23/4/2025, 2:59:04 pm

Mumbai realtor Wadhwa plans to raise up to Rs 2,500 crore through IPO

The Wadhwa group plans to raise Rs 2,000-2,500 crore via IPO at a Rs 9,000 crore valuation. Funds will repay debt and finance new projects. Investment banks ICICI Securities, JM Financial, and DAM Capital are involved. The move follows recent Mumbai real estate IPOs by Lodha (Rs 2,500 crore), Rustomjee (Rs 635 crore), Arkade (Rs 410 crore), and Suraj Estate (Rs 400 crore).