Hyderabad: Hyderabad-based turnkey sports infrastructure solutions provider, Great Sports Infra is planning to go for a SME IPO during late July. The company plans to raise about Rs 35-30 crore through the IPO.
Great Sports Infra managing director Anil Kumar told Telangana Today, “We have engaged a merchant banker already for this purpose. A lot of that fundraise is expected to fund our expansion plans. We will also build on our product portfolio. We have built a robust platform and we are seeing the economy is growing and the sporting culture is picking up in India. We are at a good inflection point where we want to strengthen our marketing and sales effort further. We will also improve our execution capabilities and are well positioned with our balance sheet. We have maintained a good track record and are expecting the IPO to support our expansion plans.”
The company actively looks at expanding its products in South Asia both directly and through local partners. It will also push for adoption of sub-air technologies in all the Cricket playing nations, he informed.
Anil Kumar added, “We are the pioneers in introducing next-generation products for sports in India, since 2004. Our fully-built range of products is suitable for a range of usage cases, from amateurs to international players. We are also the first to introduce next-generation long-pile artificial grass for sports and landscaping in India. We have created niche by offering most innovative solutions that exist anywhere in the world.”
Among the recent projects, the company has executed a 15,000-seater modular gallery for a Mizoram stadium. This is one of the most high profile projects that the company has executed in the last one year, Anil Kumar said, adding that they have done a business of Rs 68 crore during the last fiscal and are seeing good growth prospects this year with at least a 15 per cent jump.
Talking about the growth trends in the sports infrastructure space, he added, “We are seeing far broad-based outlook from the conventional to new technology adoption in stadiums. There are signs of green shoots coming from the sector and all this will work in favour of us.”
He explains further, the company is seeing early adopters in many States embracing new technologies for stadiums and other sports facilities.
“We had also been knocking a lot of doors as the sector needs revamping the way grounds and stadiums are managed. We will credit the buyers who have tested the technologies. Their faith has rewarded them. India is gradually becoming a sporting nation. We are seeing a better acceptance than what we experienced a decade ago,” he added.
In future, Great Sports Infra will continue to look at innovation to make infrastructure less expensive and make sports projects financially viable. The company has so far done works not only in 25 States within India but also in 6-7 nations in South Asia-including Maldives, Sri Lanka, Mauritius, Bangladesh, Thailand and Afghanistan. It wants to make sure that good technologies are available to adopt.