Incorporated in 1995, Mumbai based Lodha Developers Limited is a company engaged in the business of real estate development. According to Liases Foras, it was the largest real estate developer in India by residential Sales in 2017.
The company develops real estate across the residential and commercial sectors in the Mumbai Metropolitan Region (the "MMR"), Pune and London. In the residential sector, it develops properties with unit values ranging from ₹ 3.50 million to ₹ 590 million. In the commercial sector, it develops office and retail projects on lease model and sale model.
Lodha Developers focuses on branded realty and owns multiple brands including "CASA by Lodha" for affordable housing, the "Lodha" and "Lodha Luxury" for premium projects. In the office space, its brands include"iThink", "Lodha Excelus" and "Lodha Supremus".
As of December 31, 2017, the company had 37 ongoing projects (35 projects were in India and two were in London) accounting for a Developable Area of 33.80 million square feet. It had 22 planned projects in India with a Developable Area of 64.21 million square feet.
The company's overseas projects includes Lincoln Square on Carey Street and 1 Grosvenor Square in Mayfair. As of December 31, 2017, 114 units with total Sales value of GBP 277.65 million were sold.
Strengths of the Company:
1. Leadership position with strong execution record
2. Multiple established brands
3. Strong presence in the attractive real estate markets of Mumbai and Pune
4. Diversified project portfolio in both residential and commercial sector
5. Caters to a wide spectrum of customer segments
Individual Promoters of the company are Mangal Prabhat Lodha and Abhishek Mangal Prabhat Lodha.
Corporate promoters of the company are Sambhavnath Infrabuild and Mangal Prabhat Lodha Family Discretionary Trust.
Sambhavnath Infrabuild was incorporated on August 27, 2007, and is engaged in real estate development and allied activities.
The trustees of Mangal Prabhat Lodha Family Discretionary Trust are Mangal Prabhat Lodha, Manjula Mangal Prabhat Lodha and Abhishek Mangal Prabhat Lodha.
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 (Proforma) | |||
| Total Assets | 344,284.98 | 339,832.23 | 310,286.12 | 279,584.08 | ||
| Total Revenue | 66,345.11 | 79,573.29 | 82,909.52 | 62,694.78 | ||
| Profit After Tax | 5,625.66 | 5,840.34 | 7,028.09 | 7,980.05 | ||
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 (Proforma) | |||
| Total Assets | 259,144.47 | 285,505.23 | 253,608.83 | 236,483.22 | ||
| Total Revenue | 39,486.47 | 58,497.93 | 68,237.94 | 46,739.19 | ||
| Profit After Tax | 3,754.80 | 3,207.05 | 6,884.54 | 5,523.21 | ||
The Offer comprises of a Fresh Issue and the Offer for Sale.
The Promoter Selling Shareholder will be entitled to the proceeds of the Offer for Sale and the company will not receive any proceeds from it.
The objects of the fresh issue are-
1. Reduction of the aggregate outstanding borrowings of the Company on a consolidated basis; and
2. General corporate purposes
| Issue Open | |
| Issue Type | Book Built Issue IPO |
| Issue Size | |
| Face Value | ₹10 Per Equity Share |
| Issue Price | [.] to [.] Per Equity Share |
| Market Lot | |
| Min Order Quantity | |
| Listing At | BSE, NSE |
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Lodha 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: http://www.lodhagroup.com
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: lodha.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Lead Manager Reports
Lodha Developers IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹[.] Crores.
The issue price of the IPO is [.] to [.] Per Equity Share. The minimum order quantity is per application and the offer type is Book Built Issue.
The Lodha Developers IPO open and close dates are not available as of now.
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 dates are not announced. Please check back again after some time.
Lodha Developers IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Lodha Developers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Lodha Developers IPO allotment status.
Lodha Developers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
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If date is not finalized of Lodha Developers then why not this name is removed from the list. May again be added at the right time.
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