PropEquity eyes $100 mn IPO in 2 years

Gurgaon-based PropEquity is planning to raise between Rs 80-100 crores by IPO and can be valued at PE multiples of 45-50 times.

The founder Samir Jasuja has acquired the complete stake from its US based hedge fund investor and now completely owns P.E. Analytics, which owns PropEquity.

The Gurgaon-based PropEquity currently focuses on Residential Data and Analytics and caters to over 150 of the largest Financial Institutions, Banks, Private Equity Funds and Developers.

“PropEquity is planning to launch several new products. All our plans are directed towards a public offering in the next 2-3 years as we eye aggressive growth,” Samir Jasuja, founder and CEO at PropEquity said.

The company is planning to launch the most comprehensive Commercial and Retail data and analytics platform covering over 70000 lease transactions in top 8 cities. It is targeting INR 20 crore Revenue from this vertical in the next 2 years.

The company plans to hire over 100 employees in this vertical in the next 2 quarters and is looking to enhance its revenue to INR 30 crores from this vertical.

The new and existing verticals will soon be incorporating Artifical Intelligence and Machine Learning tools including Facial Intelligence in Retail and Commerical Buildings for the first time in India.

With the Launch of some of the above verticals, and expansion of its current subscription model and CRM it is eying a turnover of Rs 75 crores with an EBIDTA of over Rs 25 crores in the next 2 years.

With the current valuations, this should list the company anywhere between a USD 100 to 200 million dollar valuation.

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.