Eldeco Infrastructure and Properties Ltd. IPO Details
Eldeco Infrastructure and Properties was incorporated on March 16, 2000. The company is an established North Indian real estate developer with a 25-year legacy, completing 86 projects totalling over 50 msf across 20+ cities. As of March 2025, it has 19 ongoing and 18 forthcoming projects (14.61 msf) across Delhi-NCR and tier II/III cities, maintaining a reputation for quality and timely delivery
| 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 | - | - | ₹10,000.0 M | DRHP DOC |
Eldeco Infra & Properties issue details
Eldeco Infra & Properties IPO issue size is ₹ 10,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Eldeco Infra & Properties 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 |
Eldeco Infra & Properties NUMBER OF SHARES ON OFFER
Eldeco Infra & Properties 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 |
| FY25 | 695.0 | -63.8 | -430.8 | -504.1 | 16.4% |
| FY24 | 240.7 | 10.1 | -129.7 | -146.4 | 66.7% |
| FY23 | 287.8 | -20.6 | -100.6 | -225.1 | 18.7% |
Eldeco Infra & Properties INFORMATION ON IPO ISSUE
About Eldeco Infra & Properties
Eldeco Infrastructure and Properties was incorporated on March 16, 2000. The company is an established North Indian real estate developer with a 25-year legacy, completing 86 projects totalling over 50 msf across 20+ cities. As of March 2025, it has 19 ongoing and 18 forthcoming projects (14.61 msf) across Delhi-NCR and tier II/III cities, maintaining a reputation for quality and timely delivery
Object of the Issue
- Repayment/prepayment of certain outstanding borrowing (including secured non-convertible debentures) availed by Eldeco Infracon Realtors, one of their material subsidiaries
- General corporate purposes
Eldeco Infra & Properties - PROMOTERS
| Name |
|---|
| Pankaj Bajaj |
| Bandana Kohli |
Eldeco Infra & Properties - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Pankaj Bajaj | Chairman & Managing Director |
| Vikas Srivastava | Non-Executive Director |
| Shrikant Jajodia | Non-Executive Director |
| Ranjit Khattar | Independent Director |
| Geeta Dutta Goel | Independent Director |
| Ajay Mehra | Independent Director |
Eldeco Infra & Properties Book Running Lead Manager
IIFL Capital Services Limited
eldeco.ipo@iiflcap.com
JM Financial Limited
eldeco.ipo@jmfl.com
Eldeco Infra & Properties Registrar to the Offer
KFin Technologies Limited
eldeco.ipo@kfintech.com
Eldeco Infra & Properties Strengths
Regional presence
The company is a leading real estate developer in North India with a strong presence in Delhi-NCR. It continues to expand into Tier II and Tier III cities through premium residential projects like Eldeco La Vida Bella and Eldeco Fairway Reserve, which have achieved strong pre-sales
Project execution capabilities
The company’s strategy focuses on strong execution and end-to-end project management from land acquisition to delivery across North India. It emphasises timely completion, quality construction using modern technology, and customer-centric design, supported by an extensive network of 850+ channel partners driving sales in the premium mid-income housing segment
Expansion risks
While early operations in Delhi-NCR built its brand recognition, the company’s key strength lies in expanding across multiple North Indian cities, including emerging markets with lower development costs. Backed by strong research, it has entered seven new cities in the past decade, gaining early-mover advantages in high-potential locations like Bareilly, Rudrapur, and Panchkula
Eldeco Infra & Properties Risks
Competition
The company faces risks related to land acquisition, including challenges in identifying and acquiring suitable, litigation-free land amid limited supply, rising competition, and regulatory constraints. Intense competition in North India, especially around Delhi-NCR, may lead to higher land prices, potential oversupply, and lower property sales, adversely affecting business performance
Approvals & licenses
The company must obtain and maintain various statutory and regulatory approvals for its projects, including land use, environmental, fire safety, and occupancy certificates. Some ongoing and forthcoming projects are still awaiting certain approvals or require renewals, which may affect project timelines
Capital intensive
The company operates in a capital-intensive real estate industry, requiring substantial upfront investment in land, approvals, construction, and marketing, often over long gestation periods. Despite feasibility assessments, there is no guarantee that these investments will generate profits or be fully recoverable from project sales
IPO FAQs
The promoters of the company are Pankaj Bajaj and Bandana Kohli.
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%.