Abhishek Sinha
Updated: October 3, 2025 | Market Desk
Eldeco Infrastructure and Properties Ltd, a Haryana-based real estate developer, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to launch an initial public offering (IPO) worth ₹1,000 crore.
The IPO will include a fresh issue of ₹800 crore and an offer-for-sale (OFS) of ₹200 crore by promoter selling shareholders.
Eldeco Infrastructure IPO Details
- IPO Size: ₹1,000 crore
- Fresh Issue: ₹800 crore
- Offer-for-Sale: ₹200 crore
- Face Value per Share: ₹5
- Promoter OFS:
- Pankaj Bajaj – up to ₹102 crore
- Bandana Kohli – up to ₹98 crore
- Pre-IPO Placement: Up to ₹160 crore (may reduce fresh issue size)
- Book-Building Process: Yes
- Registrar: Kfin Technologies Ltd
- Lead Managers: IIFL Capital Services, JM Financial
- Proposed Listing: BSE & NSE
Reservation Quota:
- Qualified Institutional Buyers (QIBs): Not less than 75%
- Non-Institutional Investors (NIIs): Up to 15%
- Retail Investors (RIIs): 10%
- Employee Quota: Reserved portion for eligible staff
Fund Utilisation Plan
From the ₹800 crore fresh issue:
- ₹600 crore will be used for repayment or prepayment of borrowings taken by its material subsidiary, Eldeco Infracon Realtors.
- The remaining will go towards general corporate purposes.
Eldeco Infrastructure – Company Overview
Eldeco Infrastructure has been a leading real estate developer in North India for over 25 years, with a strong presence in Delhi-NCR, Tier II, and Tier III cities.
- Projects Delivered: 86 completed as of March 31, 2025
- Total Developed Area: 50+ million sq. ft.
- Reputation: Quality construction, timely delivery, and strong customer trust
Ongoing & Upcoming Projects (as of March 31, 2025):
- Ongoing Projects: 19, covering 7.24 million sq. ft.
- Upcoming Projects: 18, covering 7.37 million sq. ft. across 14 cities
Development footprint includes: Delhi, Noida, Greater Noida, Gurugram, Sohna, Bareilly, Panipat, Sonipat, Panchkula, Jalandhar, Ludhiana, Sirmaur, Neemrana, Rudrapur, and Narendra Nagar.
Financial Performance
Eldeco Infrastructure has posted strong revenue growth in FY25:
- Revenue from Operations (FY25): ₹694.98 crore
- Revenue from Operations (FY24): ₹240.73 crore
This marks a nearly threefold increase in revenue within a year, showcasing strong momentum in the real estate sector.
What’s Next?
The price band, lot size, minimum investment, and IPO opening/closing dates will be announced in upcoming SEBI filings. Once listed, shares will trade on both BSE and NSE.
Bottom Line
The Eldeco Infrastructure IPO offers investors exposure to one of North India’s leading real estate developers, backed by strong growth, an extensive project pipeline, and significant presence across Tier II and III cities. However, investors should track final valuations and market conditions before subscribing.
