Macrotech Developers Limited IPO Message Board (Page 4)

Only HDFC Mutual fund has partcipated.

Due to Smartness of retailers, Retail portion is under subscribed. But with Retailers money QIB has subscribed their portion.

Ultimately retailers have to bare the loss - not Directly but In-Directly.

But there is nothing called QIB or HNI... everybody is retailer only.. :)

Good thinking on your Part.in the End Retailer ka hi paisa...hai. .

dilip Devda sir ji hame to samaj nhi aata kon sa person aapke risk par apply karta he ham ipo me pesa apne risk per hi lagate he jo tumara har ipo me review rhta he apply at your own risk. lagta he majak laga raka he

...BAHOT KHUB KAHI. ...KUCHH BHI LIKHATE HAI....

Should I approve mandate?

Risk is not worth

Yes.chances of positive Listing R Bright...Only one M/F. ...Hdfc alloted in Anchor Alloction.other M/F.WILL BUY ON LISTING....Good Luck to those who have applied.

apply 1 lot @ 483 can I get allotment?

@FinancePreneur did you see the price at which application was proposed. issue is already subscribed at 486 no chance to get single share at 483

In order to get you allotment of shares, the Company has to fix issue price at 283 and all other retail applicants will also get at that price. As the issue is over all oversubscribed at 1.36 times, it is unlikely.

I won''t be surprised if the stock lists at premium since QIB portion is oversubscribed. However, the stock is bound to come down later purely based on its poor fundamentals.

If some category/quota is not fully subscribed and the other category is oversubscribed, do the co. has the liberty of transferring the shares to other category after close of the IPO.
Here the quota amount of each category should also be mentioned in the general Info.

Yes. Remaining portion of the shares will be transferred to other categories if any category is not fully subscribed. In the case of macrotech retail and employees shares will be transferred to QIB and HNI.

It will only be done when the full lot of RII has been alloted shares.

can we approve mandate till monday morning since this this ipo closed on friday?

yes monday before 12 pm

Even employees do not have faith in this company.

greedy promoters failed this time to tempt the retail investors.......
well done friends

Nobody cares for retailers. Company ipo sails through. It raises required capital. Promoters target achieved.

why nse and chittorgarh subscription status different?

Because BSE also exists on this planet Earth.

such low subscription from Retailers tells the faith of the real man with this company, rather ppl should then also stay away in real life from the developments of this builder.

Whoever has invested in this IPO will cry on listing day. This IPO should have never come.

1)Company has give given around 5000cr loan to its related parties in FY20 and till that have made provision for doubtful debts to the extent of around 1100cr related to it.
(However giving loan to related parties seems to be normal in the Industry company operates in)

2)The above advance by company is at the Borrowing cost of 8.19%-8.25% while company''s own borrowing cost stands at around 12%.

3) Although amount being small around 28cr interest free loan being given to close family member of Key Managerial Person for 4 years .

4)Even after paying of debt of 1500cr from Fresh issue company will be left with Debt of around 17000cr...and company''s FCF/Interest is below 1 in FY18 and FY19...and just marginally above 1 in later times.

5)Finance cost also includes interest cost allocated to cost of project as part of accounting rule if borrowing taken and used in the project running that will become part of cost of project hence Adjusted EBITDA will be different from EBITDA.

6)NAV Calculations are the real charm for valuations of such companies based on unsold/Ongoing projects.

Ten of LM finally prove enough for oversubscribed 1.35 ..5 or less LM would have resulted under subscription..???

More than 1CR shares from retail + employe quota will be going to QIB''s and HNI''s pockets.

Retail Subscribed 6% and Employees Portion Subscribed 1% Till 11:50 AM First Day

Seems Employee and Retail Portion will be Undersubscribed

Only Retail 31000 Apps So Far- Retail Seems Smart Now After Discount Listing of Some Good Companies IPO with Which Came with Good Valuations

As Expected, Retail and Employee Portion Undersubscribed

Now Much of the Maal is with HNI and QIB😁

Macrotech Developers ( Lodha Developers ) Limited IPO
Latest Subscription Numbers on Last Day @ 3:40 pm
QIBs - 2.95X
HNIs - 1.28X
EMP - 0.16X
Retail - 0.39X
Total - 1.29X
Total No of Applications 163110 (Approx)
Retail Subscription on the basis of Application 0.28X
# GMP 5 - 6 (BUYER)

Macrotech will have to get date extended now to subscribe it''s issue and now will have to arrange for funds. It is best avoid

Kaha tha date extend Karni padegi

ye ipo bhi discount paR LIST HOKE UPPER SIDE ME CLOSE HOGA

This kind of rare subscription pattern is in the best interest of serious retail investors
I like it👍

Made 2 applications for minimum each.
Gland pharma scenario may repeat with OS by QIB and HNI; low response from retailers.
Taking calculated risk.☺️

Gland had poor HNI response too. But Gland issue were China not poor performance or losses or UK foray

dont compare with gland pharma