Real estate developer Eldeco Infrastructure and Properties has filed draft IPO papers with SEBI to raise ₹1,000 crore to improve the net debt-to-equity ratio. It will raise this amount through fresh issue of shares worth ₹800-crore, while promoters Pankaj Bajaj and Bandana Kohli will sell ₹200-crore worth of shares via offer-for-sale. Each equity share will have face value of ₹5.