InvestorQ : When is the IPO of Square Yards slated to hit the IPO market?
Katherine Gonsalves made post

When is the IPO of Square Yards slated to hit the IPO market?

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rhea Babu answered.
7 months ago
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Square Yards is a leading digital property transaction enabler and is based out of Gurgaon in North India. Square Yards has now plans to file the draft red herring prospectus or DRHP for its proposed IPO. The IPO is expected to be a combination of fresh issue and an offer for sale and would look to raise around Rs.1,500 crore. Square Yards has already raised $125 million through a combination of debt and equity till date.

Square Yards boasts of some key investors including Kae Capital, ADM and Bennett Coleman among others. Square Yards is essentially into the 3 verticals of property brokerage, home loan brokerage and rental businesses. Its service offerings cover the entire gamut of realty support including prospecting for property to actual delivery. This also includes post-transaction support and management services to clients.

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