Anant Raj Ltd raised Rs 500 crore through QIP for debt reduction and working capital. The oversubscribed issue attracted over three times the applications. The company plans to invest Rs 1,000 crore in projects across Gurugram, Delhi, and Tirupati, including luxury and affordable housing. They aim to launch these projects in the next 6-9 months, anticipating Rs 4,500-5,000 crore in revenue over 3-4 years. Additionally, Anant Raj will invest Rs 10,000 crore in developing 300 MW data centre buildings, converting existing IT structures in Haryana.
Anant Raj Ltd, a real estate developer, recently made waves in the financial market by successfully securing Rs 500 crore through a Qualified Institutions Placement (QIP). The oversubscription of the QIP by more than three times, reaching Rs 1500 crore, indicates the significant interest and confidence that renowned institutional investors have placed in the company.
The QIP is designed to provide strategic funding, with the main goals being debt reduction and meeting working capital needs. With this financial boost, Anant Raj Ltd. is well-positioned to accelerate its expansion and take on large-scale real estate projects in strategic regions like Delhi, Tirupati, and Gurugram.
The company's forward-looking vision is reflected in its plans to invest approximately Rs 1,000 crore in the development of four diverse projects. These projects encompass a luxury residential venture in Gurugram, catering to the high-end market, an affordable housing initiative in Tirupati, aimed at providing quality housing at an accessible price point, a plotted commercial or residential project in Gurugram, and the transformation of an existing motel near Delhi airport into a multi-storey hotel and office complex.
Anant Raj Ltd is set to construct 1,900 2 BHK homes in Tirupati, each priced at less than Rs 20 lakh. This initiative, covering a substantial 1 million sq. ft area, is a testament to the company's dedication to meeting the housing needs of diverse segments of the population. Additionally, the company has already delivered 2,663 affordable houses in Neemrana, Rajasthan, showcasing a track record of successful execution in the affordable housing sector.
With an ambitious timeline, Anant Raj aims to launch all these projects within the next 6-9 months, signalling its agility and commitment to timely project delivery. The company anticipates a substantial revenue of Rs 4,500-5,000 crore over the following 3-4 years, underlining its confidence in the success of these ventures.
Beyond the realm of real estate, Anant Raj Ltd is set to diversify its portfolio by venturing into the development of data centre buildings. With a significant investment of Rs 10,000 crore in the pipeline, the company aims to establish 300 MW data centres in the coming years. The ongoing transformation of existing IT buildings in Manesar, Rai, and Panchkula in Haryana into data centres exemplifies the company's forward-looking approach in adapting to the evolving business landscape.
By investing in diverse projects, focusing on affordable housing, and venturing into new sectors like data centres, the company is showing its adaptability and dynamism in the market. The recent success in raising funds through a Qualified Institutions Placement (QIP) and the smart use of these funds highlight Anant Raj Ltd.'s ability to thrive in changing market conditions. With a clear vision for sustained growth, the company is well-positioned for the future.
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