Macrotech Developers (Lodha Developers) IPO

IPO Status: Closed [7th Apr 2021 to 9th Apr 2021]

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About Macrotech Developers (Lodha Developers) IPO

Macrotech Developers (Lodha Developers), India's largest residential real estate developer is coming with an IPO of Rs. 2,500 Cr to list on the bourses. The IPO opens on 7th April and closes for subscription on 9th April. The IPO lot size (minimum order quantity) is 30 shares and price band is fixed at Rs.483-486. The face value per share is Rs. 10, floor price is 48.3 times and cap price is 48.6 times of the face value. Stay updated here to know more about Macrotech Developers IPO including business overview, financials, strengths, weaknesses, important dates, GMP, live subscription, allotment, and recommendations.

About the Company - Macrotech Developers Limited

Macrotech Developers is India's largest residential real estate developer that core business activity is to develop affordable residential property for mid-income generating people. It started its operations in Mumbai but later diversified into other segments and regions in the Mumbai Metropolitan Region (MMR) and Pune. It has completed many residential real estate projects in Palava (Navi Mumbai, Dombivali Region), Upper Thane (Thane outskirts), Amara (Thane), Lodha Sterling (Thane), Lodha Luxuria (Thane), Crown Thane (Thane), Lodha Belmondo (Pune), Lodha Splendora (Thane), Casa Maxima (Mira Road), and others.

In 2019, Macrotech developers has forayed into logistic and industial parks development and it has planned to develop industrial parks in an area of 800 acres of land near Palava. It further engaged in commercial real estate development including building corporate offices, IT campuses, and boutique office spaces. Till 31 Dec 2020, it has completed 91 real estate projects.

Lodha Developers IPO Objective

  • To pay off company's outstanding borrowings.
  • Acquisition of land and land development rights.
  • General Corporate purposes.

Lodha Developers IPO Details

Lodha Developers IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Lodha Developers IPO Details
Lodha Developers Issue Details Values
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹2,500 Cr.
Face Value: ₹10 Per Equity Share
IPO Issue Price: ₹483-486
Market Lot: 30 Shares
Min Retail Qty: 30 shares (1 lot)
Max Retail Qty: 390 shares (13 lots)
Promoter Holding Pre IPO: 100%
Promoter Holding Post IPO: TBD
IPO Listing At: BSE, NSE
BSE Code: 543287
NSE Code: LODHA

Lodha Developers IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 10,227,742 Shares
  • Non-Institutional Investors: 7,670,808 Shares
  • Retail Individual Investor: 17,898,551 Shares
  • Employees Quota: 621,118 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIIEMPTotal
 # of Shares Offered10,227,7427,670,80817,898,551621,11836,418,219
17th Apr 2021 17:020.58x0.11x0.15x0.04x0.26x
28th Apr 2021 17:020.65x0.19x0.25x0.10x0.35x
39th Apr 2021 17:023.05x1.44x0.40x0.17x1.36x

Lodha Developers Financials for past 3 Years

Past performance and financial results of Lodha Developers.

Lodha Developers financial
Lodha Developers IPO Financials 31-Dec-2020 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹40,594.62 Cr ₹40,692.56 Cr ₹49,863.94 Cr ₹47,811.28
Total Income ₹3,160.48 Cr ₹12,560.99 Cr ₹11,978.87 Cr ₹13,726.57 Cr
Net Profit/Loss ₹(264.30) Cr ₹744.84 Cr ₹1,643.98 Cr ₹1,789.39 Cr

Lodha Developers IPO Strengths

  • India's largest residential real estate developer in the affordable and mid-income segment.
  • Proven project execution capabilities with 91 successfully completed project till Dec 20.
  • Diversified portfolio of residential developments, spread across price points and micro-markets in the MMR.
  • Premium pricing with unique brand positioning.

Lodha Developers IPO Threats/Weaknesses

  • Uncertain impact of a global outbreak of COVID-19 pandemic on business activities.
  • Geographically concentrated real estate development activities in and around the Mumbai Metropolitan Region (MMR).
  • Inability to complete the project on time will negatively affect business activities.
  • Supply disruption of labour and building material will adversely affect construction costs.

Lodha Developers IPO Important Dates

In this section we have covered all important dates related to Lodha Developers IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Lodha Developers IPO important dates
IPO Activity Date
IPO Issue Open Date 7th Apr 2021
IPO Issue Close Date 9th Apr 2021
Basis of Allotment Finalisation Date* 16th Apr 2021
Refunds Initiation* 16th Apr 2021
Credit of Shares to Demat Account* 16th Apr 2021
IPO Listing Date* 19th Apr 2021

* - Tentative Dates

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@
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Lodha Developers IPO DRHP >>Document

Lodha Developers IPO RHP >>Document

Lodha Developers IPO Allotment Status >>Link

Company Address

Macrotech Developers Limited
412, Floor -4, 17G, Vardhaman Chamber, Cawasji Patel Road,
Horniman Circle, Fort, Mumbai - 400 001, India
Website: https://www.lodhagroup.in/
Email: [email protected]
Phone: +91 22 2302 4400

Registrar

Link Intime India Private Limited
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Tel: +91-22-4918 6270
E-mail: [email protected]
Website: http://www.linkintime.co.in/

Lead Manager

  1. Axis Capital Limited.
  2. J.P. Morgan India Private Limited.
  3. Kotak Mahindra Capital Company Limited.
  4. ICICI Securities Limited.
  5. Edelweiss Financial Services Limited.
  6. IIFL Securities Limited.
  7. JM Financial Limited.
  8. YES Securities (India) Limited.
  9. SBI Capital Markets Limited.
Lodha Developers IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Lodha Developers? Should I apply in Lodha Developers IPO?

Last Updated on 2021-06-10T12:49:32+00:00

Lodha Developers IPO FAQs

  1. 1. How to subscribe Lodha Developers IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Lodha Developers IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Lodha Developers IPO with Zerodha.

    Alternate approch to apply in Lodha Developers IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Lodha Developers IPO Review and Important Updates

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  2. 2. How to apply in Lodha Developers IPO online?

    Apply in Lodha Developers IPO online

    To subscribe or apply in Lodha Developers IPO, you can use the following methods:

    Lodha Developers IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Lodha Developers IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Lodha Developers IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Lodha Developers IPO. Most of the Syndicate Banks provide access to apply in Lodha Developers IPO via ASBA process. You must have your net banking access, DP ID information to apply in Lodha Developers IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Lodha Developers IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Lodha Developers IPO Review and Important Updates

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  3. 3. How to download online application form for Lodha Developers IPO?

    Applying in Lodha Developers IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Lodha Developers IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Lodha Developers IPO, please refer article >> Link

    Lodha Developers IPO Review and Important Updates

    Steps to download the online application form for Lodha Developers IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 30 and max 390 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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  4. 4. What is the listing date of Lodha Developers IPO?

    Lodha Developers IPO is going to be list on 19-04-2021. NSE Code for Lodha Developers is LODHA. BSE Code for Lodha Developers is 543287.

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  5. 5. When Lodha Developers IPO will be allocated?

    Lodha Developers IPO Allotment Date is 16-04-2021.

    Other relevant questions:

    Lodha Developers IPO share allotment date?Lodha Developers IPO allotment date?

     

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