Mumbai : Chennai based Casagrand Premier Builder Limited get final Sebi nod for their IPO.

The Company had filed its IPO papers with Sebi on 30 December 2025.

The IPO, with a face value of Rs 2, is a fresh issue up to Rs 1,200 crore and an offer for sale up to Rs 20 crore by promoters – Arun MN, and Casagrand Luxor Private Limited.

The company, in consultation with the book-running lead managers, may consider a pre-IPO Placement for up to Rs 240 crore. The pre-IPO placement if completed, the fresh issue size will be reduced.

The proceeds from its fresh issuance worth Rs 250 crore will be utilised for prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company, Rs 650 crore for prepayment or repayment, in full or part, of all or a portion of certain outstanding borrowings availed by its wholly owned subsidiaries, CG Magick, CG Civil Engineering, CG Fresh, CG Bizpark, CG Shelter, CG Lotus, CG Everta, CG Hyderwise, CG Zingo, and wholly owned step-down subsidiaries, CG Anchor and Danub Homes, through investment in such wholly owned subsidiaries/ step-down subsidiaries, and general corporate purposes.