Anarock Property Consultants IPO
Anarock Property Consultants Limited has filed a draft red herring prospectus (DRHP) with SEBI for a mainboard IPO, a fresh issue and offer for sale. As of SEBI's report dated 30 October 2026, the draft is under SEBI review. The draft proposes a fresh issue of up to ₹550 crore and an offer for sale of up to ₹450 crore by promoters Peter Properties and Khushi Trust, 360 ONE funds and other shareholders. In FY26 the company made a profit of ₹93.22 crore on revenue of ₹881.90 crore. The price band, lot size and IPO dates are not announced yet.
- Status
- Under SEBI reviewSEBI report, 30 Oct 2026
- SEBI received draft
- 5 Oct 2026
- Type of issue
- Fresh issue and offer for sale
- Lead manager
- ICICI Securities Limited
- Last SEBI contact
- 26 Oct 2026
- Price band and dates
- Not announced
Where it stands
Anarock Property Consultants IPO: where it stands
SEBI processing status, 30 Oct 2026- Draft filed with SEBI5 Oct 2026
- SEBI reviewUnder SEBI review
- SEBI observations
- RHP and price bandNot yet
- Bidding and listingNot yet
SEBI is examining the draft offer document. This is SEBI's own list of drafts under process.
SEBI received the draft on 5 October 2026, 32 days ago, and its last communication on the draft was on 26 October 2026 (day count is our calculation).
DRHP at a glance
Anarock Property Consultants DRHP at a glance
Draft red herring prospectus, 30 Sep 2026What the company's draft offer document says. Figures can change in the red herring prospectus, and nothing here is a review or a recommendation.
The business
DRHP, Risk Factors (p. 24 to 28)Anarock Property Consultants is a real estate services company. It sells homes for developers on exclusive mandates, advises on office, retail and land deals, and offers research and consulting. Much of its revenue depends on deals closing and milestones being met.
It plans to buy the rest of DSP Design Associates with money from the IPO. Its promoters include founder Anuj Puri. It made a profit in each of the last three years.
The offer
DRHP cover page, The Offer (p. 63) and Objects of the Offer (p. 135)| Fresh issue | Up to ₹550 croreMoney goes to the company |
| Offer for sale | Up to ₹450 croreIncluding Peter Properties ₹130.95 crore and 360 ONE Special Opportunities Fund ₹104.47 crore; average costs ₹2.17 to ₹80.48 a share |
| Shares before the IPO | 12,35,52,566Face value ₹1. After convertible instruments convert (10,30,36,252 before) |
| Pre-IPO placement | Up to ₹110 croreOptional; would reduce the fresh issue |
| Listing | BSE and NSEMainboard, under Regulation 6(1) |
| Lead managers | ICICI Securities Limited and IIFL Capital Services Limited |
| Registrar | KFin Technologies Limited |
| Promoters | Anuj Puri, Rohin Raja Shah, Priti Puri, Nita Shah, Khushi Trust and Peter Properties Limited |
What the company plans to do with the money
DRHP, Objects of the Offer (p. 135 to 137)| Object | ₹ crore | Share of fresh issue |
|---|---|---|
| AI and technology for certain business lines | ||
| Hiring talent for existing and new services | 89.50 | 16.3% |
| Buying the rest of DSP Design Associates | 148.00 | 26.9% |
| General corporate purposes (set later, up to 25% of the fresh issue) |
Each object's share of the ₹550 crore fresh issue, shown in the table, is our calculation; the AI and technology amount is in the DRHP, Objects of the Offer (p. 135 to 137). Offer expenses are deducted before these amounts. The offer for sale money goes to the selling shareholders, not the company.
Financials
DRHP, Summary of Financial Information (p. 66 to 72) and Basis for Offer Price, KPIs (p. 154 onwards), ₹ crore| ₹ crore | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue from operations | 509.23 | 658.95 | 881.90 |
| EBITDA | 85.61 | 92.12 | 150.82 |
| Adjusted EBITDA margin | 14.23% | 17.13% | 17.10% |
| Profit after tax | 44.94 | 60.78 | 93.22 |
| Diluted EPS (₹) | 4.51 | 4.91 | 7.25 |
| Total equity | 400.28 | 543.39 | 655.51 |
| Cash from operations | 26.57 | 93 | -12.07 |
Restated consolidated figures, not pro forma. Revenue grew about 31.6% a year from FY24 to FY26 (our calculation).
Risks the draft lists first
DRHP, Risk Factors (p. 24 to 28)- Real estate cycleThe business depends on the real estate sector, which is cyclical. (Risk factor 1, p. 24)
- Deal timingMuch revenue depends on deals closing or milestones being met. (Risk factor 2, p. 26)
- ReceivablesIt has large trade receivables, and collections can take long. (Risk factor 3, p. 26)
- ClientsIt depends on keeping and deepening client relationships. (Risk factor 4, p. 27)
- SeasonalityResults can swing between quarters with the timing of launches and deals. (Risk factor 5, p. 28)
- MandatesExclusive home sales mandates last 9 to 24 months and must be replaced. (Risk factor 6, p. 28)
Documents
Anarock Property Consultants DRHP and documents
SEBI filingsThe DRHP has the issue size, use of the money, financials, promoters and risk factors. It can change before the final red herring prospectus.
Questions
Anarock Property Consultants IPO FAQs
When will the Anarock Property Consultants IPO open?
The date is not announced. The company first needs SEBI's observations on its draft, then files a red herring prospectus with the dates. SEBI received the draft 32 days ago (our calculation).
Has SEBI approved the Anarock Property Consultants IPO?
SEBI is examining the draft offer document. This is SEBI's own list of drafts under process. Source: SEBI processing status as on 30 October 2026.
What is the Anarock Property Consultants IPO price band and lot size?
Not announced. The price band is published at least two working days before the IPO opens, and the lot size is set with it. We add both here the day they are filed.
What is the Anarock Property Consultants IPO GMP?
We do not publish a GMP. Grey market premium is unofficial: it is not regulated by SEBI and not published by any exchange. Before the price band is announced there is no issue price to compare it with.
Who is the lead manager of the Anarock Property Consultants IPO?
ICICI Securities Limited is the coordinating book running lead manager named in SEBI's processing status report. The DRHP lists all the lead managers and the registrar.
What will Anarock Property Consultants do with the IPO money?
According to the DRHP, the fresh issue money goes to hiring talent for existing and new services (₹89.50 crore), buying the rest of DSP Design Associates (₹148.00 crore), and the rest to general corporate purposes. The offer for sale money goes to the selling shareholders, not the company.
What does Anarock Property Consultants do?
Anarock Property Consultants is a real estate services company. It sells homes for developers on exclusive mandates, advises on office, retail and land deals, and offers research and consulting. Much of its revenue depends on deals closing and milestones being met.
Where can I read the Anarock Property Consultants DRHP?
On SEBI's website, where the draft red herring prospectus was published on 5 October 2026. The draft is dated 30 September 2026 and runs to 696 pages. It has the issue size, use of the money, financials and risk factors.
Sources: SEBI processing status of draft offer documents as on 30 October 2026, SEBI's yearly processing status archive and SEBI's list of draft offer documents, and the company's DRHP dated 30 September 2026. Day counts and the last date to open are our calculations. This page is information only, not a recommendation.