Chennai-based Grand Housing Limited has received final approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO), marking a key step toward its public market debut. The company had filed its IPO papers with Sebi on September 29, 2025.

The IPO is an offer for sale of up to 35,500,000 shares by promoter Vijay Surana J. The company is a real estate developer in India primarily focussing on plotted developments in Tamil Nadu, particularly in and around Chennai. As part of its business, the company acquires parcels of land and build basic infrastructure on the land, such as roads, power connections, sewage, water supply thereby converting it into developable land. The company has also worked to acquire contiguous parcels of land in some cases to create a larger area more economically viable for further development.

Its plotted developments are divided into two segments – residential segment – comprising development of residential plots and industrial segment – comprising development of large contiguous land to be used for industries. The company develops and sells residential land plots mainly to homeowners for their construction of houses and villas. The sizes of its residential plots typically range from 600 square feet to 2,400 square feet, with price of individual plot ranging from ₹1,500 per square feet to ₹5,000 per square feet. 

The company develops and sells industrial land plots mainly to enterprises for construction of factories, warehouses and other facilities. The sizes of its industrial plots typically ranges from 2 acres to 9 acres, with price of individual parcels of land ranging from ₹ 50 lakh per acre to ₹3 crore per acre. Its land plots, particularly residential plots, are developed with customer-centric approach. The company’s residential plots are developed with black topped roads, adequate streetlights, walkways, avenue trees, fences and CCTV to ensure customer satisfaction. For industrial plots, its main development work is construction of roads. The company sells these plotted developments to its customers.