Macrotech Developers Limited (Lodha Developers)

Macrotech Developers Limited IPO Review

The organization is the biggest land designer in India, by private deals an incentive for FY2014 to 2020. Its center business is private land advancements with an emphasis on moderate and mid-pay lodging. As of now, the organization has private undertakings in the MMR and Pune. In 2019, it forayed into the advancement of coordinations and mechanical stops and went into a joint endeavor with ESR Mumbai 3 Pte Limited. The organization likewise creates business land, including as a feature of blended use improvements in and around its center private tasks. 

Macrotech’s reasonable and mid-pay lodging improvements represented 57.8% and 57.8% of its absolute private deals, during the nine months finished 31 December 2020 and the FY2020, separately. Starting at 31 December 2020, the organization has 91 finished activities including around 77.2 million square feet of Developable Area. It additionally has 36 continuous undertakings including roughly 28.8 million square feet of Developable Area, of which 23.57 million square feet is in moderate and mid-pay lodging. 

Notwithstanding the progressing and arranged activities, starting at 31 December 2020, the organization has land stores of around 3,803 sections of land for future advancement in the MMR, with the possibility to foster roughly 322 million square feet of Develop able Area.

Subscription Dates

7 – 9 April 2021 

Price Band

INR483 – 486 per share 

Fresh issue

INR2,500 crore

Offer For Sale

Nil

Total IPO size

INR2,500 crore

Minimum bid (lot size)

30 shares

Face Value 

INR10 per share

Retail Allocation

35%

Listing On

NSE, BSE

 

FY2018

FY2019

FY2020

9M FY2021

 

Revenue

13,726.6

11,979.9

12,561.0

3,160.5

Expenses

11,017.0

9,490.0

11,560.2

3,218.8

Comprehensive income

1,767.9

1,641.6

732.5

-259.3

Margin (%)

12.9

13.7

5.8

-8.2

 

Earnings Per Share (EPS): INR18.46

 Price/Earnings (PE ratio): 26.16 – 26.32

Return on Net Worth (RONW): 17.8% 

Net Asset Value (NAV): INR103.86 per share

 

DateNuvoco Vistas IPO GMPKostakSubject to Sauda
19 August 2021
18 August 2021INR5
17 August 2021INR7
16 August 2021INR10
14 August 2021INR7

Listing Performance of Macrotech Developers Limited IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain

Macrotech Developers Limited

Apr 19, 2021

486

463.15

-4.7%



NSE : LODHA 

BSE : 543287

ISIN CODE : INE670K01029

Ajcon Global – Subscribe

Angel Broking – Neutral

Arun Kejriwal – Subscribe

BP Wealth – Avoid

Choice Broking – Subscribe for long term

Elite Wealth – Subscribe

ICICIdirect – Not rated

Reliance Securities – Subscribe

SMC Global – 2/5

Ventura Securities – Not rated

IPO Opening Date: 7 April 2021

IPO Closing Date: 9 April 2021

Finalisation of Basis of Allotment: 16 April 2021

Initiation of refunds: 17 April 2021

Transfer of shares to demat accounts: 19 April 2021

Listing Date: 19 April 2021

Opening Price on NSE: INR436 per share (down 10.29% from IPO price)

Closing Price on NSE: INR465.25 per share (down 4.27% from IPO price)

Macrotech Developers Limited

Lodha Excelus, L 2,

N M Joshi Marg, Mahalaxmi,

Mumbai 400 011

Phone: +91 22 2302 4400

Email: investorrelations@lodhagroup.com

Website: www.lodhagroup.in

 

Link Intime India Private Limited

C-101, 1st Floor, 247 Park

Lal Bahadur Shastri Marg

Vikhroli (West), Mumbai – 400 083

Phone: +91 22 4918 6200

Fax: +91 22 4918 6195

Email: macrotech.ipo@linkintime.co.in

Website: http://www.linkintime.co.in

Category

Shares offered

Subscription (no. of times, at 5 PM)

Day 1

Day 2

Day 3

QIB

1,02,27,742

0.58

0.65

3.05

NII

76,70,808

0.11

0.19

1.44

Retail

1,78,98,551

0.15

0.25

0.40

Employee

6,21,118

0.04

0.10

0.17

Total

3,64,18,219

0.26

0.35

1.36

Macrotech Developers Limited IPO FAQ's

Lodha Developers IPO is a main-board IPO of 51,440,328 equity shares of the face value of ₹10 aggregating up to ₹2,500.00 Crores. The issue is priced at ₹483 to ₹486 per equity share. The minimum order quantity is 30 Shares.The initial public offering (IPO) Apr 7, 2021, and closes on Apr 9, 2021.The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.

The Lodha Developers IPO opens on Apr 7, 2021 and closes on Apr 9, 2021.



Lodha Developers IPO lot size is 30 Shares and the minimum order quantity is 30 Shares.



Lodha Developers IPO  can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

The Basis of Allotment for Lodha Developers IPO will be done on Apr 16, 2021, and the allotted shares will be credited to your demat account by Apr 20, 2021. Check the Lodha Developers IPO allotment status.




The Lodha Developers IPO listing date is on Monday, April 19, 2021.

Macrotech Developers Limited IPO Comments