Lodha Developers Limited IPO (Lodha Developers IPO) Detail

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 Rs 3.50 million to Rs 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

Company Promoters:

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.

Company Financials:

Summary of financial Information (Restated Consolidated)
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
Summary of financial Information (Restated Standalone)
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

Objects of the Issue:

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

Lodha Developers IPO Details

IPO Opening Date
IPO Closing Date
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price[.] to [.] per equity share
Market Lot
Min Order Quantity
Listing AtBSE, NSE
Issue Size

Lodha Developers IPO Prospectus

Lodha Developers IPO Rating

Rating:Rated 4.0 stars

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Lodha Developers IPO Reviews / Ratings

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Company Contact Information

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

Lodha Developers IPO FAQs

  1. What is Lodha Developers IPO?

    Lodha Developers IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per equity share. The minimum order quantity is .

    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.

  2. When Lodha Developers IPO will open?

    The Lodha Developers IPO dates are not announced. Please check back again after some time.

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

    Lodha Developers IPO lot size and the minimum order quantity is not available at this time. Please check again later.

  4. 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.

  5. When Lodha Developers IPO allotment?

    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.

  6. 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 [.].

Lodha Developers IPO Message Board

Ranked Members  Ranked Members

75. RT |Aug 8, 2018 06:39
Dear Admin,
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.
75.1. Administrator |Aug 8, 2018 12:57
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Hi RT,

Thank you for your kind feedback.

Actually we added this after the request from many members. The IPO was suppose to open a week back. It is expected to announce anytime soon. We are closely monitoring the situation and will take the action accordingly.

Team Chittorgarh.com

Thank you,

Chittorgarh.com Admins

74. raju gupta |Aug 8, 2018 23:27
When date declared?
73. Am eye |Aug 7, 2018 16:36
72. Adp |Aug 7, 2018 10:10
Lodha Dev. Ipo date konsa hai..
71. medge |Aug 6, 2018 22:20
IPO Mentor IPO Mentor (900+ Posts, 1500+ Likes)
Nothing is happening on this counter, page should be disabled until next update about dates
70. Iponewsupdate |Aug 5, 2018 17:15
Application rate 450/
70.1. techuser |Aug 6, 2018 11:54
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
What will be the price band?
69. Iponewsupdate |Aug 5, 2018 17:15
Alloted Application rate 950/
68. vira shah |Aug 5, 2018 07:01
Surat kostak start 500 rs lodha
67. Sammy ipo |Jul 31, 2018 17:29
PNB metlife and muthoot microfin have filed draft offer documents with sebi
67.1. Navkant |Aug 2, 2018 00:56
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Both are good if priced well.
67.2. Andi |Aug 4, 2018 22:50
@ Sammy ipo @ Navkant

You guys have any idea whether these issues have share holder quota like HDFC AMC ?? Muthoot Fincorp is doing well and life insurance vertical of PNB may come on the blocks for sale to reduce NPA issues.
66. Milan Jhunjhunwala |Aug 3, 2018 14:03
This message has been removed by a moderator.
66.1. Am eye |Aug 3, 2018 14:58
Which company?
65. Uchit Patel |Jul 30, 2018 17:08
IPO Mentor IPO Mentor (500+ Posts, 1400+ Likes)
Don't buy at more than Rs. 400 premium. If I got allotment I will exit at Rs. 400 premium. 1500 is good price to exit. HDFC AMC's promoters are not fool, they are offering at Rs. 1100.

This is not HDFC Life. HDFC Life got almost Rs. 50000 crore bids from Anchor Investors, which is 20 times than total reserved. Though HDFC is brand but each and every script has some reasonable rate in market.
65.3. Uchit Patel |Aug 3, 2018 12:10
IPO Mentor IPO Mentor (500+ Posts, 1400+ Likes)
How you compare DMart with HDFC AMC? Really funny. Just see growth of DMart, quarterly results etc.
65.4. SJ |Aug 3, 2018 14:00
IPO Mentor IPO Mentor (900+ Posts, 2100+ Likes)
Comparing DMart with HDFC AMC is really funny if you compare finance company with fmcg.One should look at fundamentals and market sentimentals rather than simply comparing.Though hdfc may be range bound for short term but here I was talking from long term view.In long term hdfc amc may surpass all numbers like its group companies.Here one can put trust in invester friendly group just like honest promoter of dmart.Let the market decide the future.

Personally I will hold parcially and book profit with the rest.
64. sonal patel |Aug 2, 2018 09:30
IPO Mentor IPO Mentor (700+ Posts, 3300+ Likes)
64.1. Bullbear |Aug 3, 2018 12:57
Because issue of grameen intervened and lodha afraid of that people will apply with full force in grameen and their money will get blocked so as to avoid their issue going flop, their issue will be probably after refund of grameen issue
63. Eagleye |Aug 2, 2018 20:16
IPO Guru IPO Guru (5700+ Posts, 19000+ Likes)
LODHA IPO - Schedule *(Tentative)*
06th Aug - Price Band to be Announced
10th Aug - Anchor List
13th Aug - Offer Opens
16th Aug - Offer Closes
23th Aug - Finalisation of Basis of Allotment
24th Aug - Unblocking of ASBA
27th Aug - Credit to Demat Accounts
28rd Aug - Listing on NSE & BSE

Please Note:
15th / 17th & 22nd August are Bank Holidays
63.1. jainpk |Aug 3, 2018 09:19
Please update this platform with your view.
63.2. S Prabakar |Aug 3, 2018 09:53
Expected times of subscriptions in this issue and gray market activity pls.

Also what is future view of HDFC AMC.

Ur messages are valuable for us.
62. VIE |Aug 2, 2018 11:07
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ sonal Patel
Price may be declared today itself.
62.1. Am eye |Aug 2, 2018 12:30
No news on RHP as of now, leave alone price
62.2. Eagleye |Aug 2, 2018 20:26
IPO Guru IPO Guru (5700+ Posts, 19000+ Likes)
Expected on 06th August
61. Bullbear |Aug 2, 2018 12:16
Good information. Thanks to the posting forum members.
60. Kittusingh |Aug 1, 2018 23:27
Big No , 100% avoid Dont invest in real estate companies reserch on past record of DLF, UNITECH, PARSHVANATH, DB REALITY & Many more. if u want 2 invest in reality sector go for Kolte - patil only
60.1. parvindra singh |Aug 2, 2018 12:16
@kittu singh, i strongly agree with you, but there are tremendous results shown by capacite infra
59. Kaal |Aug 1, 2018 15:34
Again in 2 word about lodha Dev.
Keep fund saved for another good ipo
Choice is your
Many rumors in market don't traped
58. Bullbear |Aug 1, 2018 13:40
Request to administrator to consider a page for grameen credit finance
57. suresh pp |Aug 1, 2018 13:23
Creditacces gmp?
56. A.K. Goyal |Aug 1, 2018 11:20
creditaccess grameen limited, 8 aug to 10 aug
56.1. Cautious ipo |Aug 1, 2018 11:22
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Wait few day some1 may call you for transfer of allotmwnt

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