Casagrand Files DRHP for ₹1,220 Crore IPO

Casagrand, a real estate company in Chennai, has filed a DRHP to raise ₹1,220 crore through an IPO.

This money will be used to pay off some of their debts.

The IPO includes ₹1,200 crore of new shares and ₹20 crore from selling shares by existing shareholders.

As of June 2025, the company had 103 completed projects, 57 ongoing projects, and 21 upcoming projects.

They made a profit of ₹235 crore in the last financial year but had a loss of ₹32 crore in the first quarter of this year.

The company had previously filed for an IPO in September 2024 but withdrew it in January 2025.

This time, they are trying again with a slightly larger offer.