Lodha Developers IPO

IPO Date: 7th - 9th April 2021

Price Band

483 to 486 Per Equity Share

Issue Size

2,500 Cr

Face Value

10 Per Equity Share

Market Lot


About Macrotech Developers Limited IPO (Lodha Developers IPO)

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.

Competitive Strengths

  • Largest residential real estate developer in India
  • Strong sales distribution network across India as well as NRI markets i.e. GCC, UK, Singapore, and US
  • Brand equity and premium pricing.
  • Strong project execution capabilities
  • Experienced management team

Objects of the Issue

The IPO aims to raise money for the following purposes;

  • To reduce aggregate outstanding borrowings of the company on consolidated basis.
  • To acquire land or land development rights.
  • To meet general corporate purposes.

Lodha Developers IPO Details

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)

Lodha Developers IPO Tentative Timetable

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

Lodha Developers IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding

Where to check Lodha Developers IPO allotment status?

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.

Lodha Developers IPO FAQs

What is Lodha Developers IPO?
Lodha Developers IPO is a main-board IPO of 51,440,328 equity shares of the face value of ₹10 aggregating up to ₹2,500.00 Crores. The issue is priced at ₹483 to ₹486 per equity share. The minimum order quantity is 30 Shares. The IPO opens on Apr 7, 2021, and closes on Apr 9, 2021. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Lodha Developers IPO opens on Apr 7, 2021 and closes on Apr 9, 2021.
Lodha Developers IPO lot size is 30 Shares and the minimum order quantity is 30 Shares.
You can apply in Lodha Developers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Lodha Developers IPO will be done on Apr 16, 2021, and the allotted shares will be credited to your demat account by Apr 20, 2021.
When is Lodha Developers IPO listing date? The Lodha Developers IPO listing date is not yet announced. The tentative date of Lodha Developers IPO listing is Apr 22, 2021.
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.
The Lodha Developers IPO shares are proposed to list on Apr 16, 2021 at BSE, NSE. The actual listing date will be announce by the exchange.

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