Macrotech Developers Ltd IPO opens today with Rs 2,500 crore through fresh issuance of shares.
Why it is named as Macrotech Developers Ltd IPO ?
The company had a merger of its existing company, Macrotech Developers, in 2019. At that point of time, as per the board’s decision, it was chosen to retain the name of that merged entity.
About the company-
Macrotech Developers (Lodha developers) is one of the largest real estate developer in India. The company is focused on affordable and mi-income housing projects, it entered into the development of logistics and industrial parks and also develop commercial real estate. The company has strong focus on de-risking projects and improving return on investments with fast turn around time from acquisition to launch to completion. It has 91 completed projects comprising approximately 77.22 mn sq. ft. of Developable Area, has 36 ongoing projects comprising approximately 28.78 mn sq. ft. of Developable Area and has 18 planned projects comprising approximately 45.08 mn sq. ft. of Developable Area across different segments like affordable and mid-income housing, premium and luxury housing, office space and retail space.
Points to note before investing in Macrotech Developers Ltd IPO
One of largest residential real estate developers
Leardership position in the attractive MMR market
Well-established brand
Unique ability to develop townships and generate annuity-like cash flows from them
Highly diversified portfolio across price points and micro-markets in the MMR with a focus on affordable and mid-income housing
Macrotech Developers Ltd IPO Details
IPO Opening Date | April 7, 2021 |
IPO Closing Date | April 9, 2021 |
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 |
Listing At | BSE, NSE |
Allotment , Listing and Refunds details
IPO Open Date | April 7, 2021 |
IPO Close Date | April 9, 2021 |
Basis of Allotment Date | April 16, 2021 |
Initiation of Refunds | April 19, 2021 |
Credit of Shares to Demat Account | April 20, 2021 |
IPO Listing Date | April 22, 2021 |
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