Macrotech or Lodha Developers IPO – Review, Dates, Allotment, Lot Size, Subscription & Expert Analysis

Lodha developers IPO launch by Loadha group and they are India’s one of the biggest real estate developers. Lodha group also know as Macrotech Developers. Macrotech developers ltd was incorporated as Lodha Developers Pvt Ltd on September 25,1995. Company works in industry like real estate & construction. Lodha Group founded by Mr. Mangal Prabhat Lodha. Lodha Developers construct a residential & commercial properties in India’s as well as foreign major cities like Mumbai, Pune, Thane, Hyderabad & London.

At present Mr.Abhshek Lodha is CEO & MD of company. Company has active presence in Dubai, United Kingdom, Singalore & United State. Former President of USA Shri. Donald Trump has a lot in common with Lodha. An 800 feet high building is being constructed in Mumbai through a partnership between the two.

Lodha group shows ₹.35000 Cr sales in FY 18-20. 7.7 crore sq. ft. already delivered & Near about 7.4 Cr sq.st area under construction.

Key Points

  • India’s No 1 Real Estate Developers company.
  • More than 15+ award winners in real estate sectors.
  • LODHA Group collaborates with worlds largest professionals and leading suppliers like Armani, Lera, Phillippe Starck Etc.
  • At present 36 ongoing projects & 18 Planned projects
  • Good Reputation
  • Profit Making Company.

Lodha Developers IPO Details

IssueDetails
NameMacrotech / Lodha Developers IPO
Issue Opens07-APR-2021
Issue Closes09-APR-2021
IPO TypeBook Built Issue IPO
ExchangeBSE, NSE
Face Value₹10 per equity share
Issue Size (crore)Total 51,440,328 Eq Shares
(aggregating up to ₹2,500.00 Cr)
Fresh IssueNIL
Price Band₹483 to ₹486 per equity share
No. of shares on offer (crore)51,440,328 Eq Shares
QIB (%)Up to 50%
Non-Institutional (NII)UP to 15%
Retail (%)Up to 35%
Minimum Lot Size30 shares (1 Lots)
₹14,580 for 1 lot
Maximum Lot Size390 shares (13 Lots)
₹189,540 for 13 lots
Minimum Order Quantity30 shares
Employee ReservationUp to [●] Eq. Shares
(aggregating upto ₹ 300 million)

Lodha Developers IPO Issue Size

Issue 51,440,328 Eq Shares of ₹10
Fresh IssueNIL
Offer for Sale51,440,328 Eq Shares

Lodha Developers IPO Share Allocation Category Wise

  • Qualified Institutional Buyer (QIBs): 50%
  • Retail Individual Investors: 35%
  • Non-Institutional Investors: 15%

Shareholding Pattern Pre & post Issue (%)

Shareholder NamePre-Issue Stake%Post-Issue Stake%
Promoter
(Government of India)
100%

Objectives of Lodha Developers IPO

  • The first objective is to raise fund for business expansion.
  • Repayment of debts & Corporate expenses
  • 51,440,328 equity shares have been offered for sale.
  • Listing Benefits

Services Offered by Lodha Developers

  • Residential Properties
  • Commercial Properties

Lodha Group Financial Details (INR in Crore,)

ParticularsFY2018FY2019FY2020FY2021
Revenue13,726.611,979.912,5613,160.5
Expenditure11,0179,49011,560.23,218.8
Profit/Loss1,767.91,641.6732.5-259.3
Net Margin12.913.75.8-8.2

Lodha Developers Company Contact Information

Contact DetailsRegistrar
Macrotech Developers Limited
Lodha Excelus, L 2,
N M Joshi Marg, Mahalaxmi,
Mumbai 400011
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg
Vikhroli (West), Mumbai – 400 083
Phone: +91 22 2302 4400Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email:
investorrelations@lodhagroup.com
Email:
macrotech.ipo@linkintime.co.in
Website
lodhagroup.in
Website
linkintime.co.in

Lodha Developers IPO Allotment Status

  • IPO Opening Date: 07 Apr 2021
  • IPO Closing Date: 09 Apr 2021
  • Final Allotment: 16 Apr 2021
  • Refunds: 19 Apr 2021
  • Transfer of shares to Demat accounts: 20 Apr 2021
  • listing Date: 22 Apr 2021

Listing Day Lodha Developers Performance.

NSEBSE
Listing Date22 Apr 202122 Apr 2021
IPO Price₹ [●]₹ [●]
Open₹ [●]₹ [●]
High₹ [●]₹ [●]
low₹ [●]₹ [●]
Close₹ [●]₹ [●]
Volume
Listing Day P/L

Expert Reviews.

Expert NameSuggestion
ICICI DirectNone
Axis CapitalNone
Ajcon Global ServicesSubscribe
Dilip DavdaApply at your own risk
Capital MarketAvoid
Angel BrokingNeutral
Arun KejriwalSubscribe
Choice BrokingSubscribe for long term
Elite WealthSubscribe
Hem SecuritiesSubscribe for long term

Subscription Details

CategoryShares OfferedDAY 1
07-Apr-21
DAY 2
08-Apr-21
DAY 3
09-Apr-21
QIB10,227,7420.58x0.65x0.65x
NII7,670,8080.11x0.19x0.19x
Retail17,898,5510.15x0.25x0.25x
Employee621,1180.04x0.10x0.10x
Total36,418,2190.26x0.28x0.28x

Lodha Developers IPO Lead Managers

Lead Manager’s
YES Securities (India) Limited
J.P.Morgans
Kotak Investment Banking
Axis Capital Limited
Edelweiss Financial Services Limited
JM Financial Limited
ICICI Securities
IIFL Securities

Company Promoters and Boards of Directors

Promoters of Company

  • Mangal prabhat lodha,
  • Abhishek mangal prabhat lodha
  • Rajendra Narpatmal Lodha
  • Sambhavnath Infrabuild
  • Sambhavnath Trust

Key people

  • Sushil kumar m: Chief financial officer
  • Shaishav d: Ceo – townships & rental assets
  • Prateek b: President – mid income & affordable housing
  • Deepak c: Executive vice president – design
  • Gopal m: President – legal
  • Janhavi s: President – human resources
  • Prashant b: Chief sales officer
  • Sanjyot r: Company secretary and compliance officer
  • Rajesh s: President – consumer experience
  • Raunika m: President – Marketing and Corporate Communications

Lodha Developers IPO Grey Market Updates

  • Grey Market Premium price: ₹ 20 – ₹ 25
  • Kostak rate: ₹ [●]
  • Sauda: ₹ [●]

Lodha Developers IPO Ratings & Reviews

BenchmarksRatings
Business Model4.5/5
Industry Analysis4.5/5
Competitive Advantage4/5
Management4.5/5
Corporate Governance4/5
Company Reports4.5/5
Evaluate Balance Sheets4/5
Financial Performance4.5/5
Quality Of Earnings4.8/5
Top Broker Reviews4/5
Overall4.5/5

Lodha Developers Competitive Peers

CompanyEmployeeRevenue
Ahria Town25,000$10 Billion
Kolte Patil Developers606$126 Million
Unitech867$196 Million
PRO-FRIENDS910$102 Million
Godrej Properties1,424$265 Million
Ashiana Housing619$50 Million
SOBHA3,555$452 Million
Conifer Realty650$512 Million

FAQs for Lodha Developers IPO

1.What is Lodha Developers IPO?

Ans: This IPO offer by Macrotech devlopers Limited. Company planning to expand capital by listing on BSE, NSE.

2.How do I apply for the Lodha Developers IPO?

Ans: Anyone having demat account are eligible for application. There are two method available for application.
ASBA Payment Method: The net-banking facility available for online IPO application.
UPI Payment Method: By using UPI payment method for application process.

3.What is the Lodha Developers IPO issue date?

Ans: Lodha Developers IPO issue period is from 07-Apr-2021 to 09-Apr-2021

4.What is the Lodha Developers IPO allotment date?

Ans: Allotment date is 16-April-2021 and share will transfer to your demat account on 20-April-2021

5.What if Lodha Developers IPO Shares not allotted to me?

Ans: Suppose by Macrotech developers shares not allotted to you than refund will be credited to your linked bank account.

6.How to Apply Lodha Developers IPO through Zerodha?

Ans: Zerodha customers can apply for Yes Bank through UPI’s payment gateway by Zerodha Console.
Pls follow Below steps.
login to console.zerodha.com
Portfolio<<IPOs
Get the list of current listed IPOs.
You can apply for an IPO online.

7.What is the Lodha Developers IPO Listing date?

Ans: Listing date for this IPO is 22-April-2021

8.Is there any other Lodha Developers IPO Listing later this year?

Ans: There is no such information available regarding the further listing of Lodha Developers IPO.

9.What about Employee Reservation Portion?

Ans: Up to [●] Equity Shares, aggregating up to Rs 300 million

10.What is the Lot Size of Lodha Developers IPO?

Ans: Minimum 30 shares (1 lot) is available. One share price is ₹ 486 so 1 lot of 30 shares will be ₹14,580

11.What is the face value of Lodha Developers IPO?

Ans: Face value is ₹ 10 Per Equity Share.

12.What Lodha Developers IPO symbols in NSE & BSE?

Ans: NSE: [●], BSE: [●]

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Lodha Developers IPO Logo

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