Chennai-based Grand Housing Limited has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India for a proposed mainboard listing. As per exchange-focused coverage, the offer is structured as a 100% Offer for Sale (OFS) of up to 3.55 crore equity shares (face value ₹5 each) by promoter Vijay Surana J; there is no fresh issue, so the company will not receive primary proceeds from the IPO. Media reports add that Grand Housing focuses on plotted developments and allied real-estate formats primarily across Tamil Nadu, with the filing seen as a step toward enhancing visibility and providing liquidity to the selling shareholder. A Business Standard summary of the DRHP notes that, as of March 31, 2025, the company’s land reserves (excluding ongoing, completed, and upcoming projects) were about 1,908.52 acres, indicating a sizeable pipeline base for future monetisation.

Sector outlets covering the submission emphasise that the IPO composition (pure OFS) aligns with recent precedents where promoters have tapped public markets for shareholder rebalancing, while operations continue to be funded through internal accruals and borrowings. Background material on the company highlights a plotted-development specialisation and a footprint built under the leadership of Managing Director J Vijay Surana; corporate materials also reference governance continuity with an executive team that includes Whole-Time Director Suyash Surana. While price band, schedule, and valuation will be determined post-SEBI observations, the filing positions Grand Housing to broaden its investor base as it pursues growth in the southern real-estate market. For potential investors, the next milestones typically include regulatory review, roadshow disclosures, and publication of the red herring prospectus with detailed financials and risk factors. In the interim, stakeholders can reference the media synopses and company profile for an overview of strategy and assets ahead of the formal offer documentation.