Haryana-based real estate developer Eldeco Infrastructure and Properties has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO), according to regulatory observations issued by the market watchdog.
The proposed IPO will comprise a fresh issue of equity shares worth ₹800 crore, along with an offer for sale (OFS) of up to ₹200 crore by the promoters, taking the total issue size to ₹1,000 crore.
Proceeds from the fresh issue are expected to be used to strengthen the company’s balance sheet, fund ongoing and future real estate projects, and support general corporate purposes, in line with typical capital deployment strategies adopted by real estate developers tapping public markets.
Eldeco Infrastructure and Properties is part of the Eldeco Group, which has a long-standing presence in North India’s real estate sector. The company is engaged in the development of residential, commercial, and integrated township projects, with a strong footprint across Haryana, Uttar Pradesh, and other northern states.
The IPO approval comes at a time when real estate listings have been gaining traction, supported by improving residential demand, stable interest rates, and stronger project execution by organised developers. Several realty firms have either gone public or are in advanced stages of preparing their IPOs, as investor appetite for asset-backed businesses improves.
With SEBI’s nod now in place, Eldeco Infrastructure and Properties is expected to finalise its IPO timeline, appoint intermediaries, and file its red herring prospectus in the coming weeks, subject to market conditions.
The listing will allow the company to access long-term capital markets, while also providing partial liquidity to promoters through the OFS component.
Follow Startupbydoc for daily startup insights, funding news, IPO analysis, and business breakdowns.