Lodha Developers AKA Macrotech Developers initial public offer (IPO) is set to open for subscription on April 07 and close on April 09, after it received capital market regulator Sebi’s go-ahead to raise Rs 2500 crore through public issue. Lodha Developers's GMP ( Grey Market Premium ) is also open and it's trending very low comparatively price band.
Macrotech Developers [Formerly known as Lodha Developers] is the largest real estate developer in India. The company is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Read Also: Lodha Developers GMP Detail
Lodha Developers IPO Review:
- Adding Soon
Lodha Developers IPO Date & Price Band:
| Issuer | Lodha Developers |
| Issue Type | Book Built Issue IPO |
| Issue Period | Issue Opens: 07 Apr 2021 |
| Issue Closes: 09 Apr 2021 | |
| Price Brand | ₹483 to ₹486 Per Share |
| Issue Size | ₹ 2500 Crores (Approx) |
| Face Value | Rs.10 per Equity Share |
| Market Lot | 30 Shares |
| Maximum Bid amount for Retail | Rs. 1,89,540 Lakhs |
| QIB | 50% of the issue size |
| NIB | 15% of the issue size |
| Retail Individual Bidders | 35% of the issue size |
| Offer for Sale | ₹ 0 |
| Fresh Issue | ₹2500 cr |
| Listing at | NSE & BSE |
Lodha Developers IPO Tentative Timetable
The Lodha Developers IPO open date is 07 Apr 2021 , and the close date is 09 Apr 2021. The issue may list on .
| IPO Open Date | Apr 07, 2021 |
| IPO Close Date | Apr 09, 2021 |
| Basis of Allotment Date | Apr 16, 2021 |
| Initiation of Refunds | Apr 19, 2021 |
| Credit of Shares to Demat Account | Apr 20, 2021 |
| IPO Listing Date | Apr 22, 2021 |
Lodha Developers IPO Market Lot:
| Minimum Lot Size: | Minimum 30 Shares |
| Minimum Amount: | ₹14,580 |
| Maximum Lot Size: | Maximum 390 Shares |
| Maximum Amount: | ₹1,89,540 |
Lodha Developers Company Financial:
| Particulars | For the year/period ended (₹ in millions) | |||
|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 4,05,946.16 | 4,06,925.56 | 4,98,639.40 | 4,78,112.76 |
| Total Revenue | 31,604.85 | 1,25,609.85 | 1,19,788.67 | 1,37,265.69 |
| Profit After Tax | (2,643.02) | 7,448.36 | 16,439.77 | 17,893.90 |
Read Also:-
- Lodha Developers IPO Subscription Status
- Lodha Developers IPO Allotment Status
- Lodha Developers IPO GMP
Lodha Developers IPO Form:
How to apply the Lodha Developers IPO? You can apply Lodha Developers IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Lodha Developers IPO in the Invest section. The other option you can apply Lodha Developers IPO via IPO forms download via NSE and BSE. Check out the Lodha Developers forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
About Lodha Developers
Incorporated in 1995, Macrotech Developers [Formerly known as Lodha Developers] is the largest real estate developer in India. The company is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Palava (Navi Mumbai, Dombivali Region), Upper Thane (Thane outskirts), Amara (Thane), Lodha Sterling (Thane), Lodha Luxuria (Thane), Crown Thane (Thane), Bel Air (Jogeshwari), Lodha Belmondo (Pune), Lodha Splendora (Thane) and Casa Maxima (Mira Road) are some of its affordable and mid-income housing projects. Company generates maximum revenue from this segment as in the fiscal 2020, the revenue from this segment accounted for 57.77%.
Under the logistic and industrial park portfolio, it has planned to develop an industrial park of over 800 acres of land near Palava. However, the commercial real estate portfolio includes projects like corporate offices, IT campuses, and boutique office spaces. As on Dec 31 2020, the firm has successfully completed 91 projects comprising 77.22 million sq. ft. of develop able area, with 59.13 million sq. ft. in the affordable housing segment.
Lodha Developers IPO Prospectus
Lodha Developers Company Promoters:
- Abhishek Mangal Prabhat Lodha
- Rajendra Narpatmal Lodha
- Sambhavnath Infrabuild
- Sambhavnath Trust
Lodha Developers IPO Registrar:
C-101, 1stFloor, 247 Park,Lal Bahadur Shastri MargVikhroli (West) Mumbai,Maharashtra 400 083Tel: +91 22 49186270E-mail: macrotech.ipo@linkintime.co.inInvestor grievance E-mail: macrotech.ipo@linkintime.co.inWebsite: www.linkintime.co.inSEBI Registration No.: INR000004058
Lodha Developers IPO Lead Managers:
- Axis Capital Limited
- BOB Capital Markets Limited
- Edelweiss Financial Services Ltd
- ICICI Securities Limited
- IIFL Holdings Limited
- J.P. Morgan India Private Limited
- JM Financial Consultants Private Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
- Yes Securities (India) Limited
Lodha Developers Company Address:
Macrotech Developers Limited
412, Floor -4, 17G, Vardhaman Chamber,
Cawasji Patel Road, Horniman Circle, Fort,
Mumbai - 400 001
Phone: +91 22 2302 4400
Email: investorrelations@lodhagroup.com
Website: https://www.lodhagroup.in/
Lodha Developers IPO FAQs:
1. When Lodha Developers IPO will open for Anchor Investors?
The Anchor Investors bidding is 06 Apr 2021.
2. When Lodha Developers IPO will open for QIB, NII, and Retail?
The IPO to open on 07 Apr 2021 for QIB, NII, and Retail Investors.
3. What is Lodha Developers IPO Investors Portion?
The investors' portion for QIB-50%, NII-10%, and Retail-35%.
4. How to Apply the Lodha Developers IPO?
You can apply IRFC IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
5. What is Lodha Developers IPO Allotment Date?
Lodha Developers IPO allotment date is 16 Apr 2021. You can check IPO allotment here.
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