Casagrand Premier Builder Ltd. IPO Details
Casagrand Premier Builder was incorporated on November 19, 2003. It is the largest residential developer and a well-known brand in Chennai. They have a presence in each micro-market, offering a variety of projects, including apartments and villas, across luxury, mid-end, and affordable categories. Their focus is on the mid-end segment, and all under the casagrand brand
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹12,200.0 M | DRHP DOC |
Casagrand Premier Builder issue details
Casagrand Premier Builder IPO issue size is ₹ 12,200.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Casagrand Premier Builder IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Casagrand Premier Builder NUMBER OF SHARES ON OFFER
Casagrand Premier Builder FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY26 | 172.1 | -32.5 | -220.7 | -224.0 | 43.0% |
| FY25 | 2,695.9 | 234.5 | 749.6 | 676.2 | 30.4% |
| FY24 | 2,614.0 | 256.9 | -120.1 | -165.8 | 31.1% |
| FY23 | 2,492.0 | 226.1 | -674.2 | -717.9 | 25.8% |
Casagrand Premier Builder INFORMATION ON IPO ISSUE
About Casagrand Premier Builder
Casagrand Premier Builder was incorporated on November 19, 2003. It is the largest residential developer and a well-known brand in Chennai. They have a presence in each micro-market, offering a variety of projects, including apartments and villas, across luxury, mid-end, and affordable categories. Their focus is on the mid-end segment, and all under the casagrand brand
Object of the Issue
- Repayment or prepayment, in full or in part, of outstanding borrowings by the company
- Prepayment or repayment, in full or part, of outstanding borrowings by their wholly owned subsidiaries and step-down subsidiaries.
- General corporate purposes
Casagrand Premier Builder - PROMOTERS
| Name |
|---|
| Arun MN |
| Casagrand Luxor Private Limited |
Casagrand Premier Builder - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Arun MN | Chairman & Managing Director |
| Sumanth Krishna Raghunathan | Whole-time Director |
| CG Sathish | Executive Director |
| Raju Venkatraman | Independent Director |
| K V Ganesh | Independent Director |
| Rohini Manian | Independent Director |
Casagrand Premier Builder Book Running Lead Managers
DAM Capital Advisors Limited
casagrand.ipo@damcapital.in
Motilal Oswal Investment Advisors Limited
casagrand.ipo@motilaloswal.com
Casagrand Premier Builder Registrar to the Offer
KFin Technologies Limited
cpbl.ipo@kfintech.com
Casagrand Premier Builder Strengths
Leading residential developer
The company is the largest residential developer and a well-known brand in Chennai, holding a 24% market share. According to the market report, they have rapidly expanded in the Chennai market over the past five years and are the leading developer in the organized villas segment
Experienced management team
The company has an experienced management team, led by the Chairman and Managing Director guiding overall operations and strategy. The company utilizes the expertise of its promoters, directors, and senior management to grow the business and pursue new opportunities
End-to-end in-house execution
The company has developed in-house capabilities for all stages of project development, from land acquisition to execution, including design, planning, construction, marketing, sales, and project delivery
Casagrand Premier Builder Risks
Geographically concentrated
Most of the company’s real estate development is concentrated in Chennai and Tamil Nadu. Any changes in market conditions there could impact project sales and pricing, potentially harming business and financial performance
Focus on mid-end residential projects
Residential projects primarily target the mid-end category of customers, accounting for 92.2% of its revenue in FY24. Failure to anticipate and meet consumer preferences in the mid-end category could negatively impact the business, cash flows, and financial condition
Capital intensive nature
The company's business is capital-intensive and relies on real estate financing, which may not always be available on acceptable terms or in a timely manner. This could adversely affect the business, operations, and cash flow
IPO FAQs
The promoters of the company are Arun MN and Casagrand Luxor Private Limited.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.