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38 Years In The Real Estate Business; Now Ready For IPO; Rs 1,500 Crore Sales Bookings

Future IPOs To Be Announced: A real estate company Ashwin Sheth Group announced an investment of about 5,000 crore rupees to expand their operations.

Ashwin Sheth Group said it will also announce the Initial Public Offering (IPO) within the next 18-24 weeks. The Mumbai-based firm said it had booked sales around Rs 1,500 crore during the fiscal year, 2023-24.

This is three times higher than the 2022-23 financial year.

Preparations To Bring IPO In 18-24 Months

Managing Director and Chairman Ashwin Sheth said they are planning to increase their sales revenue up to Rs 3,000 crore by the financial year 2024-25.

Sheth stated that we are contemplating an IPO within about 18-24 weeks. Ashwin Sheth Group will also expand into other sectors, such as warehouses.

Ashwin Sheth Group was founded in the year 1986. It has created over 80 luxurious properties throughout India as well as Dubai.

The company made an annual revenue of Rs 1,486 crore for FY23-24. The company has stated that it is planning to invest around Rs 4,500 crore over the next 3 to 5 years.

The company has plans to grow into MMR, NCR, Hyderabad, Chennai, and Goa. It has been operating in real estate for over 38 years.

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