Eldeco Infrastructure Files DRHP for ₹1,000 Cr IPO
NEW DELHI: Eldeco Infrastructure and Properties has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) as part of its initial public offering (IPO) initiative. The offering includes a combination of fresh share issues totaling ₹800 crore and an offer-for-sale amounting to ₹200 crore from promoter selling shareholders. Each equity share carries a face value of ₹5. The promoters, Pankaj Bajaj and Bandana Kohli, are selling equity shares worth ₹102 crore and ₹98 crore, respectively, each with a face value of ₹5. The company may also consider a pre-IPO placement of up to…