Tuesday, March 30, 2021

Lodha Developers IPO Date, Review, Price, Form & Market Lot Details

Macrotech Developers Formerly known as Lodha Developers IPO to hit the market on 7 April 2021 and closes on 9 April 2021. It will be one of the biggest IPO after DLF which was the top in initial public offer in 2017. The second largest in term of the fund raise Lodha Developers IPO is coming soon. The company has a value around Rs.38000 crores as per market sources. The company is based in Mumbai incorporated in 1995. Lodha Developers are one of the well known real estate developers in India. They are developers of residential and commercial buildings. They already developed numbers of building and residential schemes. Lodha Developers price band is fixed at ₹483-486. The minimum lot size is 30 shares and the maximum lot size is 390 shares. The retail portion of the IPO is 35% while QIB is 50% and NII is 15%. Macrotech Developers IPO aka Lodha Developers IPO to list on NSE and BSE both the indices.

Lodha Developers Projects:

Here are some of the affordable and mid-income housing projects by Macrotech Developers aka Lodha Developers.
  • 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)
  • Casa Maxima (Mira Road)

Industry PE

  • Lodha Developer PE Ratio 26.33, Revenue ₹12,561 Crores, RoNW 17.80 %
  • Prestige Estate PE Ration 91.37, Revenue ₹8,243 Crores, RoNW 9.82 %
  • Sobha Ltd PE 41.18, Revenue ₹3,826 Crores, RoNW 11.59 %
  • Godrej Property PE 322.81, Revenue ₹2,915 Crores, RoNW 5.63 %
  • Brigade PE 66.38, Revenue ₹2,682 Crores, RoNW 4.66 %

Lodha Developers
 


    Lodha Developers IPO Review

    • Apply with Long Term Gain

    Brokerage Firm IPO Reviews

    • Axis Bank: None
    • Capital Market: Avoid
    • SMC Global: Neutral
    • Reliance Securities: Subscribe
    • Ajcon Global Services Ltd: Subscribe
    • Hem Securities: Subscribe for Long Term
    • ICICI Securities: None

    Lodha Developers IPO Date & Price Band

     IPO Open:  7 April 2021
     IPO Close:  9 April  2021
     IPO Size:  Approx ₹2500 Crore
     Face Value:  ₹10 Per Equity Share
     Price Band:  ₹483 to ₹486 Per Share
     Listing on:  BSE & NSE
     Retail Portion:  35%
     Equity:  51,440,328 Shares

    Lodha Developers IPO Market Lot

    The Lodha Developers IPO minimum market lot is 30 shares with ₹14,580 application amount. The retail investors can apply up-to 13 lots with 390 shares or ₹189,540 amount.
     
     Minimum Lot Size:  Minimum 30 Shares
     Minimum Amount:  ₹14,580
     Maximum Lot Size:  Maximum 390 Shares
     Maximum Amount:  ₹189,540

    Lodha Developers IPO Allotment & Listing

    The Lodha Developers IPO date is 7 April 2021 and the close date is 9 April 2021. The allotment will be finalized on 16 April 2021 and the IPO may list on 22 April 2021.
     
     Basis of Allotment:  16 April 2021
     Refunds:  19 April 2021
     Credit to Demat Account:  20 April 2021
     Listing Date:  22 April 2021

    Lodha Developers IPO Form

    How to apply the Lodha Developers IPO? You can apply Lodha Developers IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Lodha Developers IPO in the Invest section. The other option you can apply Lodha Developers IPO via IPO forms download via NSE and BSE. Check out the Lodha Developers forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

    Lodha Developers Company Financial Report

    As one of the biggest real-estate developers of India, The financial reports looks promising for last 4 years. The revenue decreasing from 2018 and PAT is also decreased as the same pattern. Still the company looks good with PAT of ₹1644 in 2019. If we ignore the 2020-2021 due to Covid-19 the results looks promising and it will be profitable in coming years.

      ₹ in Crore

    Revenue Expense PAT
    2018 ₹13727 ₹11017 ₹1789
    2019 ₹11989 ₹9490 ₹1644
    2020 ₹12561 ₹11560 ₹745
    2021 - 9M
    ₹3161 ₹3218
    ₹-264

    Company Promoters

    • Abhishek Mangal Prabhat Lodha
    • Rajendra Narpatmal Lodha
    • Sambhavnath Infrabuild
    • Sambhavnath Trust

    About Lodha Developers

    Whether it’s transforming the skyline of Mumbai with one of India's most iconic landmarks, crafting some of the most desirable residences in London, creating a world-class destination in the heart of Mumbai, or delivering India's No.1 smart city*, one name is transforming the way they live with landmarks of global standards: Lodha.

    Lodha is India's largest real estate developer by residential sales value for the financial years 2014 to 2020 and the second largest developer by area delivered*. The company has clocked sales of approximately INR 6,569 crores with gross collections of approximately INR 8,189 crores for FY 19-20 and has recorded a completed develop-able area of 15.65 Million sq ft.

    They believe real estate is more than just building the proverbial four walls, it's about "Building a Better Life". This is the ideology with which they at Lodha have delivered the world's finest developments that have become some of the most iconic addresses and the most desirable residences in India as well as in London.

    Their residential and commercial spaces are aimed at every segment, right from super luxury to budget, thereby enabling every aspiring consumer to fulfill their dream.


    Quick Links

    DRHP Draft Prospectus
    RHP Draft Prospectus

    Lodha Developers IPO Registrar

    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
    Note: Check Lodha Developers IPO allotment status on Linkintime website allotment URL. Click Here

    Lodha Developers IPO Lead Managers

    • Axis Capital Limited
    • BOB Capital Markets Limited
    • Edelweiss Financial Services Ltd
    • ICICI Securities Limited
    • IIFL Holdings Limited
    • J.P. Morgan India Private Limited
    • JM Financial Consultants Private Limited
    • Kotak Mahindra Capital Company Limited
    • SBI Capital Markets Limited
    • Yes Securities (India) Limited

    Company Address

    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/

    Lodha Developers IPO FAQs


    What is Lodha Developers IPO?

    Lodha Developers IPO is a main-board IPO. They are going to raise ₹2,500.00 Crores via IPO. The issue is priced at - to - per equity share. The IPO to be listed on BSE & NSE.

    When Lodha Developers IPO will open?

    The IPO is to open on 7 April 2021 for QIB, NII, and Retail Investors.

    What is Lodha Developers IPO Investors Portion?

    The investors' portion for QIB-50%, NII-15%, and Retail 35%.

    How to Apply the Lodha Developers IPO?

    You can apply Lodha Developers IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the Lodha Developers IPO through Zerodha?

    Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name "Lodha Developers". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

    What is Lodha Developers IPO Size?

    Lodha Developers IPO size is ₹2500 crores.

    What is Lodha Developers IPO Price Band?

    Lodha Developers IPO Price Band is ₹483 to ₹486.

    What is Lodha Developers IPO Minimum and Maximum Lot Size?

    The minimum bid is 39 Shares with ₹14580 amount while maximum bid is 390 shares with ₹189540.

    What is Lodha Developers IPO Allotment Date?

    Lodha Developers IPO allotment date is 16 April 2021.

    What is Lodha Developers IPO Listing Date?

    Lodha Developers IPO listing date is 22 April 2021. The IPO to list on BSE and NSE.

    Note: The Lodha Developers IPO price band and date will be added as it will be officially announced. The IPO grey market premium (Lodha Developers IPO GMP) will be added on the IPO grey market page as it will start)