Macrotech Developers (Lodha) IPO Details, Price, GMP, Allotment Status

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Lodha

Macrotech Developers (Lodha) IPO is now to subscribe dates price and other details have been mentioned in this article.

Macrotech Developers (Lodha) 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
The credit of Shares to Demat Account Apr 20, 2021
IPO Listing Date Apr 22, 2021

Macrotech Developers (Lodha) 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

Macrotech Developers  (Lodha) IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding

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. The company generates maximum revenue from this segment as in 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 of 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.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in millions)
31-Dec-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 4,05,946.16 4,06,925.56 4,98,639.40 4,78,112.76
Total Revenue 31,604.85 1,25,609.85 1,19,788.67 1,37,265.69
Profit After Tax (2,643.02) 7,448.36 16,439.77 17,893.90

 

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/

How to apply Macrotech Developers (Lodha) IPO through Zerodha?

Zerodha customers can apply online in Macrotech Developers (Lodha) IPO using UPI as a payment gateway. Zerodha customers can apply in Macrotech Developers (Lodha) IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply Macrotech Developers  (Lodha) IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the ‘Macrotech Developers IPO’ row and click the ‘Bid’ button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Check Macrotech Developers (Lodha) IPO Allotment Status:

  • To check MacroTech Developers IPO allotment status on BSE or NSE website, go to the BSE website.
  • On the website, click on ‘Equity’ and then from the dropdown, select ‘Macrotech Developers IPO’.
  • Now, enter your application number and PAN.
  • Click on ‘Search’.

More Upcoming IPO’s: IPO

Lodha Developers IPO GMP:

Date GMP Kostak Subject to
7 April 2021 2 0 0
6 April 2021 6 0 0
5 April 2021 0 0 0
3 April 2021 0 0 0
2 April 2021 0 0 0
1 April 2021 0 0 0
31 March 2021 0 0 0
30 March 2021 0 0 0
27 March 2021 0 0 0
26 March 2021 0 0 0
25 March 2021 0 0 0
24 March 2021 0 0 0

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