Overview

• The offer comprises a Rs 1,700 crore fresh issue and a Rs 300 crore offer-for-sale by promoter Sandeep Subhash Runwal.
• About Rs 1,300 crore of the fresh proceeds are planned for prepayment or repayment of borrowings, with the balance for general corporate purposes.
• The company may conduct a pre-IPO placement of up to Rs 340 crore, which would reduce the fresh issue size if executed.
• ICICI Securities, BOB Capital Markets, IIFL Capital Services and JM Financial are the book-running lead managers, and MUFG Intime India is the registrar.
• The shares are proposed to list on NSE and BSE, and no price band or timetable has been announced as the SEBI review gets underway; the Mumbai- and Pune-focused developer reported FY25 revenue of about Rs 1,163 crore.