DRA Homes Launches Rs 125 Crore ESOP Programme, Paving the Way for IPO
Chennai-based real estate firm DRA Homes announces a ₹125-crore ESOP programme, granting 5% ownership to its 325 employees. This move aligns with the company's strategic preparation for an IPO within the next three years.
Real EstateEsopIpoDra HomesChennaiReal EstateNov 15, 2025
The announcement of the ESOP programme aligns with DRA Homes’ strategic roadmap. The company currently holds a valuation of ₹2,500 crore, supported by robust operational and financial foundations. For the current financial year, DRA Homes is targeting ₹800 crore in revenue, building on last year’s revenue of ₹525 crore with a Profit After Tax (PAT) of ₹50 crore. The company's inventory is currently valued at ₹2,700 crore, highlighting the scale and depth of its ongoing and upcoming developments.
Ranjeeth Rathod, Managing Director of DRA Homes, emphasized the significance of the ESOP programme. “Our ESOP programme reflects a simple belief: if the company grows, our people must grow with us. True wealth creation is the most meaningful benefit we can pass on to our employees. Equity gives people choice and the freedom to build their lives the way they want. Through this ESOP, we want our team to experience that sense of security, independence, and long-term value. Granting 5% ownership to employees ensures that everyone who contributes to DRA’s journey becomes a stakeholder in its future.”
Rathod further elaborated, “The company is planning for IPO listing in the next three years. The ESOP is the first step towards that direction and we want to make all our employees shareholders of the company. The ESOP will be distributed to employees in three phases over the period of three years. Before going for IPOs, I have certain metrics and numbers that I want the company to achieve in terms of revenue.” He also mentioned that employees must have worked with the company for at least a year to be eligible for the programme.
DRA Homes currently employs 315 people and is engaged in 16 projects in and around Chennai. The company is also eyeing expansion into the Pune real estate market. Rathod stated, “In terms of adopting modern technology, the company is experimenting with the usage of 3D printing in constructing villas. As of now, we are constructing only one villa in Karanai in Kancheepuram district. Aluminium formwork is the future for the real estate sector to deal with the shortage of skilled labourers in the industry.”
Aluminium formwork is a modern construction technique that uses reusable, lightweight aluminium panels to create moulds for casting concrete structures such as walls, slabs, and columns. This innovative approach not only enhances construction efficiency but also addresses the challenge of skilled labour shortages in the real estate sector.
DRA Homes’ strategic moves, including the ESOP programme and the adoption of advanced construction technologies, position the company strongly for future growth and expansion. The company’s commitment to its employees and innovative practices is expected to drive its success and contribute to the broader real estate market in India.
Frequently Asked Questions
What is the total value of DRA Homes' ESOP programme?
The total value of DRA Homes' ESOP programme is ₹125 crore.
How many employees will benefit from the ESOP programme?
The ESOP programme will benefit 325 employees of DRA Homes.
What is the current valuation of DRA Homes?
The current valuation of DRA Homes is ₹2,500 crore.
When is DRA Homes planning to go for an IPO?
DRA Homes is planning to go for an IPO within the next three years.
What new technology is DRA Homes experimenting with in construction?
DRA Homes is experimenting with 3D printing and aluminium formwork in construction.
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