Macrotech Developers Limited IPO (Lodha Developers IPO) Details

Macrotech Developers Limited

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, Dombivli 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 31st, 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.

Macrotech Developers Limited IPO Details:

IPO Opening Date April 7th, 2021
IPO Closing Date April 9th, 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 5,14,40,328 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 2021 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.
    • To acquire land or land development rights.
    • To meet general corporate purposes.

Prospectus Documents:

Lodha Developers IPO DRHP

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/

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