Neelkanth Realtors IPO Upcoming
Already have an account? Apply now
About Neelkanth Realtors
Incorporated in 1994, Neelkanth Relators is a prominent real estate developer in Mumbai’s Eastern Suburbs and Thane City within the Mumbai Metropolitan Region (MMR). Operating under the trusted Neelkanth (Bhimjyani Group) brand, the company offers a diverse portfolio of residential and commercial projects across price segments, tailored to local community needs. With in-house capabilities spanning land acquisition to sales, and collaborations with leading architects, Neelkanth has successfully completed over 36 projects. Its customer-centric approach, strong brand presence, and deep market knowledge position it as a reliable and well-established player in the MMR real estate landscape.
Financials of Neelkanth Realtors
*All figures are in ₹ Crores.
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding developmental expenses | 67.83 |
| Repayment/prepayment of outstanding loans | (.) |
| General corporate purposes | (not above 25% of gross proceeds) |
Strengths
- Established brand in Mumbai Eastern Suburbs and Thane
- Diversified offerings across price segments
- Proven execution and project management
- Targeted marketing and sales approach
- Experienced promoters and leadership team
Risks
- High capital requirements and dependence on real estate financing
- Unsecured loans subject to recall at any time
- Labour shortages and reliance on contract labour
- Dividend payments subject to financial performance and loan covenants