India, Aug. 14 -- The Infra.Market IPO was never easy to follow.

It all started with RDC Concrete. In 2021, Infra.market acquired RDC Concrete from True North for around Rs.730 Cr, and for a while, the talk was about taking this ready-mix concrete business public.

Then the picture changed.

One reason could be that RDC was only one part of Infra.Market's larger building materials business. Over the next few years, the company expanded into steel, tiles, aggregates, construction chemicals, paints and other categories through acquisitions and manufacturing businesses.

The question then shifted from whether RDC should go public to whether Infra.Market itself should be listed, given the spread-out operations and business interests.

As if ...