Stories
Wadhwa Group Confidentially Files for IPO to Access Public Markets
- •Mumbai-based real estate developer Wadhwa Group Holdings Ltd has confidentially filed its Draft Red Herring Prospectus (DRHP) with SEBI for an initial public offering (IPO).
- •The company has not yet disclosed the size or structure of the proposed issue, with details on fresh issue, offer for sale, valuation, and use of proceeds expected in subsequent filings.
- •Moneycontrol previously reported in April 2025 that Wadhwa Group planned to raise up to Rs 2,500 crore through an IPO.
- •Wadhwa Group Holdings, incorporated in 1982 and led by Managing Director Navin A. Makhija, reported revenue of approximately Rs 1,047.5 crore in FY25.
- •The group's portfolio spans residential, commercial, and township developments in the Mumbai Metropolitan Region, with over 45 million sq ft across 250+ projects.
Key Questions Answered
Wadhwa Group Holdings was incorporated in 1982 and traces its origins to late Vasudev C. Wadhwa, who began developing industrial estates in Mumbai after moving from Mathura in 1964. The business was subsequently led by Vijay V. Wadhwa, and is currently led by his son-in-law and managing director, Navin A. Makhija.
Wadhwa Group Holdings reported revenue of about Rs 1,047.5 crore in FY25, marking an increase of around 25 percent from the previous year. The group's portfolio spans roughly 45 million sq ft across more than 250 projects, encompassing residential, commercial, and township developments in the Mumbai Metropolitan Region.
The Wadhwa Group's move follows a steady trend of Mumbai real estate developers accessing public markets, including Lodha Developers, Keystone Realtors, Arkade Developers, Kalpataru, and Runwal Enterprises, which launched a Rs 500-crore fresh issue in September 2026.
