Macrotech Developers Ltd IPO- April 7, 2021

Macrotech Developers Ltd IPO- April 7, 2021

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
Min Order Quantity
Listing At
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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