Anarock Property Consultants files DRHP for ₹1,000 crore IPO
Anarock Property Consultants has filed a draft red herring prospectus for an initial public offering to raise ₹1,000 crore, comprising a fresh issue of
Anarock Property Consultants Ltd has filed draft papers with the Securities and Exchange Board of India to raise ₹1,000 crore through an initial public offering. The IPO comprises a fresh issue of equity shares aggregating up to ₹550 crore and an offer for sale of up to ₹450 crore by existing shareholders.
The company filed its Draft Red Herring Prospectus on October 1. The equity shares are proposed to be listed on the BSE and the NSE. The offer will be made via a book-building process. Anarock may consider a pre-IPO placement of ₹110 crore before filing the red herring prospectus with the Registrar of Companies. If completed, the amount raised through it will be reduced from the fresh issue size.
Use of proceeds
Proceeds from the fresh issue will be deployed towards organic and inorganic growth. A significant portion is earmarked for technology investment and a specific acquisition.
| Purpose | Amount (₹ crore) |
|---|---|
| AI augmentation and technology for transaction advisory | 80 |
| Technology solutions through ACP | 25 |
| Technology solutions through subsidiary Anacity | 15 |
| Funding the DSP Acquisition | 148 |
| Strengthening existing businesses and talent augmentation | 89.5 |
Another ₹148 crore is specifically earmarked to fund the DSP Acquisition, referring to the company's recent purchase of a 51 percent stake in DSP Design Associates. The remaining proceeds will support unidentified future acquisitions, strategic initiatives, and general corporate purposes.
Seller participation and investor involvement
The offer for sale component of ₹450 crore will see participation from both promoter and investor selling shareholders. Promoter selling shareholders include Peter Properties Ltd and Khushi Trust. Investor selling shareholders include various funds managed by 360 ONE, Om Sai Trust, and Colared Consultants and Traders LLP. On a fully diluted basis, 360 ONE Alternates Asset Management holds 18.77 percent of the company’s pre-offer equity share capital.
Financial and operational background
The IPO filing follows a period of strong financial performance. In FY26, Anarock reported revenue from operations of ₹881.89 crore, a year-on-year increase of 33.83 percent. Profit after tax for the same period stood at ₹93.21 crore, up 53.37 percent. The company had no outstanding borrowings as of March 31, 2026. Day-to-day capital requirements were funded through equity provided by its promoters until 2024. In 2024, the company had also raised ₹200 crore from 360 One Asset Management Ltd to fund its overall business growth.
Operationally, Anarock is an independent real estate advisory and services firm incorporated in 2011. It serves clients including real estate developers, corporate occupiers, retail brands, government bodies, and financial institutions. The group has around 2,300 employees operating across 15 cities in India and the Middle East. Its services are categorised into four business segments: Transaction Advisory, Leasing and Investment Advisory, Management Services, and Technology Solutions.
Company profile and listing
The Mumbai-based firm combines institutional real estate market expertise with proprietary knowledge and AI-powered insights. Its capabilities span the full real estate lifecycle. ICICI Securities, IIFL Capital Services, and 360 ONE WAM are the book-running lead managers to the issue. KFin Technologies is the registrar to the offer.
The IPO will proceed with standard allocation norms for book-built issues. Not more than 50 percent of the net offer is allocated to qualified institutional buyers. Not less than 15 percent is assigned to non-institutional bidders. Not less than 35 percent of the net offer is assigned to retail individual bidders.
