Macrotech Developers [Formerly known as Lodha Developers] Incorporated in 1995, is the largest real estate developer in India. The company is primarily engaged in affordable residential real estate developments and in 2019, Company 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. Company generates maximum revenue from this segment as in the 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 on 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.
Competitive Strengths
Largest residential real estate developer in India.
Strong sales distribution network across India as well as NRI markets.
Brand equity and premium pricing.
Strong project execution capabilities.
Experienced management team.
Lodha Developers IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | Apr 7, 2021 |
| IPO Close Date | Apr 9, 2021 |
| Basis of Allotment Date | Apr 16, 2021 |
| IPO Listing Date | Apr 22, 2021 |
Lodha Developers IPO Details
| 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 |
| NSE Symbol | |
| BSE Symbol | |
| ISIN Code | |
| Listing At | BSE, NSE |
| Issue Size | Aggregating up to ₹2,500.00 Cr |
Lodha Developers IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 30 | ₹14,580 |
| Maximum | 13 | 390 | ₹189,540 |
IPO Allotment Status
Click Here To Check IPO Allotment Status Macrotech Developers Limited
Company Financials:
| PARICULAR | 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 Promoters:
Abhishek Mangal Prabhat Lodha, Rajendra Narpatmal Lodha, Sambhavnath Infrabuild and Sambhavnath Trust are the company promoters.
Objects of the Issue:
The IPO aims to raise money for the following purposes.
Reduce aggregate outstanding borrowings of the company on consolidated basis.
Acquire land or land development rights.
Meet general corporate purposes.
Registrar & Company Details
| Company Contact Information | Lodha Developers IPO Registrar |
| 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/ | Link Intime India Private Ltd Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: macrotech.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
