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 developable area, with 59.13 million sq. ft. in the affordable housing segment.
The IPO aims to raise money for the following purposes;
| IPO Opening Date | Apr 7, 2021 |
|---|---|
| IPO Closing Date | Apr 9, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹483 to ₹486 per equity share |
| Market Lot | 30 Shares |
| Min Orher Quantity | 30 Shares |
| Listing At | BSE, NSE |
| Issue Size | 51,440,328 Eq Shares of ₹10 (aggregating up to ₹2,500.00 Cr) |
The Lodha Developers IPO open date is Apr 7, 2021, and the close date is Apr 9, 2021. The issue may list on Apr 22, 2021.
| IPO Open Date | Apr 7, 2021 |
|---|---|
| IPO Close Date | Apr 9, 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 |
| Pre Issue Share Holding | 100% |
|---|---|
| Post Issue Share Holding |
Lodha Developers IPO allotment status is expected on Apr 16, 2021. Click the link Lodha Developers IPO Allotment Status to check the allotment. Note: the link remains to disable until the allotment is available online.
Pay nil account opening charge for an integrated demat and online trading A/c.
Get free stock ideas and research reports from India’s award winning research desk.
Forget the hassle of physical forms and with eKYC open an A/c in 15 mins.
Trade with a powerful, feature rich and easy to use trading app across web, mobile and desktop.
Invest & trade in shares, mutual funds, IPOs, commodities & currency from a single interface.