Laxyo Files Rs 150 Cr IPO Papers for Railway Infrastructure Expansion

• Railway infrastructure provider Laxyo Ltd files DRHP with Sebi for a Rs 150 crore IPO.
• The IPO is a fresh issue of equity shares with no Offer For Sale (OFS) component.
• Proceeds will fund debt payment (Rs 70 cr), equipment purchase (Rs 9.75 cr), and working capital (Rs 23 cr).
• Laxyo, founded in 2007, operates in railway infrastructure, mining, and dredging.
• The company recently secured a contract in Zambia, marking its entry into African markets.