The promoters, Pankaj Bajaj and Bandana Kohli, are offering equity shares aggregating up to ₹102 crore and ₹98 crore, respectively.
The Haryana-based company may consider a pre-IPO placement for up to ₹160 crore. If such placement is completed, the fresh issue size will be reduced.Proceeds from the fresh issue worth ₹
600 crore will be used for repayment or prepayment of certain outstanding borrowings availed by Eldeco Infracon Realtors Ltd, a subsidiary of the company. The remaining funds will be utilised for general corporate purposes.
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Eldeco is a real estate developer in north India with a strong presence in Delhi-NCR as well as tier-II and tier-III cities. With a legacy of 25 years, the company has delivered 86 projects as of March 31, 2025, comprising residential townships, low-rise apartments, and group housing developments.
Also, the company had 19 ongoing projects with a total saleable area of 7.24 million sq ft and 18 forthcoming projects with a total saleable area of 7.37 million sq ft, spread across 14 cities as of March 2025.
In FY25, the company’s revenue from operations surged nearly threefold to ₹695 crore compared to ₹241 crore in FY24.
IIFL Capital Services and JM Financial are the book running lead managers to the issue.
