LIVE
NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%

Sanghvi Housing Files DRHP With SEBI For IPO

By Business DeskSanghvi Housing Files DRHP With SEBI For IPO

Mumbai real estate developer Sanghvi Housing files DRHP with SEBI for an IPO of up to 6 million shares to fund ongoing projects and expansion plans.

Mumbai-based real estate developer Sanghvi Housing and Infrastructure has officially filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India to launch an initial public offering. The upcoming public issue consists of a fresh issue of up to 6,000,000 equity shares, each carrying a face value of ₹10.

IPO Structure and Financial Metrics

The core parameters of the issue and the company’s financial results demonstrate steady performance. The key metrics of the offering and the business include specific figures reported for the fiscal period.

  • Lead Manager: Aryaman Financial Services acts as the book running lead manager for the issue.
  • Revenue: Revenue from operations reached ₹101.83 crore in FY26.
  • Profitability: Profit after tax climbed to ₹26.26 crore in FY26.

Deployment of Funds and Project Footprint

Led by promoters Prithviraj Sankalchand Sanghvi and Pakshal Prithviraj Sanghvi, the firm focuses on residential and commercial construction across the Mumbai Metropolitan Region and Thane district. The capital raised from the fresh issue is allocated toward specific corporate objectives and subsidiary funding.

  • Subsidiary Investments: Funds will be channeled into Sanghvi Green LLP, SanghviP Builders LLP, and Psanghvi & Jain Builders LLP.
  • Project Development: Proceeds will support ongoing construction for projects named Sanghvi Horizon, Sanghvi Boulevard, and Sanghvi Sapphire.
  • Future Growth: Remaining capital will target the acquisition of future projects alongside general corporate purposes.

The company maintains a broader portfolio spanning 31 projects, holding a significant presence across Mumbai’s western suburbs. Aryaman Financial Services steers the public offering as the designated book running lead manager.

Home/business/Article