Eldeco Infrastructure and Properties Ltd, a prominent real estate developer in North India, has officially filed draft papers with the Securities and Exchange Board of India (SEBI) to launch its much-anticipated initial public offering (IPO) worth ₹1,000 crore.
Also read:-How To Check RERA Registered Projects in Noida: A Complete Guide
IPO Structure
According to the draft red herring prospectus (DRHP) filed on September 30, the offering will include:
- Fresh issue of shares: ₹800 crore
- Offer for sale (OFS): ₹200 crore by promoters
Within the OFS, promoter Pankaj Bajaj will offload shares worth ₹102 crore, while Bandana Kohli will sell equity shares worth ₹98 crore.
Additionally, the company may consider a pre-IPO placement of up to ₹160 crore. If executed, the fresh issue size will be reduced accordingly.
Also read:-How to Check RERA Registered Projects in Delhi?
Use of Proceeds
Eldeco plans to allocate ₹600 crore from the fresh issue towards repayment or prepayment of certain borrowings availed by its subsidiary, Eldeco Infracon Realtors Ltd. The remaining funds will go towards general corporate purposes.
Business Strengths
With over 25 years of experience, Eldeco has built a strong footprint across Delhi-NCR, tier-II, and tier-III cities. As of March 31, 2025:
- The company had delivered 86 projects, including residential townships, group housing, and low-rise apartments.
- 19 projects were ongoing, spanning 7.24 million sq ft of saleable area.
- 18 upcoming projects are in the pipeline, covering 7.37 million sq ft across 14 cities.
Also read:-Delhi Metro Blue Line 2025: Station | Route | Maps | Timings
Financial Performance
Eldeco has shown remarkable growth, with its FY25 operational revenue nearly tripling to ₹695 crore compared to ₹241 crore in FY24. This sharp rise underscores both its execution capability and strong market demand.
Also read: List of Top 10 Builders and Developers in Gurgaon
Lead Managers
IIFL Capital Services and JM Financial are the appointed book-running lead managers for the IPO.
Eldeco Infrastructure and Properties Ltd, a prominent real estate developer in North India, has officially filed draft papers with the Securities and Exchange Board of India (SEBI) to launch its much-anticipated initial public offering (IPO) worth ₹1,000 crore.
Also read:-How To Check RERA Registered Projects in Noida: A Complete Guide
IPO Structure
According to the draft red herring prospectus (DRHP) filed on September 30, the offering will include:
- Fresh issue of shares: ₹800 crore
- Offer for sale (OFS): ₹200 crore by promoters
Within the OFS, promoter Pankaj Bajaj will offload shares worth ₹102 crore, while Bandana Kohli will sell equity shares worth ₹98 crore.
Additionally, the company may consider a pre-IPO placement of up to ₹160 crore. If executed, the fresh issue size will be reduced accordingly.
Also read:-How to Check RERA Registered Projects in Delhi?
Use of Proceeds
Eldeco plans to allocate ₹600 crore from the fresh issue towards repayment or prepayment of certain borrowings availed by its subsidiary, Eldeco Infracon Realtors Ltd. The remaining funds will go towards general corporate purposes.
Business Strengths
With over 25 years of experience, Eldeco has built a strong footprint across Delhi-NCR, tier-II, and tier-III cities. As of March 31, 2025:
- The company had delivered 86 projects, including residential townships, group housing, and low-rise apartments.
- 19 projects were ongoing, spanning 7.24 million sq ft of saleable area.
- 18 upcoming projects are in the pipeline, covering 7.37 million sq ft across 14 cities.
Also read:-Delhi Metro Blue Line 2025: Station | Route | Maps | Timings
Financial Performance
Eldeco has shown remarkable growth, with its FY25 operational revenue nearly tripling to ₹695 crore compared to ₹241 crore in FY24. This sharp rise underscores both its execution capability and strong market demand.
Also read: List of Top 10 Builders and Developers in Gurgaon
Lead Managers
IIFL Capital Services and JM Financial are the appointed book-running lead managers for the IPO.
