Delhi-NCR Based Anant Raj Accelerates Expansion with INR 2000 Crore QIP to Drive Development and Financial Growth

Anant Raj, a leading real estate developer based in Delhi-NCR, has announced plans to raise up to INR 2,000 crore through a Qualified Institutional Placement (QIP). The raised capital will support ongoing project expansion and new developments, with a focus on growth in high-demand locations.

Debt Reduction and Working Capital Boost

Earlier this year, the company successfully secured INR 500 crore through QIP, which significantly lowered debt levels and strengthened working capital, ensuring a solid foundation for sustainable expansion.

Real Estate QIPs Dominate 2024 Market

In 2024, real estate developers have led the surge in QIP fundraising, contributing over a sixth of all placements in the first nine months of the year. This momentum underscores the industry's commitment to capitalizing on growth opportunities.

Investment Plans Across Prime Locations

Anant Raj is set to channel approximately INR 1,000 crore into four key development projects across Gurugram, Delhi, and Tirupati, reflecting its strategy to build a diverse and high-growth portfolio.

Exceptional Financial Performance

The company’s Profit After Tax (PAT) for the July-September quarter of 2024 rose by 78% year-over-year, reaching INR 104.4 crore from INR 58.7 crore in the previous year. Additionally, revenue from operations increased by 54% to INR 512.8 crore from INR 332.28 crore last year.

Commitment to Sustainable Growth

With a strategic focus on high-growth areas and operational efficiency, Anant Raj’s robust financial performance and board-approved initiatives reflect a clear path toward sustained expansion and development.

Critical Facts & Figures:

QIP Fundraising Amount (2024): Up to INR 2,000 crore

Previous QIP (2024): INR 500 crore raised

Investment Plans: INR 1,000 crore allocated to four projects in Gurugram, Delhi, and Tirupati

Profit After Tax (PAT): 78% YoY growth, reaching INR 104.4 crore (July-September 2024)

Revenue from Operations: 54% YoY increase, totaling INR 512.8 crore