Eldeco Infrastructure and Properties IPO

About Eldeco Infrastructure and Properties IPO

The IPO of Eldeco Infrastructure and Properties comprises a fresh issue aggregating up to ₹800 crores and an offer for sale aggregating up to ₹200 crores. The total size of the offer is ₹1000 crores. It’s a 100% book-built issue. The price band is TBA. The IPO opens on TBA and closes on TBA.

The listing date is on TBA and the allotment date is on TBA. The credit of shares to the Demat accounts of the allottees will take place on TBA, while initiation of refunds will take place on TBA.

Eldeco Infrastructure and Properties is an established real estate developer in North India with a strong presence in Delhi-NCR and tier II and tier III cities having completed and ongoing projects in over 20 cities in India since 2000. The company has delivered residential townships, low rise apartments, and group housing, across 86 projects amounting to more than 50 msf.

Objectives of Eldeco Infrastructure and Properties IPO

The company proposes to utilise the IPO proceeds for:

• Repayment / prepayment of certain outstanding borrowing (including secured non-convertible debentures) availed by Eldeco Infracon Realtors, a material subsidiary
  
• General corporate purposes
  

Industry Outlook

India’s real estate sector primarily consists of the development of residential properties, commercial buildings, data centres, warehouses, retail spaces, as well as the buying and selling of land and development rights. The real estate sector, combined with the construction sector, plays an important role in the overall development of India’s core infrastructure. The growth of this sector is closely linked to the expansion of the corporate environment and the increasing demand for office spaces, as well as the development of urban and semi-urban settlements.

The real estate sector is anticipated to reach US$ 650 billion by 2025 and contribute 13% to India’s GDP and US$ 5.8 trillion by 2047, significantly boosting its contribution to GDP from 10% in 2023 to 14.8% in 2030 and 15.5% by 2047. As of 2023, the Indian real estate market is valued at approximately $360 billion, with 80% attributed to the residential segment and 20% to the commercial sector.

India’s real estate landscape has undergone significant transformation over the past decade, driven by rapid urbanisation, economic growth, and infrastructural advancements. In 2024, India’s residential sector saw record sales and new launches, overcoming concerns about monetary tightening’s impact on housing loans.

Eldeco Infrastructure and Properties Company Information

Eldeco Infrastructure and Properties is an established real estate developer in North India with a strong presence in Delhi-NCR and tier II and tier III cities having completed and ongoing projects in over 20 cities in India since 2000. It has a 25-year-old legacy and as on March 31, 2025, the company has delivered residential townships, low rise apartments, and group housing, across 86 projects amounting to more than 50 msf.

It strives to maintain a strong reputation by delivering quality construction and completing projects on time, with the intent to achieve and maintain widespread trust in the markets it operates.

Strengths of Eldeco Infrastructure and Properties

• Established real estate developer in the North Indian market with a brand-led portfolio of residential projects diversified across micro-markets, asset classes and price points
  
• Large ongoing and forthcoming project pipeline backed by clear cash flow visibility
  
• Ability to enter and operate in markets across North India
  
• Execution capabilities with ability to deliver projects and a strong distribution network across multiple markets simultaneously
  
• Strong track record of promoter and the experienced and qualified management team along with positive working environment fostering longevity
  

Risks of Eldeco Infrastructure and Properties

• History of losses in the past and any losses in future periods could adversely affect financial condition
  
• Little presence in commercial and industrial segments may expose to segment-specific risks and limit revenue diversification
  
• Exposed to risks originating from regulatory, socio-economic, political and other changes in the national capital region
  
• Net negative cash flows in the past and any negative cash flows in the future could adversely affect cash flow requirements
  
• Exposed to the risks pertaining to land acquisition, including inability to identify and acquire land
  
• Residential projects have long gestation periods and any delays and cost overruns could adversely affect business
  
• Failure to meet RERA’s regulatory obligations could lead to actions and penalties against the company
  
• Failure to obtain, maintain or renew statutory and regulatory obligations may adversely affect business
  
• The company operates in a capital-intensive industry and there can be no assurance that its capital investments will result in commensurate returns
  
• Capital intensive business that requires significant expenditure
  

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Managers

• IPO Registrar: KFin Technologies
• Book Running Lead Managers: IIFL Capital Services and JM Financial

Eldeco Infrastructure and Properties Business Model

Eldeco Infrastructure and Properties is into developing residential townships, low rise apartments and group housing. The company has also been developing and delivering large-scale integrated townships that include a mix of plotted developments and premium villas, offering aspirational living in emerging cities. It has developed both residential townships and group housing or high-rise apartments and has also forayed into commercial real estate development from time to time.

Eldeco Infrastructure and Properties Growth Trajectory

Revenue from operations of Eldeco Infrastructure and Properties grew from ₹287.757 crores in FY 23 to ₹694.978 crores in FY 25. Its launches increased from 0.12 msf in FY 23 to 3.14 msf in FY 25, while deliveries increased from 0.22 msf in FY 23 to 1.38 msf in FY 25. A brand-led portfolio of residential projects diversified across micro-markets, asset classes and price points have helped the company grow over the years.

Eldeco Infrastructure and Properties Market Position

Eldeco Infrastructure and Properties is present across multiple cities of North India such as Delhi, Noida, Greater Noida, and Bareilly in Uttar Pradesh. It also has presence in Sohna, Gurugram, Panipat, Sonipat and Panchkula in Haryana and Jalandhar and Ludhiana in Punjab. The company also enjoys presence in Sirmaur in Himachal Pradesh, Neemrana in Rajasthan and Rudrapur and Narendra Nagar in Uttarakhand.

How to Check Allotment Status of Eldeco Infrastructure and Properties IPO?

1. Visit the Registrar’s Website

• Visit the official website of KFin Technologies
  
• Click on ‘IPO Allotment Status’ from ‘Investors’ under ‘Products’
  
• Click on any one of the appearing links
  
• Choose IPO name and enter either your application number, Demat account or PAN number
  
• Enter captcha and click on ‘Submit’ to know the status
  

2. Check on the National Stock Exchange Website

The National Stock Exchange (NSE) website has an IPO bid verification module. You can use it to check the allotment status of Eldeco Infrastructure and Properties IPO. Go to the NSE website and find the ‘Invest’ tab. Click on ‘Verify IPO Bids’ under ‘Resources & Tools’.

On the NSE IPO bid verification page, enter:

• Company name from dropdown
  
• Application number
  
• PAN
  

Then click ‘Submit’ to know the allotment status.

3. Check on BSE Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the ‘Investors’ tab. Under ‘Investors’, click on ‘IPO’. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Select ‘Equity’ from the dropdown menu
  
• Choose ‘Eldeco Infrastructure and Properties’ in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click ‘Search’ to know allotment status
  

How to Apply for the Eldeco Infrastructure and Properties IPO?

To apply for this IPO:

• Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.