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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹2500.00 Cr |
| Fresh Issue | ₹2500.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹483.00-486.00 per share |
| Discount | Retail: 0.00,Employee: 0.00 |
| BSE Code | 543287 |
| NSE Code | LODHA |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Kotak Mahindra Capital Co.Ltd. |
| Allotment Status |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 30 shares and in multiples thereof
Incorporated in 1995, Macrotech Developers [Formerly known as Lodha Developers] is the largest real estate developer in India. The company is primarily engaged in affordable residential real estate developments and in 2019, it 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
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Reduction of the aggregate outstanding borrowings of our Company on a consolidated basis | 1,500.00 |
| 2 | Acquisition of land or land development rights | 375.00 |
| 3 | General corporate purposes | 532.77 |
| Period Ended | 31 Dec 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 40,594.62 | 40,692.56 | 49,863.94 | 47,811.28 |
| Total Income | 3,160.49 | 12,560.99 | 11,978.87 | 13,726.57 |
| Profit After Tax | -264.30 | 744.84 | 1,643.98 | 1,789.39 |
| EBITDA | 563.58 | 1,920.27 | 3,167.03 | 3,289.66 |
| NET Worth | 3,841.11 | 4,111.54 | 3,390.29 | 1,765.41 |
| Reserves and Surplus | 4,416.27 | 4,675.60 | 3,979.91 | 1,859.05 |
| Total Borrowing | 18,662.19 | 18,423.16 | 25,640.56 | 22,616.11 |
| Amount in ₹ Crore | ||||
