Bookbuilding IPO | ₹2,500 Cr | Listed at BSE, NSE | Wed, Apr 7, 2021 - Fri, Apr 9, 2021
Macrotech Developers IPO is a book build issue of ₹2,500.00 crores. The issue is entirely a fresh issue of 5.14 crore shares of ₹2,500.00 crore.
Macrotech Developers IPO bidding started from Apr 7, 2021 and ended on Apr 9, 2021. The allotment for Macrotech Developers IPO was finalized on Apr 16, 2021. The shares got listed on NSE and BSE on Apr 19, 2021.
Macrotech Developers IPO is set final issue price at ₹486 per share. The lot size for an application is 30 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,580 (30 shares) (based on upper price). The lot size investment for sNII is 14 lots (420 shares), amounting to ₹2,04,120, and for bNII, it is 69 lots (2,070 shares), amounting to ₹10,06,020.
The issue includes a reservation of up to 6,17,283 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Macrotech Developers IPO RHP for detailed Information.
IPO Open
Wed, Apr 7, 2021
IPO Close
Fri, Apr 9, 2021
Issue Price
₹486 per share
Market Cap (Pre-IPO)
₹21,739.67 Cr
| IPO Date | 7 to 9 Apr, 2021 |
| Listed on | Mon, Apr 19, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹483 to ₹486 |
| Issue Price | ₹486 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,14,40,328 shares (agg. up to ₹2,500 Cr) |
| Fresh Issue | 5,14,40,328 shares (agg. up to ₹2,500 Cr) |
| Share Holding Pre Issue | 39,58,78,000 shares |
| Share Holding Post Issue | 44,73,18,328 shares |
| BSE Script Code / NSE Symbol | 543287 / LODHA |
| ISIN | INE670K01029 |
Macrotech Developers IPO comprises a total issue size of 5,14,40,328 shares. The net offer to the public is 5,08,23,045 shares, after excluding 6,17,283 shares under a preferential allotment. Of the Net offer 2,54,11,522 (50.00%) are allocated to QIB, 76,23,457 (15.00%) allocated to NII 1,77,88,066 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 2,54,11,522 | 50.00% | 49.40% | NA |
| − Anchor Investor Shares Offered | 1,52,46,913 | 29.64% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 1,01,64,609 | 19.76% | NA | |
| NII (HNI) Shares Offered | 76,23,457 | 15.00% | 14.82% | NA |
| Retail Shares Offered | 1,77,88,066 | 35.00% | 34.58% | 5,92,935 |
| Preferential Reservations | ||||
| Employee Shares Offered | 6,17,283 | 1.20% | NA | |
| Total Shares Offered | 5,14,40,328 | 100.00% | 100.00% | |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,580 |
| Retail (Max) | 13 | 390 | ₹1,89,540 |
| S-HNI (Min) | 14 | 420 | ₹2,04,120 |
| S-HNI (Max) | 68 | 2,040 | ₹9,91,440 |
| B-HNI (Min) | 69 | 2,070 | ₹10,06,020 |
Macrotech Developers IPO raises ₹741.00 crore from anchor investors. Macrotech Developers IPO Anchor bid date is April 6, 2021.
| Bid Date | Tue, Apr 6, 2021 |
| Shares Offered | 1,52,46,913 |
| Anchor Portion (₹ Cr.) | 741.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, May 16, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jul 15, 2021 |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
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
| Period Ended | 31 Dec 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 40,594.62 | 40,692.56 | 49,863.94 | 47,811.28 |
| Total Income | 3,160.49 | 12,560.99 | 11,978.87 | 13,726.57 |
| Profit After Tax | -264.30 | 744.84 | 1,643.98 | 1,789.39 |
| EBITDA | 563.58 | 1,920.27 | 3,167.03 | 3,289.66 |
| NET Worth | 3,841.11 | 4,111.54 | 3,390.29 | 1,765.41 |
| Reserves and Surplus | 4,416.27 | 4,675.60 | 3,979.91 | 1,859.05 |
| Total Borrowing | 18,662.19 | 18,423.16 | 25,640.56 | 22,616.11 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|
| Atal Realtech Ltd. | SME | ₹10.83 Cr | ₹72 | ₹66.70 | -7.36% | ₹30.43 (-0.36%) |
| Veer Global Infraconstruction Ltd. | SME | ₹4.92 Cr | ₹28 | ₹29.50 | +5.36% | ₹143.00 (+0.00%) |
| Suratwwala Business Group Ltd. | SME | ₹6.90 Cr | ₹15 | ₹16.22 | +8.13% | ₹24.37 (-1.93%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Reduction of the aggregate outstanding borrowings of our Company on a consolidated basis | 1,500.00 |
| 2 | Acquisition of land or land development rights | 375.00 |
| 3 | General corporate purposes | 532.77 |
The Macrotech Developers IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 1.14 | 5,14,40,328 | 5,84,97,463 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Managers’fees and commissions(including underwriting commission, brokerage and selling commission) | 56.97 |
| 2 | Commission/ processing fee for SCSBs and Bankers to the Issueand fee payable to the Sponsor Bank for Bids made by Retail Individual Bidders using UPI | 0.58 |
| 3 | Brokerage, selling commission and bidding charges for members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs | 2.29 |
| 4 | Fees payable to Registrar to the Issue | 1.32 |
| 5 | Fees payable to other advisors to the Issue | 9.17 |
| 6 | Fees payable to regulators including BSE and NSE listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 5.63 |
| 7 | Printing and stationery expenses | 3.81 |
| 8 | Advertising and marketing expenses | 4.00 |
| 9 | Fees payable to legal counsels | 5.58 |
| 10 | Miscellaneous | 2.88 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹486.00 | ₹486.00 |
| Open | ₹439.00 | ₹436.00 |
| Low | ₹421.15 | ₹422.60 |
| High | ₹477.90 | ₹478.00 |
| Last Trade | ₹463.15 | ₹465.25 |
Lead Manager Reports
Macrotech Developers IPO is a main-board IPO of 5,14,40,328 equity shares of the face value of ₹10 aggregating up to ₹2,500 Crores. The issue is priced at ₹486 per share. The minimum order quantity is 30.
The IPO opens on Wed, Apr 7, 2021, and closes on Fri, Apr 9, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Macrotech Developers IPO using UPI as a payment gateway. Zerodha customers can apply in Macrotech Developers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Macrotech Developers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Macrotech Developers IPO opens on Wed, Apr 7, 2021 and closes on Fri, Apr 9, 2021.
Macrotech Developers IPO lot size is 30, and the minimum amount required for application is ₹14,580.
You can apply in Macrotech Developers IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Macrotech Developers IPO will be done on Friday, April 16, 2021, and the allotted shares will be credited to your demat account by Tue, Apr 20, 2021. Check the Macrotech Developers IPO allotment status.
The Macrotech Developers IPO listing date is on Mon, Apr 19, 2021.
