Anant Raj Ltd to raise Rs 1,100 crore via QIP for expansion plan | Check details

Anant Raj Ltd to raise Rs 1,100 crore via QIP for expansion plan

Anant Raj Limited plans to raise Rs 1,100 crore through a Qualified Institutional Placement (QIP) for the expansion and development of projects, according to a filing with the stock exchanges.

The issue opened on October 7 and will close on October 8, 2025. The company has set the floor price for the issue at Rs 695.83 per share. The board of directors have also approved and adopted the preliminary placement document dated Oct. 7, 2025, the application form, in connection with the issue.

The fundraising comes as the company looks to expand its data center and cloud infrastructure business, a segment it has been actively scaling since 2019–20 through its subsidiary, Anant Raj Cloud. The company earlier in Q1FY26 shared that it aims to generate USD 1 billion in revenue from this vertical by FY32.

It currently operates 28 MW of IT load across its campuses in Manesar and Panchkula and aims to expand total capacity to 307 MW by FY32 across Manesar, Panchkula, and Rai, backed by a $2.1 billion capex plan. In June 2024, Anant Raj partnered with Orange Business, the French IT and telecom services provider, to deliver managed cloud services in India.

The draft National Data Centre Policy 2025, proposed by the Ministry of Electronics and Information Technology (MeitY), is expected to give a significant boost to India’s data center ecosystem. By offering tax exemptions of up to 20 years for developers that meet targets on capacity expansion, energy efficiency, and job creation, the policy is designed to attract large-scale investments and ease capital requirements.

Industry experts believe this move will accelerate infrastructure growth, reduce operating costs, and help position India as a competitive global hub for cloud services, AI modeling, and digital storage at a time when demand is rising sharply. Anant Raj is among the companies actively expanding their presence in this sector.

Established in 1969, Anant Raj has delivered 9.96 million sq. ft. of residential and commercial projects and holds nearly 320 acres of debt-free land in Delhi-NCR. For the first quarter of FY26, the company reported a 38.3% year-on-year increase in consolidated net profit to Rs 125.9 crore, supported by healthy demand and operational efficiency.

Last year, the company raised Rs 500 crore QIP and used a part of the funds raised to bring down he debt and working capital requirements. Later in the year, the company again tried raising Rs 2,000 crore via QIP but cancelled it after the market crash, according to a report by the Economic Times.