Aurum PropTech Acquires Housing.com for Rs. 687.46 Cr Turnover Entity Via Share Issuance
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 16 Jul 2026, 12:14 PM IST · BSE ID: 201d0bfc-708e-402a-80a7-a90cc329f4f8
View Original BSE Filing (PDF)
💡
In Simple Terms
Aurum PropTech is buying Housing.com by giving its shares to the seller and issuing warrants to its promoter.
🤖 AI Summary
- Aurum PropTech to acquire 100% of Housing.com owner, Locon Solutions, via share issuance.
- Acquisition consideration includes 1,97,93,309 Aurum PropTech equity shares issued to REA.
- Additional 51,00,000 warrants issued preferentially to promoter Aurum RealEstate Developers.
- EGM scheduled for August 14, 2026, for shareholder approval of the acquisition.
- Locon Solutions reported a turnover of INR 687.46 Crores for the year ended March 31, 2025.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Locon Solutions Turnover (as on March 31, 2025)
INR 687.46 Crores
Equity Shares to be issued for acquisition
1,97,93,309
Warrants to be issued
51,00,000
Face value of equity shares issued
INR 5/-
Price per Warrant
INR 231.42
Locon Solutions Authorised Share Capital
INR 68,31,50,000/-
Locon Solutions Paid Up Share Capital
INR 28,04,13,087/-
🏢 How This Affects the Company
The acquisition aims to integrate Housing.com into the Aurum PropTech ecosystem, creating a unified AI and data architecture for the real estate sector. This move expands Aurum PropTech's market reach and service offering within the real estate marketplace.
The company will issue 1,97,93,309 equity shares as part of the acquisition consideration, impacting its equity structure. Additionally, 51,00,000 warrants are being issued, which could further dilute equity upon exercise.
The integration of Housing.com is expected to consolidate marketplace and transaction functionalities, creating a single operating layer for the real estate ecosystem.
The share issuance for acquisition introduces equity dilution risk for existing shareholders. The success of integrating two distinct entities and achieving synergistic benefits presents operational risks.
👥 What This Means For Shareholders
✅
Action Required
Shareholders will be required to vote on the proposed acquisition and share issuance at the Extraordinary General Meeting on August 14, 2026.
👤
Who Is Affected
All equity shareholders will be affected due to the proposed issuance of 1,97,93,309 equity shares and 51,00,000 warrants, potentially leading to dilution.
🔍
Management Signal
Management is signaling a strategic intent to consolidate and integrate key players in the real estate technology and marketplace sector.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Shareholder EGM on August 14, 2026, for acquisition approval.
Outcome of the EGM vote on proposed share issuance and acquisition.
Post-acquisition integration plans and timelines for Housing.com.
MEDIUM RISK
Acquisition involves significant share issuance and requires shareholder approval; integration challenges exist.
💡 Investor Takeaway
Aurum PropTech board approved acquiring Housing.com's parent for INR 687.46 Crores turnover via issuing 1,97,93,309 shares, with warrants also issued to a promoter. Shareholder EGM is on August 14, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Acquiring Housing.com, India's leading real estate marketplace, for its ecosystem integration.
- Locon Solutions reports a significant turnover of INR 687.46 Crores for FY25.
⚠️ Concerns
- The transaction involves significant equity dilution through the issuance of 1,97,93,309 new shares.
- The company faces shareholder approval risk for the proposed acquisition and share issuance.
📅 Company Track Record
Aurum PropTech previously disclosed a proposal for raising funds and a rights issue with deviations in fund utilization.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is Aurum PropTech acquiring?
Aurum PropTech is acquiring 100% of Locon Solutions Private Limited, the owner of Housing.com, on a fully diluted basis.
How is Aurum PropTech funding the acquisition of Housing.com?
The acquisition is funded by issuing 1,97,93,309 fully paid-up equity shares of Aurum PropTech to REA India Pte Limited.
What was the turnover of Locon Solutions Private Limited?
Locon Solutions Private Limited reported a turnover of INR 687.46 Crores based on audited financial statements as of March 31, 2025.
When will shareholders vote on the Housing.com acquisition?
An Extraordinary General Meeting (EGM) for shareholder approval of the transaction is scheduled for Friday, August 14, 2026.
Are any warrants being issued as part of these decisions?
Yes, 51,00,000 Fully Convertible Warrants are being issued on a preferential basis to Aurum RealEstate Developers Limited.
Questions based on this BSE filing only. For information purposes.