Eldeco Infrastructure & Properties IPO Date, Details
Eldeco Infrastructure and Properties Ltd, a well-established real estate developer in North India, has taken a major step toward entering the public markets by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO) aiming to raise ₹1,000 crore.
The proposed IPO comprises a fresh issue of shares worth ₹800 crore to fuel growth and debt reduction, along with an Offer-for-Sale (OFS) of up to ₹200 crore by existing promoters, Pankaj Bajaj and Bandana Kohli.