Eldeco Infrastructure is set to launch an IPO amounting to ₹1,000 crore. The offering includes fresh shares valued at ₹800 crore, while promoters will sell shares worth ₹200 crore. Notably, Pankaj Bajaj aims to sell shares worth ₹102 crore and Bandana Kohli plans to sell shares worth ₹98 crore. Each share is priced at ₹5. The majority of the funds raised will be allocated for loan repayments, with a portion designated for company operations. Established 25 years ago, Eldeco is a prominent real estate firm in North India, having completed 86 projects, with 19 currently ongoing and 18 in the pipeline.
The projected revenue for 2025 is ₹695 crore, with key operations in cities such as Delhi, Noida, Gurugram, Bareilly, and Ludhiana. The lead managers for this IPO are IIFL Capital and JM Financial, with KFin Technologies serving as the registrar.