Profit Sheets

Macrotech Developers (Lodha Developers)

April 20, 2021 02:55 PM

Lodha Developers 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.

Company Promoters:

Abhishek Mangal Prabhat Lodha, Rajendra Narpatmal Lodha, Sambhavnath Infrabuild and Sambhavnath Trust are the company promoters.

 

Lodha Developers 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, NSE
Issue Size 51,440,328 Eq Shares of ₹10
(aggregating up to ₹2,500.00 Cr)

Lodha Developers IPO Tentative Timetable

The Lodha Developers IPO open date is Apr 7, 2021, and the close date is Apr 9, 2021. The issue may list on Apr 22, 2021.

IPO Open Date Apr 7, 2021
IPO Close Date Apr 9, 2021
Basis of Allotment Date Apr 16, 2021
Initiation of Refunds Apr 19, 2021
Credit of Shares to Demat Account Apr 20, 2021
IPO Listing Date Apr 22, 2021

Lodha Developers IPO Lot Size

The Lodha Developers IPO market lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹189,540).

Application Lots Shares Amount (Cut-off)
Minimum 1 30 ₹14,580
Maximum 13 390 ₹189,540

 

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