Grovy India Raises Rs 15 Cr through Preferential Issue to Fund Expansion
The company’s preferential issue committee of the Board of Directors recently approved the allotment of 41,69,433 equity shares of face value of Rs10 each for an aggregate amount of up to Rs 15,00,99,588 on a preferential basis.
Consequent to the said allotment, the paid-up equity share capital of the company stands increased to Rs 17,50,57,050 comprising of 1,75,05,705 Equity Shares of face value of Rs 10 each.
The participation of investors and promoters signals the company’s strong growth trajectory, execution capabilities and leadership in South Delhi’s real estate market. The investment also reinforces the growing interest in the company’s strong track record, differentiated market positioning and a clear growth pipeline.
Commenting on the development, Ankur Jalan, Director, Grovy India said, “The strong participation is an endorsement for the company’s robust brand equity, consistent execution, quality developments and a focused business strategy. The company's deep understanding of one of India's most premium micro-markets positions it well for sustainable long-term growth. The micro market has a significant value creation potential as the demand for luxury developments in South Delhi continues to strengthen."
The company is currently executing residential projects spanning 1.83 lakh sq. ft. across prime South Delhi markets which are expected to be delivered between Q3 FY27 and Q4 FY28.
The company during Q1 FY27 also acquired new premium residential projects spanning approximately 50,000 sq. ft. in South Delhi.
“We aim to scale execution towards 20–25 projects annually over the next three years, subject to market conditions and project availability,” Jalan further added.
He also said that the company plans to raise a total of Rs 40 crore by the end of FY27.
The company’s net profit jumped 74% YoY to Rs 1.9 crore in Q1 FY27. The total revenue during this period also saw a substantial jump of 233% YoY at Rs 27.58 crore.
The South Delhi headquartered company recorded 114% jump in net profit and 249% jump in total revenue on QoQ basis. The robust numbers reflect strong project execution, improved profitability and disciplined capital allocation.
Published on:
06 August 2026
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