IPO Filing: Eldeco Infrastructure Files DRHP With SEBI for ₹1,000 crore IPO

Real estate developer Eldeco Infrastructure has submitted its Draft Red Herring Prospectus (DRHP) to SEBI for an upcoming ₹1,000 crore Initial Public Offering (IPO). The proceeds aim to support business expansion and reduce debt obligations across its subsidiaries.

IPO Structure: Fresh Issue Worth ₹800 Crore, OFS of ₹200 Crore

The ₹1,000 crore IPO comprises ₹800 crore through fresh issue of equity shares and ₹200 crore through Offer for Sale (OFS) by promoters. Pankaj Bajaj and Bandana Kohli will offload shares worth ₹102 crore and ₹98 crore respectively. The face value of each equity share is fixed at ₹5. Additionally, the company may consider a pre-IPO placement of up to ₹160 crore, which could reduce the fresh issue accordingly.

Utilisation of Proceeds

The raised capital will be primarily used to repay or prepay outstanding borrowings of its subsidiary, Eldeco Infracon Realtors Ltd. Remaining funds will be allocated for general corporate expenses. Strategic debt reduction is expected to strengthen the company’s financial position and support its ongoing and future development plans.

Read More: Rays Power Infra Files DRHP With SEBI for ₹1,150 Crore IPO!

Strong Presence in North India’s Real Estate Sector

Founded in 2000, Eldeco Infrastructure has delivered 86 projects across over 20 Indian cities, completing over 50 million square feet in residential townships, low-rise apartments, and group housing segments. The company operates extensively in North India, with projects in Delhi-NCR and cities across Uttar Pradesh, Haryana, Punjab, Himachal Pradesh, Uttarakhand, and Rajasthan.

Future Pipeline and Financial Growth

As of March 31, 2025, Eldeco had 19 ongoing projects spanning 7.24 million square feet and 18 upcoming projects covering 7.37 million square feet across 14 cities. In fiscal 2025, its revenue from operations rose significantly to ₹694.98 crore from ₹240.73 crore in fiscal 2024, reflecting nearly 3 times growth, underlining the company’s robust performance and development potential.

Conclusion

Eldeco Infrastructure’s ₹1,000 crore IPO marks a significant step in its growth journey. With strong financial results, a strategic project pipeline, and a robust presence across tier II and III cities in North India, the company is poised for further expansion fuelled by this capital infusion.

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