Dosti Realty And Moneytree Realty Submit IPO Papers Through Confidential Route, Filings Made With SEBI
Mumbai: Dosti Realty Ltd and Moneytree Realty Services Ltd have filed IPO papers with the Securities and Exchange Board of India through the confidential route. The filings signal plans by the real estate developer and property consultancy firm to raise capital through public listings. In separate public notices dated September 30, both companies confirmed submitting their pre-filed draft red…
Mumbai: Real estate firms Dosti Realty Ltd and Moneytree Realty Services Ltd have submitted IPO papers to the Securities and Exchange Board of India (SEBI) using the confidential route. The filings suggest the companies intend to raise funds via public listings. Both companies disclosed their intent to file pre-drafted red herring prospectuses with SEBI and stock exchanges on September 30.
Their initial public offerings will involve equity shares for listing on major stock exchange boards. Dosti Realty aims to raise ₹1,000 crore, with a portion earmarked for repaying ₹650 crore in debt through fresh issue proceeds. The confidential pre-filing process enables companies to keep draft offer documents confidential during SEBI review.
The proposed offer structures, financials, valuations and listing timelines remain undisclosed. Dosti Realty, founded in 1979, is a Mumbai-based developer with four decades of experience in real estate. Moneytree Realty, established in 2021, offers advisory services for residential and commercial properties across India. Other entities, such as Wadhwa Group Holdings Ltd and AssetGro Fintech Ltd, have also utilized the confidential route for their IPO filings.
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