that filing has been announced. Inc42 reported on 14 August 2026, citing one person familiar with the company's plans, that Infra.Market will withdraw those confidential papers and put its standalone listing on hold; that report describes an intention rather than a completed step, and the company has confirmed nothing. The reverse-listing alternative has now cleared its shareholder gate: at an extraordinary general meeting held by video conference on 11 September 2026, Shalimar Paints shareholders passed all four special resolutions behind the transaction — a preferential issue of equity for cash, the preferential issues of up to 41,70,21,987 equity shares and 81,12,02,664 compulsorily convertible preference shares at Rs 85 each as non-cash consideration to Hella Infra Market shareholders, and a Rs 1,000 crore qualified institutional placement. Approval was reported at 99.35% on the two non-cash resolutions and 99.58% on the cash issue and the QIP, with the promoters voting entirely in favour and public non-institutional holders opposing the non-cash items at roughly 30%. The EGM notice values Hella Infra Market at about Rs 10,454 crore against a Rs 82.50 floor price determined by Saksham Valuer Private Limited; on completion Hella Infra Market would become an unlisted material subsidiary of Shalimar Paints and its shareholders would hold more than 77% of the enlarged listed entity, with the two companies separately described as exploring a later unification subject to approvals. The transaction is structured as a preferential allotment rather than a scheme of merger, so no NCLT scheme has been announced, and the vote is an authorisation rather than a completion: the allotment itself, together with stock-exchange and regulatory clearance, is still outstanding, and no allotment has been reported in the weeks since the meeting. A 20% jump in Shalimar Paints shares on 3 August 2026, nine days before the deal was announced and on volumes more than five times the 15-day average, drew queries from the NSE and BSE, with the company stating that it, its promoters and its key managerial personnel knew of no reason for the move. Infra.Market has announced no formal change to its standalone IPO plans, and press continues to describe the swap as an alternative route to the market rather than a replacement.

Infra.Market shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.

Infra.Market had a valuation of approximately $2.8B at the time of its public offering. Current market capitalization fluctuates with the share price.

Infra.Market raised $814.06M across 18 disclosed funding rounds prior to its public listing.

Infra.Market was co-founded by Souvik Sengupta, and Aaditya Sharda in 2016.

Infra.Market is headquartered in Thane, Maharashtra, India.