Lodha Developers IPO – Review, Allotment Status, Subscription, Price, Date & more

Lodha Developers IPO is coming in the year 2018. The Mumbai based reality house, Lodha Developers, plans to raise funds to the tune of Rs. 3,000 to Rs. 6,000 crores. The company also had plans in January 2010 to raise funds via IPO but the plan was stacked. In this article, we will discuss about the Lodha Developers IPO release date, IPO offer price, IPO size, IPO object, merchant bankers, company’s background and other details.Open Demat Account - Offers


Lodha Developers IPO Review & Ratings

Lodha Developers IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.8/10
Industry Ranking8.7/10
Company Background8.9/10
Company Reputation8.7/10
Competitive Edge8.2/10
Financial Statements8.4/10
Popularity Index8.3/10
Promoters Reputation8.7/10
Retail Appetite8.8/10
Top Brokers Review8.3/10
Overall Ratings8.6/10
Star Ratings★★★★★

Summary of Lodha Developers IPO

lodha developers ipoLodha Developers is based n Mumbai and have 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 IPO of Lodha Developers is expected to be between Rs. 3,000 to Rs 6,000 crores. Lodha Developers IPO merchant bankers and lean managers might include Citic CLSA, Kotak and Morgan Stanley.


Open Free* Demat A/C Now! Fill the details below

    Fill Your Details Here
    1. Open Demat Account

    Lodha Developers IPO Date

    The release date for Lodha Developers IPO is not yet disclosed. This section would be updated, once the same is process is completed.

    Lodha Developers IPO Subscription

     Subscription
    Day 1 X
    Day 2 X
    Day 3 X
    Day 4 X
    Day 5 X

    Upon release of the IPO, the details of shares subscribed for Lodha Developers would be updated herein.

    Lodha Developers IPO Allotment Status

    The status of shares allotted for Lodha Developers IPO will be updated here after the bid date lapses and the shares are allotted. Further details would be updated herein shortly.

    Lodha Developers IPO Price Band

    Currently,  the offer price for Lodha Developers IPO is not known. This section would be updated, once the entire process of listing is set. Generally, the price setting is done by the company and the lead managers, keeping in mind the market position and other similar parameters.

    Lodha Developers IPO Issue Size

    The IPO size for Lodha Developers is expected to be somewhere between Rs. 3,000 crore to Rs. 6,000 crore. The figures are just indicative numbers and may undergo a change once the prospectus is released. This is section will be revised, as and when there is a new updated. 

    Lodha Developers IPO Equity Share Offerings

    As of now, only an indicative figure of IPO issue size has been disclosed. The number of shares have not been provided yet. The details would be updated herein, as soon as available.


    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 neighbourhood region called New Cuffe Parade.

    Key members of Lodha Developers:

    • Mangal Prabhat Lodha (Chairman Founder)
    • Abhishek Lodha (Managing Director)
    • Rajendra Lodha (Whole Time Director)

    Competitive Strengths of Lodha Developers

    • Pioneer in partnering with foreign brands
    • Portfolio of big brands
    • Detailed analysis and market research

    Business strategy of Lodha Developers

    • Focus on branded realty
    • Dedicated and experienced customer service team
    • Essential after — sales services

    Lodha 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 have 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 December 31,2017, 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 CONSOLIDATED SUMMARY STATEMENT (in INR & Millions)

    31-Dec-1731-Mar-1731-Mar-1631-Mar-15 (Proforma)
    Total Assets344,284.98339,832.23310,286.12279,584.08
    Total Expense57,734.7669,405.8970,587.7049,976.02
    Total Revenue66,345.1179,573.2982,909.5262,694.78
    Profit After Tax5,625.665,840.347,028.097,980.05

    RESTATED STANDALONE SUMMARY STATEMENT (in INR & Millions)

    31-Dec-1731-Mar-1731-Mar-1631-Mar-15 (Proforma)
    Total Assets259,144.47285,505.23253,608.83236,483.22
    Total Expense33,789.0153,291.0057,163.6038,039.08
    Total Revenue39,486.4758,497.9368,237.9446,739.19
    Profit After Tax3,754.803,207.056,884.545,523.21

    Earnings per Equity Share

    Earning per Equity Share (in INR MILLION)
     Mar’17Mar’16Mar’15Mar’14Mar’13
    Basic58.95(4,414.11)(1,041.67)NANA
    Diluted58.95(4,414.11)(1,041.67)NANA

    The details would be shortly updated herein and an analysis of the same would also be presented.


    Lodha Developers 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

    Promoter Interest in the company.

    These details would be shortly updated for Lodha Developers promoters.

    Promoter Interest in property of the company

    These details would be shortly updated for Lodha Developers promoters.


    Lodha Developers IPO Offer Details or Issue Details

    Offer of Equity SharesUp to [●] Equity Shares aggregating to ₹ [●] million
    of which
    Fresh IssueUp  to  [●]  Equity  Shares,  aggregating  up  to Rs  37,500 million
    Offer for SaleUp to 18,000,000 Equity Shares, aggregating up to Rs [●] million
    The Offer consists of:
    Employee Reservation PortionUp  to  450,000  Equity  Shares,  aggregating  up  to  ₹  [●]
    million
    Net Offer
    The Net Offer consists of:
       QIB portion[●] Equity Shares
    of which
    (i)  Anchor Investor PortionUpto [●] Equity Shares
    (ii)  Balance available for allocation to QIBs other than Anchor Investors  (assuming  Anchor  Investor  Portion  is  fully subscribed)[●] Equity Shares
     of which
    Available  for  allocation  to  Mutual  Funds  only  5%  of  the  QIB Portion (excluding the Anchor Investor Portion)[●] Equity Shares
    Balance of QIB Portion for all QIBs including Mutual Funds[●] Equity Shares
    B)  Non-Institutional PortionNot less than [●] Equity Shares
    C)  Retail PortionNot less than [●] Equity Shares
    Pre and post Offer Equity Shares
    Equity Shares outstanding prior to the Offer395,878,000 Equity Shares
    Equity Shares outstanding after the OfferX Equity Shares
    Utilisation of proceeds

    The details of the issue would be updated once the company finalizes on such details.


    Lodha Developers IPO Issue Object

    While the specific reason, if any, for 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

    Qualitative Factors
    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 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 driven by integrated real estate business model with in-house
    capabilities from land acquisition to completion; and
    7. Qualified and experienced management team.

    Quantitive Factors:

     


    Lodha Developers IPO – Basis of the Offer Price

    For any IPO, the offer price is generally decided on the basis of various parameters like the economic situation, the industry growth, industry prospectus, the fiscal position, the performance of peer listed companies and also the sentiments in market with respect to the company’s IPO. This is referred to as book building process and is undertaken by the company and the book running lead managers.

    The qualitative factors relevant to decide the issue price:

    • Pioneer in partnering with foreign brands
    • Portfolio of big brands
    • Detailed analysis and market research

    The quantitative factors relevant for the issue price are:

    • Earning per share
    • Price/earning ratio
    • Return on Net Worth
    • Net Asset Value – NAV per Equity Share
    • Comparison with listed industry peer

     

    Lodha Developers IPO Lead Managers

    Lead Managers
    GLOBAL CO-ORDINATORS AND BOOK RUNNING LEAD MANAGERS

    Kotak Mahindra Capital Company Limited

    CLSA India Private Limited

    JM Financial Limited

    Morgan Stanley India Company Private Limited

    BOOK RUNNING 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


    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

    Lodha Developers IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.7/107.7/107.8/107.3/107.7/10
    Sharekhan7.4/107.4/107.5/107.7/107.8/10
    Kotak Securities7.7/107.4/107.3/107.8/107.5/10
    ICICI Direct7.8/107.7/107.5/107.5/107.7/10
    IIFL7.5/107.8/107.3/107.7/107.5/10
    Edelweiss7.3/107.5/107.7/107.3/107.3/10
    Zerodha7.7/107.3/107.7/107.5/107.7/10
    5Paisa7.9/107.5/107.8/107.3/107.3/10
    Karvy7.7/107.3/107.5/107.5/107.7/10
    Motilal Oswal7.9/107.7/107.3/107.3/107.4/10

     


    Lodha Developers IPO Grey Market Premium

    Lodha Developers IPO grey market premium price is Rs X. The kostak rate for the IPO will also be out in market by then.


    Open Free* Demat A/C Now! Fill the details below

      Fill Your Details Here
      1. Open Demat Account

      Lodha Developers IPO News

      News 1 – Lodha group revives IPO plans; looks to raise Rs 3,000-6,000 crore

      News 2 – Download Prospectus


      Market Guide

      What is IPO?
      IPO Investment
      IPO Valuation
      Upcoming IPOs

      Featured Topics

      Featured Topics
      Best Discount Broker in India
      Best Full Service Broker in India
      Top Brokers in India
      Best Intraday Trading Brokers in India
      Best Demat Account
      Brokerage Calculator
      Sub Broker Franchise
      Top 10 Sub Broker Partner in India
      Broking Franchisee

       

      Get 90% Discount on Brokerage Now! Open Demat Account
      ×

      Share your details & Become Sub Broker Now!

        1. Become Sub Broker

        Offer valid for limited time.

        ×

        Share your details & Open Demat A/C Now!

          1. Open Demat Account

          Offer valid for limited time.

          ×

          Share your details & Get IPO Allotment Now!

            1. Invest in IPO

            Offer valid for limited time.

            ×

            Share your details & Invest in PMS Now!

              1. Invest in PMS / AIF / PCG

              Offer valid for limited time.