Everything You Need to Know About Macrotech Developers IPO

Macrotech Developers is launching its IPO. The public offer comprises issuance of 5.1 crore equity shares aggregating upto Rs. 2500 crores. For more information, you can refer to the IPO Prospectus filed by the company.

About the company

Macrotech Developers, formerly known as Lodha Developers, is one of the largest real estate developers in India. Primary engaged in residential real estate development with a focus on affordable and mid-income housing. In 2019, they forayed into the development of logistics and industrial parks, the company is also engaged in development of commercial real estate.

As of December, the company has 91 completed projects comprising approximately 77.22 million square feet of developable area, of which 59.13 million square feet is in affordable and mid-income housing, 12.15 million square feet in premium and luxury housing, 5.21 million square feet in office space, and 0.74 million square feet in retail space. It has 36 ongoing projects comprising approximately 28.78 million square feet of developable area. Also, in the logistics and industrial park portfolio, the company has an ongoing and planned development of approximately 290 and 540 acres.

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2018 13,726.57 1,789.39 45.1
March 2019 11,978.87 1,643.98 41.33
March 2020 12,560.99 744.84 18.46
Nine months ended December 31, 2020 9,357.35 503.08 15.05
Nine months ended December 31, 2021 3,160.49 -264.30 -6.83

Indicative Timetable

Event Date
Issue Period 7th April 2021 - 9th April 2021
Price Range ₹ 483 - 486
Minimum Bid Quantity 30 and in multiples thereof
Finalisation of Allotment 16th April 2021
Initiation of Refunds 19th April 2021
Credit of Shares 20th April 2021
Listing Date 22nd April 2021
Mandate End Date 30th April 2021

How do I apply for the Macrotech Developers IPO?

You can apply for the Macrotech Developers IPO using any supported UPI app by following two steps:

  • Enter your bid on Console

  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

The grey market premium for this IPO is only Rs. 20 right now. There might not be huge listing gains for this one unless the general market does really well the next week or so.

1 Like

I have heard the name of Lodha developers a lot of times in tier 1 cities which means they really strong brand build in those cities.

But when it comes to the company don’t know is a good group or not because I have seen many fraud cases on youtube of Lodha Group.

And also grey market premium is very less for this so no huge listings gains are expected here.

1 Like