Macrotech Developers Limited IPO (Lodha Developers IPO) Detail

Apr 7, 2021 - Apr 9, 2021

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.

Company Promoters:

Abhishek Mangal Prabhat Lodha, Rajendra Narpatmal Lodha, Sambhavnath Infrabuild and Sambhavnath Trust are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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

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 DateApr 7, 2021
IPO Closing DateApr 9, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹483 to ₹486 per equity share
Market Lot30 Shares
Min Order Quantity30 Shares
Listing AtBSE, NSE
Issue Size51,440,328 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 DateApr 7, 2021
IPO Close DateApr 9, 2021
Basis of Allotment DateApr 16, 2021
Initiation of RefundsApr 19, 2021
Credit of Shares to Demat AccountApr 20, 2021
IPO Listing DateApr 22, 2021

Lodha Developers IPO Lot Size

The Lodha Developers IPO market lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹189,540).

ApplicationLotsSharesAmount (Cut-off)
Minimum130₹14,580
Maximum13390₹189,540

Lodha Developers IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Lodha Developers IPO Subscription Status (Bidding Detail)

The Lodha Developers IPO is subscribed 1.36x times on Apr 9, 2021 17:00. The public issue subscribed 0.40x in the retail category, 3.05x in the QIB category, and 1.44x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

3.05x

NII

1.44x

RII

0.40x

Employee

0.17x

Total

1.36x

Lodha Developers IPO Prospectus

Lodha Developers IPO Rating

1040
3.5
Rating:Rated 3.5 stars

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Company Contact Information

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 Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: macrotech.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Lodha Developers IPO FAQs

  1. 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.

  2. How to apply in Lodha Developers IPO through Zerodha?

    Zerodha customers can apply online in Lodha Developers IPO using UPI as a payment gateway. Zerodha customers can apply in Lodha Developers IPO by login into Zerodha Console (back office) and submitting an IPO application form.

    Steps to apply in Lodha Developers IPO through Zerodha

    1. Visit the Zerodha website and login to Console.
    2. Go to Portfolio and click the IPOs link.
    3. Go to the 'Lodha Developers IPO' row and click the 'Bid' button.
    4. Enter your UPI ID, Quantity, and Price.
    5. ‘Submit’ IPO application form.
    6. Visit the UPI App (net banking or BHIM) to approve the mandate.

    Visit Zerodha IPO Application Process Review for more detail.

  3. When Lodha Developers IPO will open?

    The Lodha Developers IPO opens on Apr 7, 2021 and closes on Apr 9, 2021.

  4. What is the lot size of Lodha Developers IPO?

    Lodha Developers IPO lot size is 30 Shares and the minimum order quantity is 30 Shares.

  5. How to apply for Lodha Developers IPO?

    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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  6. When Lodha Developers IPO allotment?

    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. Check the Lodha Developers IPO allotment status.

  7. 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 Message Board

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