BPTP Ltd Seeks IPO for Its Real Estate Business: A Strategic Move in the Booming Market
Real estate firm BPTP Ltd is looking to appoint a merchant banker to list its business, aiming to capitalize on the thriving IPO market in India.
Real EstateIpoBptp LtdLand BankDelhincrReal EstateNov 13, 2025
The Delhi-NCR-focused company, which boasts a land bank of 45-50 million square feet, is expected to launch projects worth Rs 10,000 crore annually, in addition to creating a separate rental portfolio. Manik Malik, CEO of BPTP, declined to comment on the IPO plans but did share insights into the company's strategic land acquisitions and operational streamlining.
“We have spent the last few years streamlining the company’s operations and have undertaken multiple mergers in the process,” Malik said. “We have enough land bank to launch projects worth Rs 40,000 crore, but we will continue to acquire strategic land parcels in key locations.”
According to Colliers India, real estate IPOs have raised nearly Rs 135 billion in 2024, nearly doubling from the previous year. Since 2021, the bourses have seen 21 realty IPOs, a significant increase from the 11 listings in the period from 2017 to 2020. In the post-pandemic era, 21 real estate companies have collectively raised Rs 319 billion through IPOs, more than double the funds raised in the preceding four-year period (2017-2020).
BPTP reported revenue of Rs 3,000 crore in FY25, which it expects to surge to Rs 5,500 crore this financial year. “We are growing at a CAGR of 55% and would like to achieve Rs 10,000 crore in annual revenue going forward,” Malik said. “We have a project pipeline in Gurugram and Faridabad and also own land in Noida.”
Earlier this year, BPTP acquired a land parcel in Gurugram for Rs 87.27 crore. The company holds about 600 acres in total in Gurugram and Faridabad and has been actively acquiring land parcels in the region for residential and commercial development. Central Park, a real estate developer, had also acquired a 10-acre plot from BPTP for Rs 100 crore.
“We are always on the lookout for land. Most of our existing land bank is concentrated along the Dwarka Expressway and in Faridabad, and we would like to explore other micro-markets as well,” Malik said.
BPTP will invest Rs 6,000 crore in developing a luxury residential project on the Dwarka Expressway in Gurugram. The project is part of BPTP’s 150-acre ecosystem in Sector 102, which is being developed in three phases.
In recent years, real estate IPOs have not only grown in volume but have also diversified into newer categories. Leading flex space operators have been expanding their portfolios across cities and expediting their IPO plans. Several enterprises, including flex operators, small and medium REITs (SM-REITs), and other developers, are also on course to seek regulatory approval for launching IPOs.
Frequently Asked Questions
What is BPTP Ltd's main focus in the real estate market?
BPTP Ltd is primarily focused on the Delhi-NCR region, with a significant land bank of 45-50 million square feet. The company aims to launch projects worth Rs 10,000 crore annually and is also developing a separate rental portfolio.
Why is BPTP Ltd seeking to list its business through an IPO?
BPTP Ltd is seeking to list its business through an IPO to capitalize on the booming IPO market in India, which has seen a significant increase in real estate IPOs in recent years. This move will help the company raise capital for further expansion and development.
What is the expected revenue growth for BPTP Ltd?
BPTP Ltd reported revenue of Rs 3,000 crore in FY25 and expects it to surge to Rs 5,500 crore this financial year. The company aims to achieve Rs 10,000 crore in annual revenue in the future, growing at a CAGR of 55%.
Where is BPTP Ltd's land bank primarily located?
BPTP Ltd's land bank is primarily located in Gurugram and Faridabad, with a significant presence along the Dwarka Expressway. The company also owns land in Noida and is actively acquiring more strategic land parcels in key locations.
What is BPTP Ltd's upcoming major project?
BPTP Ltd is investing Rs 6,000 crore in developing a luxury residential project on the Dwarka Expressway in Gurugram. This project is part of BPTP's 150-acre ecosystem in Sector 102, which is being developed in three phases.
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