Real Estate Developers Gear Up for IPO Rush

 

Several prominent real estate developers are finalizing plans to tap the capital market with initial public offerings (IPOs) in the coming months, seeking to raise over Rs 15,000 crore. Noida-based BPTP Ltd, Smartworld Developers (owned by the M3M group), Gaursons India, and Mumbai's Wadhwa group are among the companies eyeing listings in either FY26 or FY27.

 

BPTP Ltd has reportedly appointed bankers and intends to raise over Rs 5,000 crore. The company is in the initial stages of filing its draft red herring prospectus (DRHP). BPTP had previously considered a public listing in 2010, aiming to raise Rs 1,500 crore through a 10-25% stake dilution.

 

Smartworld Developers, based in Gurugram, is also preparing for an IPO, with plans to raise between Rs 4,000 crore and Rs 6,000 crore. The company is expected to file its DRHP within the next three to six months, with the IPO timing dependent on market conditions.

 

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Gaursons India and the Wadhwa group are also reportedly considering IPOs, although specific details regarding their fundraising targets and timelines remain undisclosed. These potential IPOs indicate strong confidence in the real estate sector and a desire among developers to fuel expansion and capitalize on favorable market conditions. The funds raised are expected to be used for project development, debt reduction, and overall business growth.