Construction technology startup Infra.Market is reportedly bypassing a traditional IPO by pursuing a reverse merger with the publicly listed entity Shalimar Paints.
The move is expected to provide the company with immediate access to public markets, allowing it to leverage Shalimar Paints' existing stock exchange listing to raise capital.
Market analysts are closely watching the deal, which could set a precedent for other high-growth startups looking to avoid the regulatory complexities and costs associated with a standard IPO process.