Macrotech / Lodha Developers IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Aug 07, 2023Let’s have a detailed review of the company and analytics of the Macrotech / Lodha Developers IPO release date, IPO offer price, subscription, Lodha Developers Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, Macrotech Developers IPO promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 483 – 486 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 30 Eq Shares |
| Listing Date | Apr 22, 2021 |
| Offer for Sale | Rs [●] Cr. |
| Fresh Issue | Rs [●] Cr. |
| IPO Size | Rs.2,500.00 Cr. |
| Tick Size | Rs.1 |
Lodha Developers IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
Summary of Lodha Developers IPO
Lodha Developers has based n Mumbai and has many commercial and residential projects. Lodha Developers also have their projects in Pune, Hyderabad, and London.
In the UK property market, Lodha Group made an entry in 2013 with the acquisition of two prime sites in central London for an investment of about 400 million pounds.
The Lincoln Square project was launched in 2016 and the second project No 1 Grosvenor Square, located in the heart of Mayfair, was launched in June 2017.
The company promoters are – MANGAL PRABHAT LODHA, ABHISHEK MANGAL PRABHAT LODHA, SAMBHAVNATH INFRABUILD AND FARMS PRIVATE LIMITED AND MANGAL PRABHAT LODHA FAMILY DISCRETIONARY TRUST.
The lead managers to the issue are BOB Capital Markets Limited, Edelweiss Financial Services Limited, HDFC Bank Limited, ICICI Securities Limited, IIFL Holdings Limited, UBS Securities India Private Limited, YES Securities (India) Limited, and the Registrar to this issue is Link Intime India Private Limited.
Lodha Developers IPO Date
The release date for Macrotech / Lodha Developers IPO is from 7 April 2021 to 9 April 2021.
Check out Related IPO Links:
| Lodha Developers IPO GMP |
| Allotment of Lodha Developers IPO |
Lodha Developers IPO Subscription
| Day / Date | QIB | NII | RII | Employee | Total Subscription |
| 1st Day – 7 April | 0.58x | 0.11x | 0.15x | 0.04x | 0.26x |
| 2nd Day – 8 April | 0.65x | 0.19x | 0.25x | 0.10x | 0.35x |
| 3rd Day – 9 April | 3.05x | 1.44x | 0.40x | 0.17x | 1.36x |
| Shares Offered or Net Issue | 10,227,742 | 7,670,808 | 17,898,551 | 621,118 | 36,418,219 |
The shares subscribed by the public will be updated here.
Check Macrotech / Lodha Developers IPO LIVE Subscription
- Macrotech / Lodha Developers IPO LIVE Bid details on BSE
- Macrotech / Lodha Developers IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Lodha Developers IPO Allotment Status (Macrotech)
Here, you can find the Allotment Status of Macrotech Developers IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Lodha Developers IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Apr 16, 2021 |
| Refunds Initiation | Apr 19, 2021 |
| Credit of Shares to Demat Account | Apr 20, 2021 |
| Share Listing Date | Apr 22, 2021 |
Macrotech / Lodha Developers IPO Price Band
The face value of each share is Rs 10, but the Price Band of the IPO is Rs. 483 – 486.
Macrotech / Lodha Developers IPO Size
This Initial Public Issue of 51,440,328 Shares of Rs.10 each for Price Band of Rs. 483 – 486. per equity share aggregating to Rs.2,500 Cr.
Lodha Developers IPO Share Offering
Fresh Issue: The Fresh Issue of [●] Eq Shares by their Company, aggregating to Rs.[●] Cr.,
Issue Size: 51,440,328 Eq Shares of Rs.10 each, aggregating to Rs.2,500.00 Cr.
Offer for Sale: Offer for sale consists of Up to [●] Eq Shares of face value of Rs.10 each, aggregating Rs. X Cr.
Macrotech / Lodha Developers IPO – Live Performance
The listing date of this IPO is Apr 22, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Lodha Developers Share Price |
Lodha Developers IPO Grey Market Premium
The Lodha Developers Limited IPO Grey Market Premium price is Rs 5-10, the Kostak rate is Rs X and the Subject to Sauda is X.
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Macrotech / Lodha Developers – Company Overview
Lodha Group is a privately-held real estate developer based in Mumbai, India established in 1980 by Mangal Prabhat Lodha. The company is among India’s top real estate companies known for its world-class commercial and residential properties. The majority of the properties are located in Mumbai. They also have a presence in Hyderabad, Pune, and London.
Some known projects are Lodha Bellissimo, Mumbai’s first invite-only project, and The World Towers which includes World One that will be the tallest residential-only structure in the world.
In 2010, they recorded the biggest land deal in India to date by buying a plot for Rs. 4,053 crores from the Mumbai Metropolitan Region Development Authority, for developing a neighborhood region called New Cuffe Parade.
Lodha / Macrotech Developers – Financial Statements
The Group is developing an estimated 33.8 million sq ft of prime real estate with large land reserves in the Mumbai Metropolitan Region (MMR). They have 37 ongoing projects across London, Mumbai, and Pune.
Lodha Developers has a large land bank of over 4,450 acres with an estimated saleable area of 385 million sq ft. In FY 15-16 alone, they completed 6.76 million square feet and 7,426 units across projects. In FY 16-17 Lodha Developers completed 7.76 million sqft. and 5,677 units whereas for 9 months ending 31 December 2017, they completed 9.29 million sqft and 7,438 units across projects.
A summary of the financial position of the company is presented below:
RESTATED STANDALONE SUMMARY STATEMENT (in INR & 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 Expense | 32,188.22 | 1,15,602.32 | 94,899.83 | 1,10,170.39 |
| 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 |
Earnings per Equity Share
| Earning per Equity Share (in INR MILLION) | |||
| Mar’20 | Mar’19 | Mar’18 | |
| Basic | 18.46 | 41.33 | 45.10 |
| Diluted | 18.46 | 41.33 | 45.10 |
Lodha / Macrotech Developers IPO – Promoters
The promoters of the company are:
- MANGAL PRABHAT LODHA,
- ABHISHEK MANGAL PRABHAT LODHA,
- SAMBHAVNATH INFRABUILD AND
- FARMS PRIVATE LIMITED AND MANGAL PRABHAT LODHA FAMILY DISCRETIONARY TRUST
List of Related Parties (Key Managerial Personnel)
- Mukund Manohar Chitale, Independent Director and Chairman.
- Abhishek Mangal Prabhat Lodha, Managing Director and Chief Executive Officer.
- Rajendra Narpatmal Lodha,, Whole-Time Director.
Macrotech Developers IPO – Business strategy
- Leverage our leadership position to act as a partner of choice for landowners and grow using a joint development.
- Pursue a value-accretive land acquisition strategy
- Essential after-sales services
- Develop large-scale industrial parks
Macrotech / Lodha IPO Offer or Issue Details
| Offer of Equity Shares | Up to [●] Equity Shares aggregating to Rs 25,000 million |
| of which | |
| Fresh Issue | Up to [●] Equity Shares, aggregating up to Rs [●] |
| Offer for Sale | Up to [●] Equity Shares, aggregating up to Rs [●] million |
| The Offer consists of: | |
| Employee Reservation Portion | Up to [●] Equity Shares, aggregating up to Rs 300 million |
| Net Offer | |
| The Net Offer consists of: | |
| QIB portion | [●] Equity Shares |
| of which | |
| (i) Anchor Investor Portion | Upto [●] Equity Shares |
| B) Non-Institutional Portion | Not less than [●] Equity Shares |
| C) Retail Portion | Not less than [●] Equity Shares |
| Pre and post Offer Equity Shares | |
| Equity Shares outstanding prior to the Offer | 395,878,000 Equity Shares |
| Equity Shares outstanding after the Offer | X Equity Shares |
Lodha Developers IPO Issue Object
While the specific reason, if any, for a listing of shares is not disclosed, it is expected to have the following objectives:
- Funds for expansion
- Corporate expenses
- Repayment of debts
- Benefits of listing
Lodha Developers IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative Factors are:
Some of the qualitative factors which form the basis for computing the Offer Price are:
1. Strong execution track record with leadership position;
2. Strong presence in the MMR, the most attractive real estate market in one of the fastest-growing
economies;
3. Diversified portfolio of projects – across the residential, office, and retail, catering to various customer
segments;
4. Ability to create projects which redefine the surrounding geography and create value;
5. Established brands and reputation with distinguished marketing and sales capabilities;
6. Speed to market and competition are driven by an integrated real estate business model with in-house
capabilities from land acquisition to completion; and
7. Qualified and experienced management team.
The relevant quantitative factors are:
| Basic EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 18.46 | 17.8 | 103.86 |
| *31-Mar-19 | 41.33 | 48.3 | NA |
| 31-Mar-18 | 45.10 | 101.1 | NA |
Lodha / Macrotech Developers IPO: Competitive Peers
| Listed Peers | Face Value (Rs.) | P/E | EPS Basic (Rs.) | Return on Net Worth (%) | NAV per share (Rs.) |
| Lodha Developers Limited* | 10.00 | [●] | 18.46 | 17.8 | 103.86 |
| Listed Peers | |||||
| Brigade Enterprises Limited | 10.00 | 43.62 | 6.39 | 4.66 | 119.73 |
| DLF Limited | 2.00 | NA | (2.41) | (26.62) | 139.24 |
| Godrej Properties Limited | 5.00 | 131.10 | 10.84 | 5.63 | 190.64 |
Macrotech / Lodha Developers IPO Lead Managers
| Lead Managers |
|
BOB Capital Markets Limited Edelweiss Financial Services Limited HDFC Bank Limited ICICI Securities Limited IIFL Holdings Limited UBS Securities India Private Limited YES Securities (India) Limited |
Macrotech / Lodha Developers IPO – Registrar to offer
| Registrar to offer |
| Link Intime India Private Limited C 101, 247 Park L.B.S.Marg Vikhroli (West) Mumbai 400 083 Telephone: +91 22 49186200 Facscimile: +91 22 49186195 E-mail: lodha.ipo@linkintime.co.in Investor Grievance E-mail: lodha.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan Website: www.linkintime.co.in SEBI Registration No.: INR000004058 |
Macrotech / Lodha Developers IPO – Other Details
- Statutory Auditor – MSKA & Associates
- Legal Counsel to the Company – Cyril Amarchand Mangaldas
- Bankers to the Company – BOB Capital Markets Limited, Edelweiss Financial Services Limited, HDFC Bank Limited, ICICI Securities Limited, IIFL Holdings Limited, UBS Securities India Private Limited, YES Securities (India) Limited
Macrotech Developers IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.7/10 | 7.7/10 | 7.8/10 | 7.3/10 | 7.7/10 |
| Sharekhan | 7.4/10 | 7.4/10 | 7.5/10 | 7.7/10 | 7.8/10 |
| Kotak Securities | 7.7/10 | 7.4/10 | 7.3/10 | 7.8/10 | 7.5/10 |
| ICICI Direct | 7.8/10 | 7.7/10 | 7.5/10 | 7.5/10 | 7.7/10 |
| IIFL | 7.5/10 | 7.8/10 | 7.3/10 | 7.7/10 | 7.5/10 |
| Edelweiss | 7.3/10 | 7.5/10 | 7.7/10 | 7.3/10 | 7.3/10 |
| Zerodha | 7.7/10 | 7.3/10 | 7.7/10 | 7.5/10 | 7.7/10 |
| 5Paisa | 7.9/10 | 7.5/10 | 7.8/10 | 7.3/10 | 7.3/10 |
| Karvy | 7.7/10 | 7.3/10 | 7.5/10 | 7.5/10 | 7.7/10 |
| Motilal Oswal | 7.9/10 | 7.7/10 | 7.3/10 | 7.3/10 | 7.4/10 |
Macrotech / Lodha Developers IPO News
News 1 – Lodha Developers Limited IPO DRHP Download
News 2 – Lodha Developers IPO RHP
Lodha Developers IPO Review FAQs
Ques – What is the Issue Size of Lodha Developers IPO?
Answer – The Company is making an initial public offer of 51,440,328 Eq Shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price Band of Macrotech IPO?
Answer – The price band for this particular IPO ranges between Rs483 to 486 per equity share. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Lodha Developers IPO Open Date?
Answer – The opening and closing dates for the IPO have been updated. The IPO is set to open on Apr 7, 2021, while the closing date is set at Apr 9, 2021.
Ques – What is the Allotment Date of Macrotech IPO?
Answer – We also have the news regarding the respective allotment dates. The basis of Allotment finalization is on Apr 16, 2021, refund initiation is on Apr 16, 2021, credit of shares is on Apr 20, 2021, and share listing date is on Apr 22, 2021.
Ques – What is the Macrotech IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Apr 22, 2021. The date when the listing would be done is stagnant on Apr 22, 2021.
Ques – Who is the Registrar of this IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of this Company?
Answer – Here are the promoters of this company – MANGAL PRABHAT LODHA, ABHISHEK MANGAL PRABHAT LODHA, SAMBHAVNATH INFRABUILD AND FARMS PRIVATE LIMITED AND MANGAL PRABHAT LODHA FAMILY DISCRETIONARY TRUST.. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Lodha Developers IPO?
Answer – We have obtained the GMP of this IPO and it is Rs 5-10. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Lodha Developers IPO good for Investment?
Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of this Company?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Millions is (2,643.02), 2019 is 16,439.77, 2018 is 17,893.90.
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