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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 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

Lodha Developers IPO Date Apr 7, 2021 to Apr 9, 2021
Lodha Developers IPO Face Value ₹10 per share
Lodha Developers IPO Price ₹483 to ₹486 per share
Lodha Developers IPO Lot Size 30 Shares
Issue Size51,440,328 shares of ₹10
(aggregating up to ₹2,500.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

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

Lodha Developers IPO Timeline (Tentative Timetable)

Lodha Developers IPO opens on Apr 7, 2021, and closes on Apr 9, 2021. The Lodha Developers IPO bid date is from Apr 7, 2021 10.00 A.M. to Apr 9, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Lodha Developers IPO Opening Date Apr 7, 2021
Lodha Developers IPO Closing Date Apr 9, 2021
Basis of Allotment Apr 16, 2021
Initiation of Refunds Apr 19, 2021
Credit of Shares to Demat Apr 20, 2021
Lodha Developers IPO Listing Date Apr 22, 2021

Lodha Developers IPO Lot Size

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

Application Lots Shares Amount
Retail (Min) 1 30 ₹14,580
Retail (Max) 13 390 ₹189,540

Lodha Developers IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding

Lodha Developers IPO Review

Based on its last three offer documents comparisons, latest financial data and rising scare following recurrence of pandemic, immediate future appears gloomy. The issue is priced at a negative P/E based on FY21-9M workings. Though IPO pricing appears lucrative, based on its current working and likely impact of continued corona scare in near term, its “High Risk-Low Return” proposal. Considering all these, cash surplus - risk savvy investors may consider investment at their own risks in this IPO having negative P/E. Read detail review...


Lodha Developers IPO Subscription Status (Bidding Detail)

The Lodha Developers IPO is subscribed 1.36 times on Apr 9, 2021 5:00:00 PM. The public issue subscribed 0.40 times in the retail category, 3.05 times in the QIB category, and 1.44 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 0 times

CategorySubscription (times)
QIB3.05
NII1.44
Retail0.40
Employee0.17
Total1.36

Lodha Developers IPO Prospectus

Lodha Developers IPO Rating

1040
3.5
Rating:Rated 3.5 stars
Vote Here ...

Lodha Developers IPO Listing Date

Listing Date Monday, April 19, 2021
BSE Script Code 543287
NSE Symbol LODHA
Listing In B Group of Securities
ISIN INE670K01029
IPO Price ₹486 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹486.00
₹439.00
₹421.15
₹477.90
₹463.15
NSE
₹486.00
₹436.00
₹422.60
₹478.00
₹465.25

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

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

Lodha Developers IPO FAQs

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 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.

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.

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 .

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.

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.

The Lodha Developers IPO listing date is on Monday, April 19, 2021.
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Lodha Developers IPO Message Board

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474 Comments

218. KING VINOD |   Link |May 16, 2021 11:22:42 AM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
Car Trade Tech files DRHP for the IPO

Issue Size : 1,23,54,811 shares (Expected IPO Size approx 2,000 crore)

Retail Portion : 10% of the Issue Size
217. Ankur Goel |   Link |May 8, 2021 12:30:10 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Guys, which broker provide single margin funding account for equity and commodity accounts.
217.1. RAKESH PUTHRAN |   Link |May 10, 2021 12:33:04 PM
I think ICICI DIRECT does that.
216. Regulagedda Ambica Prasad |   Link |Apr 22, 2021 11:17:35 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Macro tech is giving post listing gains as per my prediction and risk taking. No regrets for having two lots allotted.
216.4. RAKESH PUTHRAN |   Link |May 10, 2021 12:32:31 PM
Touched 690 just now
216.5. Ajit Katariya |   Link |May 10, 2021 9:03:00 PM
yes, I took gamble at last minute seeing less Retail participation. So after listing, there is no selling pressure.
215. Pokemongo |   Link |Apr 26, 2021 3:44:17 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
1. When will be the result?
2. What is the target after it reached 586 today?
215.1. RAKESH PUTHRAN |   Link |Apr 27, 2021 7:56:40 PM
613 today.
215.2. RAKESH PUTHRAN |   Link |Apr 30, 2021 4:06:04 PM
Should reach 700 next week.
214. Aniketiaf |   Link |Apr 21, 2021 11:42:52 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
As earlier predicted, In Bharat Rasayan Buy back, 100% acceptance for single share holders.
214.1. mark bab |   Link |Apr 29, 2021 12:49:10 PM
No. Mine was not accepted. Do not know why? Got it back
214.2. MR AGARWAL |   Link |May 1, 2021 7:28:24 PM
Sir , Can you please tell how to check the AR and ER for SIS buyback . Heard that tendering of shares will start from 12 may .
213. BOOM |   Link |Apr 27, 2021 1:33:54 PM
One more circuit
212. Konapurkar Aditya |   Link |Apr 20, 2021 11:48:02 AM
Nureca

16th Upper circuit

19th Upper Circuit

20th Upper Circuit
212.5. BOOM |   Link |Apr 24, 2021 7:32:35 PM
ANOTHER CIRCUIT
212.6. BOOM |   Link |Apr 27, 2021 12:01:34 AM
AUR EK CIRCUIT
211. Praful JJ |   Link |Apr 26, 2021 3:09:35 PM
Lodha Devloper 1 sideeeee
210. Aniketiaf |   Link |Apr 21, 2021 11:44:14 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
3rd May is the record date for Quick Heal Buyback.
210.4. NforNandkishor |   Link |Apr 22, 2021 10:33:36 AM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
Thanks for your suggestions. What''s about railtel at current 110 level? Prince has corrected much from its high levels
210.5. NforNandkishor |   Link |Apr 23, 2021 11:05:01 AM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
I was thinking of buying railtel @110, but aaj upar bhag gya 😭😭😭
209. sonal patel |   Link |Apr 22, 2021 11:13:12 PM
IPO Guru IPO Guru (1400+ Posts, 5400+ Likes)
Power Grid may launch landmark Rs 7,700 crore InvIT IPO on April 29, first ever by a PSU in India
208. Ajit Katariya |   Link |Apr 22, 2021 5:52:25 PM
I applied on last 1hr after looing at Retail subscription, i though it''ll be like Gland pharma, so took risk with 1 lot. And it seems perfect. It is one of the stock, which went above it''s listing price. Most of the recently list IPO are not touching listing price also, which shows heavy profit booking, but in this IPO, very less retailers, so less profit booking. :)

207. RAKESH PUTHRAN |   Link |Apr 20, 2021 12:29:37 PM
For all those who predicted this share will fall and those so called experts who just voice their opinion without thinking , Please don''t confuse Retail investors. Stock Touched 490 just now.
207.4. RAKESH PUTHRAN |   Link |Apr 22, 2021 11:14:24 AM
At 530 now.
207.5. RAKESH PUTHRAN |   Link |Apr 22, 2021 3:45:17 PM
Sold at 540 today.
206. Praful JJ |   Link |Apr 22, 2021 11:56:29 AM
sab ne itna dara diya k IPO nai koi bhoot ho jis ko nai knowledge plz apni advice na de
206.1. Neelay Patel |   Link |Apr 22, 2021 1:08:00 PM
absolutely correct. Completely agree with you.
206.2. Faizan |   Link |Apr 22, 2021 2:03:11 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
i knew this was gonna happen. But we cant blame others, we should take our decision on our own. I took mine. I took calculated risk in this one. I generally apply as HNI but for this, i applied in retail with only 2 lots. So that if it goes down loss will be less. Listing day it was in loss but I booked profit in those 2 lots today. Small profit, but profit is profit.
205. IPOANALYSIS |   Link |Apr 19, 2021 10:05:39 AM
Mubarak ho India . Congrats when every country stock market in world is in green. Despite 3 months lockdown UK market never fell even in lockdown. Your stock market is fallen like this. Kudos and congrats .
205.5. Rnathan |   Link |Apr 21, 2021 9:11:59 PM
Since when is stock market the only barometer of health of economy ?
205.6. Rnathan |   Link |Apr 21, 2021 9:26:50 PM
Ignoramuses and nincompoops shouldn''t make irrelevant comparisons or offer their ''not-so-hot'' takes.

Btw not that it matters but the indian indices performed their european counterparts quite comfortably during covid. Usa which suffered a much worse first and second wave performed the best. People who are aware know the real reason why the indices went up and some stocks traded at record valuations. Why bother with that though when you can make stale and cliched arguments ?
204. IPOMantra |   Link |Apr 9, 2021 1:36:22 PM
Lodha has many no of Internal company , however Macrotech is only engaged in Suburban area developments . South Bombay and Wadala area development is doing different company which is more profitable since each flat cost is more than 10 Cr , for eg World One , Kadivali Hi end project is not listed in the description. Now I given this basic information and do as per your discretion since ultimately money is yours. May be i wriiten wrong so please verify from your end.
204.1. RAKESH PUTHRAN |   Link |Apr 9, 2021 5:22:36 PM
it has World View and World Crest on the same site as World One . That is a 7 acres site. Each flat( 3 BHK) was coating a price of 15 Cr and is designed and constructed with a UAE company along with Simplex Engg and Funded by Singapore''s Temasek and HDFC Subsidiary. They are good developers. The stock may see a good Listing and with RJ investing ( if it is true) may add value ( as Nazara and BBQ Nation proved). It may be this months Dark Horse IPO.
204.2. RAKESH PUTHRAN |   Link |Apr 20, 2021 11:04:07 PM
ipoMantra your prediction and my remarks are proving correct . Besides HNI''s and QIP/DII are pulling the stock up.
203. Secret Superstar |   Link |Apr 13, 2021 12:25:21 PM
No New IPO is going to launch in this month.
203.7. PowerUser |   Link |Apr 19, 2021 11:52:16 PM
Top Contributor Top Contributor (200+ Posts)
I am holding it, and yes they were giving 3 rupees every quarter, now increased to 3.1 per quarter.
Check out Distribution section of following page for details
https://indigrid.co.in/download-investor.html

Since Powergrid fixed costs are low, expecting more yield from it.
203.8. NforNandkishor |   Link |Apr 20, 2021 7:08:35 PM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
Thanks for update. I didn''t find this info in moneycontrol
202. NforNandkishor |   Link |Apr 20, 2021 6:10:15 PM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
10 good lead managers have shown their potential. Ipo success also depends on LMs. They can even jack up the price of lodha developers poor ipo.

Retail investors, don''t get in trap in this share. I wonder how LM could jacked up the share price just in 2 days in falling market. There should be a big game behind this price appreciation.

Be cautious
201. Spock 🖖 |   Link |Apr 20, 2021 4:16:26 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
ADITYA BIRLA SUN LIFE AMC LIMITED filed DRHP with SEBI on 19th April

Retail 35%

No any reservation for ABCAPITAL shareholders
200. IPO Mitr |   Link |Apr 20, 2021 1:06:09 PM
No one should have any problem with posts of other people, expert or not.

If someone believes that he/she is smarter than other people then suggest ignoring posts of other people. People posted what they believed is the right opinion and you may post what you believe is the right opinion. Please do not disrespect or abuse each other.
199. Devendra ipo |   Link |Apr 20, 2021 9:50:03 AM
there is no shareholder categery in aditya birla sunlife amc