Eldeco Infrastructure & Properties Receives SEBI Approval for ₹1,000 Crore IPO

Eldeco Infrastructure & Properties Receives SEBI Clearance for ₹1,000 Crore IPO

Eldeco Infrastructure and Properties, a real estate developer based in Haryana, has secured SEBI's approval to raise funds through an initial public offering (IPO) on January 30, 2026. In regulatory terms, SEBI's observation is equivalent to clearance for launching a public issue.

Offer Structure and Use of Proceeds

The proposed public issue comprises a mix of fresh issues of shares worth Rs 800 crore and an offer for sale up to Rs 200 crore by promoters. Proceeds from the fresh issue worth Rs 600 crore will be used for repayment or prepayment of certain outstanding borrowings availed by Eldeco Infracon Realtors, a subsidiary of the company, with the remaining funds utilised for general corporate purposes.

IIFL Capital Services and JM Financial are the book running lead managers to the issue. The offer will list on both BSE and NSE.

Filing Timeline

The company had filed its preliminary IPO papers with SEBI between September and October 2025, obtaining the regulator's observations between January 28 and 30.

About Eldeco Infrastructure & Properties

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 and 86 delivered projects comprising residential townships, low-rise apartments, and group housing developments.

Over 25 years, the company has delivered 86 projects as of March 31, 2025, including residential townships and group housing, totalling over 50 million sq. ft developed area. As of March 31, 2025, Eldeco Infrastructure has 19 ongoing projects, representing a total saleable area of 7.24 million sq. ft, and 18 forthcoming projects covering 7.37 million sq. ft in 14 cities.

Their development footprint spans Delhi, Noida, Greater Noida, Bareilly, Sohna, Gurugram, Panipat, Sonipat, Panchkula, Jalandhar, Ludhiana, Sirmaur, Neemrana, Rudrapur, and Narendra Nagar.

Financial Performance

In fiscal 2025, the company's revenue from operations surged to Rs 694.98 crore, nearly three times higher than the Rs 240.73 crore recorded in fiscal 2024.

Broader Context

Other companies that received regulatory clearance on the same date include HD Fire Protect Ltd, Xtranet Technologies, Parijat Industries India, Rotomag Enertec, CSM Technologies, and AITMC Ventures Ltd.