Dosti Realty, Moneytree Realty file IPO papers with SEBI through confidential route

Dosti Realty Ltd and Moneytree Realty Services Ltd, two prominent players in the real estate sector, have announced their intent to go public through Initial Public Offerings (IPOs). Both companies have filed confidential preliminary papers with the regulatory body, SEBI, through a special pre-filing route. This route allows firms to maintain the confidentiality of their draft offer documents until the review process moves forward.

As a result, information regarding the exact terms of the IPO, financials, valuation, and listing timeline is not available at this juncture. The companies made the official announcement through public notifications dated September 30, informing SEBI and the stock exchanges about their intention to offer equity shares on the primary stock exchange.

Dosti Realty, a Mumbai-based firm established in 1979, boasts a rich history of real estate development, having completed over 143 projects in residential and commercial sectors across Mumbai, Thane, and other markets. Founded in 2021, Moneytree Realty Services is a property consultancy that offers advisory services for residential and commercial properties across India.

The firm has expanded its operations to various cities, including Gurugram, Lucknow, Ghaziabad, Pune, and Bengaluru. Notably, other major real estate and fintech companies, such as Wadhwa Group Holdings Ltd and AssetGro Fintech Ltd, have also recently filed draft IPO papers with SEBI under the confidential route.