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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 ₹ 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

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
Issue Open
Issue TypeBook Built Issue IPO
Issue Size
Face ValueRs 10 Per Equity Share
Issue PriceRs - Rs Per Equity Share
Market Lot
Min Order Quantity
Listing AtBSE, NSE

Lodha Developers IPO Prospectus

Lodha Developers IPO Rating

653
4.0
Rating:Rated 4.0 stars

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Lodha Developers IPO Reviews / Ratings

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
Fax: +91 22 2302 4550
Email: investorrelations@lodhagroup.com
Website: http://www.lodhagroup.com

Lodha Developers IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: lodha.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Lodha Developers IPO Review / Comments

avatar
75. RT  Aug 8, 2018 05:39 I Like It. 2 | Report Abuse
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.
Regards
avatar
75.1. Administrator  Aug 8, 2018 11:57 I Like It. 12 | Report Abuse
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

Common Sense Public Forum Rules

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avatar
74. raju gupta  Aug 8, 2018 22:27 I Like It. 1 | Report Abuse
When date declared?
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72. Adp  Aug 7, 2018 09:10 I Like It. 1 | Report Abuse
Lodha Dev. Ipo date konsa hai..
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71. medge  Aug 6, 2018 21:20 I Like It. 8 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Nothing is happening on this counter, page should be disabled until next update about dates
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70. Iponewsupdate  Aug 5, 2018 16:15 I Like It. | Report Abuse
Application rate 450/
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70.1. techuser  Aug 6, 2018 10:54 I Like It. | Report Abuse
What will be the price band?
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69. Iponewsupdate  Aug 5, 2018 16:15 I Like It. | Report Abuse
Alloted Application rate 950/
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68. vira shah  Aug 5, 2018 06:01 I Like It. | Report Abuse
Surat kostak start 500 rs lodha
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67. Sammy ipo  Jul 31, 2018 16:29 I Like It. | Report Abuse
PNB metlife and muthoot microfin have filed draft offer documents with sebi
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67.1. Navkant  Aug 1, 2018 23:56 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Both are good if priced well.
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67.2. Andi  Aug 4, 2018 21:50 I Like It. | Report Abuse
@ 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.
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66. Milan Jhunjhunwala  Aug 3, 2018 13:03 I Like It. 1 | Report Abuse
This message has been removed by a moderator.
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66.1. Am eye  Aug 3, 2018 13:58 I Like It. 1 | Report Abuse
Which company?
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65. Uchit Patel  Jul 30, 2018 16:08 I Like It. 8 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1300+ Likes)
HDFC
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.
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65.3. Uchit Patel  Aug 3, 2018 11:10 I Like It. 5 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1300+ Likes)
How you compare DMart with HDFC AMC? Really funny. Just see growth of DMart, quarterly results etc.
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65.4. SJ  Aug 3, 2018 13:00 I Like It. 17 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ 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.
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64. sonal patel  Aug 2, 2018 08:30 I Like It. 7 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 1300+ Likes)
WHY DATE AND PRICEBAND IS NOT DECLARED TILL DATE ...........
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64.1. Bullbear  Aug 3, 2018 11:57 I Like It. 13 | Report Abuse
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
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63. Eagleye  Aug 2, 2018 19:16 I Like It. 14 | Report Abuse
IPO Guru IPO Guru (4600+ Posts, 14500+ 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
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63.1. jainpk  Aug 3, 2018 08:19 I Like It. | Report Abuse
Mem
Please update this platform with your view.
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63.2. S Prabakar  Aug 3, 2018 08:53 I Like It. | Report Abuse
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.
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62. VIE  Aug 2, 2018 10:07 I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ sonal Patel
Price may be declared today itself.
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62.1. Am eye  Aug 2, 2018 11:30 I Like It. | Report Abuse
No news on RHP as of now, leave alone price
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62.2. Eagleye  Aug 2, 2018 19:26 I Like It. 3 | Report Abuse
IPO Guru IPO Guru (4600+ Posts, 14500+ Likes)
Expected on 06th August
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61. Bullbear  Aug 2, 2018 11:16 I Like It. 1 | Report Abuse
Good information. Thanks to the posting forum members.
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60. Kittusingh  Aug 1, 2018 22:27 I Like It. 3 | Report Abuse
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
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60.1. parvindra singh  Aug 2, 2018 11:16 I Like It. | Report Abuse
@kittu singh, i strongly agree with you, but there are tremendous results shown by capacite infra
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59. Kaal  Aug 1, 2018 14:34 I Like It. 2 | Report Abuse
Again in 2 word about lodha Dev.
Avoid
Keep fund saved for another good ipo
Choice is your
Many rumors in market don't traped
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58. Bullbear  Aug 1, 2018 12:40 I Like It. | Report Abuse
Request to administrator to consider a page for grameen credit finance
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57. suresh pp  Aug 1, 2018 12:23 I Like It. | Report Abuse
Creditacces gmp?
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56. A.K. Goyal  Aug 1, 2018 10:20 I Like It. | Report Abuse
creditaccess grameen limited, 8 aug to 10 aug
418-422
35 shares
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56.1. Cautious ipo  Aug 1, 2018 10:22 I Like It. | Report Abuse
Wait few day some1 may call you for transfer of allotmwnt
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