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Open
7 Apr 2021
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Close
9 Apr 2021
3
Allotment
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Listing
Mon, Apr 19, 2021
Price Band
₹483 to ₹486
Issue Size
5,14,40,328 shares (agg. up to ₹2,500 Cr)
Lot Size
30 Shares
Listing Date
Mon, Apr 19, 2021
Latest GMP
₹0
✦ AI Insight
GMP Trend
27-10-2025₹0Est. ₹—+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.14x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Atal Realtech Ltd. | SME | ₹10.83 Cr | ₹72 | null | ₹66.70 | -7.36% | ₹30.64 (+1.56%) |
| Veer Global Infraconstruction Ltd. | SME | ₹4.92 Cr | ₹28 | null | ₹29.50 | +5.36% | ₹142.30 (-1.04%) |
| Suratwwala Business Group Ltd. | SME | ₹6.90 Cr | ₹15 | 83 | ₹16.22 | +8.13% | ₹24.48 (-0.32%) |
Objects of the Issue
| # | 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 |
About Macrotech Developers IPO
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 ho
Contact Details
Macrotech Developers Ltd. Address412, Floor-4, 17G, Vardhaman ChamberCawasji Patel RoadHorniman Circle, FortMumbai, Maharashtra, 400001+91 22 2302 4400investorrelations@lodhagroup.comVisit Website