Anarock Property Consultants has filed draft papers with SEBI for a ₹1,000 crore IPO. ₹550 crore of that is a fresh issue of new shares and ₹450 crore is an offer for sale by existing shareholders. The Anarock IPO would put one of India's best known property broking and advisory firms on the exchanges.
The filing is a DRHP, the draft prospectus a company gives SEBI before an IPO. Anarock does not build anything. It advises on and brokers property transactions, handles leasing and manages property for owners, and earns a fee each time a deal closes.
Where the ₹1,000 crore splits
Only the fresh issue reaches the company. The ₹450 crore offer for sale goes to the shareholders selling, and that list includes 360 ONE WAM. Anarock has also kept room for a pre-IPO placement of up to ₹110 crore, which, if it happens, would cut the fresh issue by the same amount.
| Item | Amount |
|---|---|
| Total issue | ₹1,000 crore |
| Fresh issue | ₹550 crore |
| Offer for sale | ₹450 crore |
| Pre-IPO placement (optional) | Up to ₹110 crore |
| AI and technology platforms | ₹120 crore |
| Buying the rest of DSP Design Associates | ₹148 crore |
| Promoter holding before the issue | 66.41% |
| Proposed listing | BSE and NSE |
So ₹268 crore of the fresh money already has a name attached. The balance of about ₹282 crore is marked for acquisitions the company has not named yet, other strategic plans and general corporate purposes. DSP Design Associates is an interior design and project management subsidiary; Anarock is buying out the stake it does not already hold.
The promoters are Anuj Puri and Rohin Raja Shah, who together hold 66.41 per cent before the issue.
How big the business is
Anarock reported revenue of ₹881.9 crore in FY2026, against ₹658.9 crore in FY2025. Profit was ₹93.2 crore, up from ₹60.8 crore. SEBI has not published the draft document on its own site yet, so these figures are as reported by Business Standard from the filing.
That is revenue up about 34 per cent in one year and profit up about 53 per cent. On FY2026 numbers the company keeps a little over ₹10 of every ₹100 it bills. For a services business with no inventory of flats and no construction loans on the books, the shape of those accounts is quite different from a developer's. Its earnings track how many property deals get done in India, not whether any single project gets finished.
The DRHP does not yet fix a price band, a size in shares or any dates. Those arrive later, in the red herring prospectus.
What happens next
SEBI now reviews the draft. It usually takes one to three months to come back with observations, and a company can launch the IPO within twelve months of getting them. SEBI can also send the draft back for changes, which resets that clock. Nothing is confirmed until the red herring prospectus is out with a band and dates.
Until then there is no price band, no lot size and no grey market premium to quote for this one. We list every filing and approval as it moves on our upcoming mainboard IPO page, and the Anarock page will go up there once the dates exist. Last week's other large filing, the ₹10,000 crore Inox Clean Energy DRHP, is still at the same stage of the queue.
