IPO · Real Estate & PropTech

Square Yards plans ₹2,000 crore IPO

What they do

Square Yards is a proptech platform offering end-to-end real estate services across 100+ cities in 9 countries

It plans to raise ₹2,000 crore through an IPO, split equally between primary and secondary components, targeting a $1.5–2 billion valuation

The IPO will provide an exit for early investors and reduce company debt; founders are expected to hold over 50% stake post-IPO

Square Yards plans to raise ₹2,000 crore through an initial public offering (IPO) (a process where a company sells shares to the public for the first time).
The IPO will be split equally between a primary component (new shares issued to raise money for the company) and a secondary component (existing shareholders sell their shares; no new money reaches the company).
The company is targeting a valuation of $1.5–2 billion.
Square Yards is likely to file its Draft Red Herring Prospectus (DRHP) (a preliminary document for IPO approval) within the current financial year FY26.
The IPO proceeds will be used to provide an exit for early investors and reduce company debt.
Founders are expected to hold more than 50% stake in the company after the IPO.

Square Yards has raised $200 million in total funding to date, with Reliance Group holding an 8% stake as a lead investor.
The company reported operating revenue of ₹1,410 crore in FY25, a 40.9% year-on-year growth.
Gross profit in FY25 was ₹316 crore, up 51.9% from ₹208 crore in FY24.
Square Yards targets ₹2,000 crore in revenue and ₹200 crore in EBITDA (earnings before interest, taxes, depreciation, and amortisation) for FY26.

Square Yards is a proptech (property technology) platform offering end-to-end real estate services including property discovery, buying/selling, mortgage, home furnishing, rentals, and property management.
It operates in 100+ cities across 9 countries.
The company has 150,000 agent partners.

Product: based proptech startup
Customers: Home buyers, property developers, real estate brokers, and loan seekers
How it makes money: Earns commissions on primary real estate sales and mortgage disbursements, plus interior design fees
What sets it apart: Full-stack integration covering real estate listings, mortgage distribution, and post-possession interior solutions