Macrotech Developers (erstwhile Lodha Developers) is looking to raise ~₹2,500 crores through capital market listing.
| IPO Opens | IPO Closes | Price Band (₹/Sh) | Retail Application (₹) | Listing Date |
|---|---|---|---|---|
| 7-Apr-2021 | 9-Apr-2021 | 483 to 486 | 14,580 | 22-Apr-2021 |
Own brands include “Lodha”, “CASA by Lodha” and “Crown – Lodha Quality Homes” for affordable and mid-income housing projects, the “Lodha” and “Lodha Luxury” brands for premium and luxury housing projects, and the “iThink”, “Lodha Excelus” and “Lodha Supremus” brands for office spaces.
Promoters of Macrotech Developers are Abhishek Mangal Prabhat Lodha, Rajendra Narpatmal Lodha, Sambhavnath Infrabuild and Sambhavnath Trust.
About Industry
The real estate market in India has grown at a CAGR of approximately 10% from USD 50 billion in 2008 to USD 120 billion in 2017, and is expected to further grow at a CAGR of 17.7% to reach USD 1 trillion by 2030. The real estate market contributed approximately 6% to India’s GDP in 2017 and is likely to contribute approximately 13% to India’s GDP by 2025. Residential, commercial and retail are the three key asset classes that have primarily contributed to the growth of the real estate market in India. With a share of 24% of total supply (by units), 32% of total absorption (by units) and 46% of total absorption (by value) in the Top Seven Indian Markets, the MMR was the top performer in overall residential activity in 2020 (Source: Anarock Report).
Key Pointers
- One of India’s largest residential real estate developers with a leadership position in the attractive MMR market
- Well-established brand with ability to sell at premium pricing and throughout the construction phase
- Proven end-to-end execution capabilities with continuous innovation and ability to deliver projects at competitive cost
- Strong focus on sustainable development
- Highly diversified portfolio across price points and micro-markets in the MMR with a focus on affordable and mid-income housing
- Continue to build on leading market position and growth opportunity in India
- Significant inventory of completed, ready-to-move units
- Unique ability to develop townships and generate recurring operating cash flows from them
- Innovative marketing and sales strategies
- High quality management team
- Innovative marketing and sales strategies
Lodha Developers IPO Snapshot
| Issue Open | 7-Apr-2021 |
| Issue Close | 9-Apr-2021 |
| Face Value | ₹ 10/- |
| Price Band | ₹ 483 to ₹ 486 (Including premium of ₹ 473 to ₹ 476 per share) |
| Discount | ₹ NIL/Share |
| Bid Lot | 30 shares and in mutiples |
| Listing on | BSE and NSE |
| Mode of Payment | UPI / ASBA (Mandatory); Applications using third party UPI/ASBA Bank accounts are liable to rejected |
Lodha Developers Issue & Subscribed Details
| Particulars | Issued | Subscribed |
|---|---|---|
| Issue Size | ₹ 2,500 Crores (Upper Band) | ₹ - Crores |
| QIB Portion | ~75% | TBA times |
| NII Portion (Application for lot size of 15 & above) | ~15% | TBA times |
| Retail Portion (Applications for lot size between 1 & upto 15) | ~10% | TBA times |
| Employees Portion | Upto Rs 30 crores | TBA times |
| Total | 100% | TBA times |
Lodha Developers IPO Indicative Dates
| Issue Open | 7-Apr-2021 |
| Issue Close | 9-Apr-2021 |
| Anchor Investor Bidding | One working day prior to Issue opening date of 7-Apr-2021 (around 6-Apr-2021) |
| Announcement of Allotment | 16-Apr-2021 |
| Initiation of Refunds | 19-Apr-2021 |
| Credit of Shares | 20-Apr-2021 |
| Listing (Commencement of trading on Stock Exchanges) | 22-Apr-2021 |
Lead Managers of Lodha Developers IPO
List of Book Running and Lead/Co-Lead Manager/s
Registrar of Lodha Developers IPO
| Link Intime (India) Private Limited |
Valuation
Company is looking at the following valuation
| Issue Size | ₹ 2,500 Crores (Upper Band |
| Pre-Issue Promoter's Holding | 100% |
| Post Issue Promoter's Holding | ~88% |
| Pre-Issue Shares | ₹ 395.87 Crores |
| Post Issue Shares | TBA Crores |
| Post Issue Market Cap (based on Price band) | ₹ TBA to ₹ TBA Crores |
Check Allotment Status of Lodha Developers IPO
| Please check below or visit here to check allotment status of IPO |
Source: DRHP, RHP, Company, Company Website | Logo/Images published in the article may be copyright of respective companies.
Frequently Asked Questions (FAQ)
| Q. How to Apply for IPO ? A. IPO can be applied Online and Offline mode. Online: a) Via Net banking of Bank website b) Via Stock brokers portal Offline: a) Collect application forms from Brokers > Fill demat details & UPI > Submit to any broker across India. b) Download forms from NSE/BSE website > Fill demat details & UPI > Submit to any broker across India. |
| Q. How to register for BHIM UPI? UPI is made mandatory by SEBI to apply for IPO's. To educate investors National Payment Corporation of India (NPCI) has come out with the useful video. This video educates on how to download BHIM UPI app and its process to register. Source: NPCI |
| What is UPI based ASBA Process ? To educate people to apply for IPO's National Payment Corporation of India (NPCI) has come out with the useful video. This video educates consumers on how the IPO process works and how subscribing for IPOs via BHIM UPI helps reduce the time and effort one needs to take for the same. Source: NPCI |
| Q3? Ans Source: NPCI |
 IPO: One of the largest real estate developer set to hit capital markets; key details here){kind=link}
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