IPO
Realtor Wadhwa Group files confidential papers for IPO
Mumbai-based Wadhwa Group Holdings has filed preliminary papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) using the confidential pre-filing route.Founded in 1969 by the late Vasudev C. Wadhwa, The Wadhwa Group is a real estate developer with a portfolio spanning over 250 projects and 45 million sq ft of development across residential, commercial and township segments. The company claims to have over 35,000 customers and more than 150 multinational corporations, with projects such as Wadhwa Wise City in Panvel serving as a flagship development.
Between Jun 2011 and Apr 2020, Wadhwa Group had attracted about USD 689 M from IIML, ICICI Prudential PMS, India Infoline Finance, KKR, Piramal Fund, PNB Housing Finance and Marubeni Corporation.
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