BPTP Ltd Set to Tap IPO Market with Real Estate Business Listing
BPTP Ltd, a prominent real estate firm, is reportedly seeking a merchant banker to list its business, aiming to capitalize on the booming IPO market. The company, with a substantial land bank, is poised for significant growth.
Real EstateIpoBptp LtdDelhincrLand BankReal Estate NewsNov 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, while declining to comment on the IPO plans, stated that the company has enough land to launch projects worth Rs 40,000 crore. He also mentioned that BPTP will continue to acquire strategic land parcels in key locations.
“We have spent the last few years streamlining the company’s operations and have undertaken multiple mergers in the process,” Malik added. This strategic focus on consolidation and growth positions BPTP well for its potential IPO.
According to Colliers India, real estate IPOs have raised nearly Rs 135 billion in 2024, a significant increase from the previous year. Since 2021, the stock exchanges have seen 21 real estate IPOs, a considerable jump from the 11 listings in the 2017-2020 period. 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 and expects this 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. BPTP has a project pipeline in Gurugram and Faridabad and also owns 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, another real estate developer, recently 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. This 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 expanded their portfolios across cities and are expediting their IPO plans. Several enterprises, including flex operators, small and medium REITs (SM-REITs), and other developers, are also on track to seek regulatory approval for launching IPOs.
Frequently Asked Questions
What is BPTP Ltd planning to do with its real estate business?
BPTP Ltd is planning to appoint a merchant banker to list its real estate business, aiming to capitalize on the booming IPO market.
How much land does BPTP Ltd have?
BPTP Ltd has a land bank of 45-50 million square feet and holds about 600 acres in total in Gurugram and Faridabad.
What is BPTP Ltd's revenue growth target?
BPTP Ltd aims to achieve Rs 10,000 crore in annual revenue, growing at a CAGR of 55%.
How has the real estate IPO market performed in recent years?
The real estate IPO market has seen significant growth, raising nearly Rs 135 billion in 2024, nearly doubling from the previous year.
What significant projects is BPTP Ltd developing?
BPTP Ltd is developing a luxury residential project on the Dwarka Expressway in Gurugram, with an investment of Rs 6,000 crore. This project is part of BPTP’s 150-acre ecosystem in Sector 102, being developed in three phases.
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