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Macrotech Developers Limited IPO – LODHA IPO Details

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Macrotech Developers IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

Macrotech Developers IPO

About Macrotech Developers

Macrotech Developers Limited is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020. The core business is residential real estate developments with a focus on affordable and mid-income housing.

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Currently, the company has residential projects in the MMR and Pune. In 2019, they forayed into the development of logistics and industrial parks and entered into a joint venture with ESR Mumbai 3 Pte. Limited (“ESR”), a subsidiary of ESR Cayman
Limited, an Asia Pacific focused logistics real estate platform. The company also develop commercial real estate, including as part of mixed-use developments in and around our core residential projects

Important Details – Macrotech Developers

DateDetails
September 25, 1995Macrotech Developers Limited was incorporated as ‘Lodha Developers Private Limited’ in the state of Maharashtra at Mumbai as a private limited company
August 10, 2009The company was converted into a public limited company, the change in the name of the Company to ‘Lodha Developers Limited’.
January 11, 2013The Company was converted into a private limited company and name of the Company changed to ‘Lodha Developers Private Limited’.
March 14, 2018The Company was converted into a public limited company and name of the Company changed to ‘Lodha Developers Limited’.
May 14, 2019The name of the Company was changed to ‘Macrotech Developers Limited’

Macrotech Developers – LODHA IPO Price – Details

DescriptionDetails
Public IssueInitial Public offer of Equity Shares aggregating upto Rs. 25,000 million
Issue Period  07-Apr-2021 to 09-Apr-2021
Issue Type100% Book Building
IPO Price Band₹ 483 – ₹ 486
Face Value ₹ 10
Market Lot 30 Equity Shares and in multiples thereof
Minimum Order Quantity 30 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolLODHA
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Objects of the Issue

  1. Reduction of the aggregate outstanding borrowings of our Company on a consolidated basis;
  2. Acquisition of land or land development rights; and
  3. General corporate purposes.

Macrotech Developers IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum13014580
Maximum13390189540

Macrotech Developers IPO Lead Managers

  1. Axis Capital Limited
  2. J.P. Morgan India Private Limited
  3. Kotak Mahindra Capital Company Limited
  4. ICICI Securities Limited
  5. Edelweiss Financial Services Ltd
  6. IIFL Securities Limited
  7. JM Financial Consultants Private Limited
  8. Yes Securities (India) Limited
  9. SBI Capital Markets Limited
  10. BOB Capital Markets Limited

Macrotech Developers Registrar

  1. Link Intime India Private Ltd

Macrotech Developers IPO DRHP & RHP

Macrotech Developers IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on07-Apr-21
Bid / Offer Closes on09-Apr-21
Finalisation of Basis of Allotment16-Apr-21
Initiation of refunds 19-Apr-21
Credit of the Equity Shares20-Apr-21
Commencement of trading – Listing22-Apr-21

Macrotech Developers IPO – FAQS

When Macrotech Developers IPO will open ?

The Macrotech Developers IPO opens on Apr 07, 2021 and closes on Apr 09, 2021

What is the lot size of Macrotech Developers IPO ?

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

What is the price band for Macrotech Developers IPO ?

The Macrotech Developers IPO price band at Rs 483 to Rs. 486

Who is the Registrar for Macrotech Developers IPO ?

The Registrar is Link Intime India Private Ltd

How to apply in Macrotech Developers IPO through UPI?

Check the step by step process here – Click here

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