IPO Status: Closed [7th Apr 2021 to 9th Apr 2021]
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.
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 details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|Lodha Developers Issue Details||Values|
|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|
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||10,227,742||7,670,808||17,898,551||621,118||36,418,219||1||7th Apr 2021 17:02||0.58x||0.11x||0.15x||0.04x||0.26x||2||8th Apr 2021 17:02||0.65x||0.19x||0.25x||0.10x||0.35x||3||9th Apr 2021 17:02||3.05x||1.44x||0.40x||0.17x||1.36x|
Past performance and financial results of Lodha Developers.
|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|
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.
|IPO Issue Open Date||7th Apr 2021|
|IPO Issue Close Date||9th Apr 2021|
|Basis of Allotment Finalisation Date*||16th Apr 2021|
|Refunds Initiation*||19th Apr 2021|
|Credit of Shares to Demat Account*||20th Apr 2021|
|IPO Listing Date*||22nd Apr 2021|
* - Tentative Dates
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Lodha Developers IPO DRHP >>Document
Lodha Developers IPO RHP >>Document
Lodha Developers IPO Allotment Status >>Lodha Developers IPO Allotment is not declared yet, we will provide the link for status once allotment is out.
Last Updated on 2021-04-07T07:07:59+00:00
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.
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To subscribe or apply in Lodha Developers IPO, you can use the following methods:
|Lodha Developers IPO Applying Mode||Method||Details|
|Online Application||3-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 Application||2-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.
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 Application||Physical 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.
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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
Steps to download the online application form for Lodha Developers IPO
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Lodha Developers IPO is going to be list on 22-04-2021.
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Lodha Developers IPO Allotment Date is 16-04-2021.
Other relevant questions:Lodha Developers IPO share allotment date?Lodha Developers IPO allotment date?