Macrotech Developers Limited IPO (Lodha Developers IPO) Details;
Macrotech Developers Limited IPO (Lodha Developers IPO) Details. This company is India’s biggest real estate developer. The business mainly develops affordable residential real estate, In 2019, it expanded into the construction of logistics and industrial parks, as well as commercial real estate. Some of its affordable and mid-income housing projects include 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 This division contributes the most income for the company, accounting for 57.77 percent of revenue in fiscal 2020.
It intends to build an industrial park on over 800 acres of land near Palava as part of its logistics and industrial park portfolio. The commercial real estate portfolio, on the other hand, comprises developments such as executive headquarters, IT campuses, and boutique office spaces. As of December 31, 2020, the company has completed 91 developments covering 77.22 million square feet of developable land, including 59.13 million square feet in the affordable housing section.
IPO Details:
| IPO Opening Date | Apr 7, 2021 |
| IPO Closing Date | Apr 9, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹483 to ₹486 per equity share |
| Market Lot | 30 Shares |
| Min Order Quantity | 30 Shares |
| Listing At | BSE, SME |
| Issue Size | 51,440,328 Eq Shares of ₹10
(aggregating up to ₹2,500.00 Cr) |
Macrotech Developers Limited IPO Details;
This company is India’s biggest real estate developer. The business mainly develops affordable residential real estate, In 2019, it expanded into the construction of logistics and industrial parks, as well as commercial real estate. However, the issue is going to be opened on the 7th of April and it will be closed on 9th April 2021. Hence, the face value is Rs. 10/- per equity share. But, the IPO price is Rs. ₹483/- to ₹486/- per share. However, the minimum market lot is set at 30 shares per lot. Moreover, the minimum order quantity for buying is 30 shares. Further, the stock listing at BSE, SME. Similarly, the issue of Equity shares is Rs. 10/- aggregating up to Rs. ₹2,500.00 Crores.
Objects of the Issue:
- To reduce aggregate outstanding borrowings of the company on a consolidated basis.
- Hence, To acquire land or land development rights.
- To meet general corporate purposes.
Prospectus Documents:
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/