Casagrand Premier Builder Limited get SEBI nod for its IPO

Mumbai June 12, 2026: Chennai based Casagrand Premier Builder Limited get final Sebi nod for their IPO.

The Company had filed its IPO papers with Sebi on 30 December 2025.

The IPO, with a face value of Rs 2, is a fresh issue up to Rs 1,200 crore and an offer for sale up to Rs 20 crore by promoters – Arun MN, and Casagrand Luxor Private Limited.

The company, in consultation with the book-running lead managers, may consider a pre-IPO Placement for up to Rs 240 crore. The pre-IPO placement if completed, the fresh issue size will be reduced.

The proceeds from its fresh issuance worth Rs 250 crore will be utilised for prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company, Rs 650 crore for prepayment or repayment, in full or part, of all or a portion of certain outstanding borrowings availed by its wholly owned subsidiaries, CG Magick, CG Civil Engineering, CG Fresh, CG Bizpark, CG Shelter, CG Lotus, CG Everta, CG Hyderwise, CG Zingo, and wholly owned step-down subsidiaries, CG Anchor and Danub Homes, through investment in such wholly owned subsidiaries/ step-down subsidiaries, and general corporate purposes.

About The Company

Incorporated in 2003, the company is the largest developer in the residential sector and is a well-known residential brand in Chennai with a market share of approximately 25% in terms of launches and approximately 18% in terms of demand during the period January 1, 2017, to June 30, 2025. (Source: CBRE Report).

The real estate market is influenced by several factors including location, product type and price range. Therefore, the company’s focus is to have a presence in each micro – market, offering a wide range of product types and price points to cater to the diverse needs and preferences of customers.

The company has extended and established its presence in the majority of micro markets in Chennai offering a variety of projects, including apartments of varying sizes and independent villas with lifestyle amenities under luxury, mid-end and affordable categories, all under our Casagrand brand with a focus on the mid – end category.

It also operates in other cities in south including Bengaluru, Hyderabad and Coimbatore. As of June 30, 2025, the company has 103 completed projects with a saleable area of 21.79 million square feet, 57 ongoing projects with a saleable area of 44.10 million square feet and 21 forthcoming projects with an estimated saleable area of 23.81 million square feet.

Motilal Investment Advisors and Dam Capital Advisors are the book running lead managers, and Kfin Technologies Limited is the registrar to the issue. The shares are proposed to be listed on the BSE and NSE.