Macrotech or Lodha Developers IPO Share Price, Dates, GMP Today, and more
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Macrotech or Lodha Developers IPO Share Price, Dates, GMP Today, and more
Macrotech Developers formerely known as Lodha Developers are here with their IPO. It is the 1st Biggest IPO of this Financial Year.
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Macrotech Developers will soon be releasing their Rs 2500 crore IPO on BSE and NSE. This is the 1st biggest IPO of FY 21-22 so expectations from investors are also high. Lodha Developers have a huge name in India in the real estate market. It is the largest residential real estate developer in India. Now, let's check its share price, important dates, and today's GMP with other details.
The share price of Macrotech Developers IPO is fixed at Rs 483-486 per equity share.
The Lodha Developers IPO will open for subcription on 7th April 2021 and close on 9th April 2021.
Today's(18:21 IST) Grey Market Premium or GMP of Macrotech Developers IPO is Rs 55.
The Lodha Developers IPO will be listing on 22nd April 2021 on BSE and NSE at 10 am.
You will get the Macrotech Developers IPO allotment notification on 16th April 2021 on Link Intime IPO Allotment Status. Refunds will be given on 19th April whereas shares will be credited to Demat account on 20th April.
The lot size of Lodha Developers IPO is 30 shares. You can apply for a maximum of 13 lots. The minimum investement amount required is Rs 14,580. It's face value is Rs 10 per equity share.
Lodha Developers, now, Macrotech Developers was started in 1995 as a real estate firm. It is currently into affordable residential real estate developments. In 2019, it started logistics, commercial estate, and industrial park estates. It currently has around 12 residential projects in Mumbai and Pune. Its sales network extends to GCC, UK, Singapore, and USA.
As of Dec'20, it has assets worth Rs 40594 crores, revenue worth Rs 3160 crores, and profit(after tax) of Rs 264 crores. Its profit dropped to this value from Rs 744 crores in Mar'20 and Rs 1643 crores in Mar'19. Thus, in the past 2 years it has gone down in terms of revenue and profit.
Canada's Brookfield Asset Management Inc, US's Wellington Management Co, Abu Dhabi Investment Authority, Ivanhoe Cambridge and HDFC Mutual Fund are probably going to be the anchor investors for this IPO. Although its current financial numbers are not good, given the strong anchor's list, you can subscribe to it and expect minor profits on listing and good future prospects for long term.
Disclaimer: We are not SEBI registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestion. Consult your financial advisor before making any decision.
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This is the 3rd time they are attempting IPO, moreover question is, why does a man with networth of 45k crore need IPO of 2500 cr?
GMP is also non existant
litigations / bjp connection / falling profit in recent years
low gmp as of now 6th april + high debt
They Never changed their name
Since 1990s, their name is Macrotech only, LODHA is the brand and not name of the company
It is like Paytm. Paytm is the brand but the company name is 99 Communication.
dont mix things
FYI. From Macrotech Developers Pvt Ltd in 1990s it had became Lodha Developers Pvt Ltd. Then Lodha Developers Ltd and now again it had became Macrotech Developers Ltd.
Disclaimer : I am not defending and have any interest in Lodha
We need to understand a few things, specially the vdo that you have posted.
This technology is called at Dry walls, and by no means this kind of consutruction is cheaper by the standard wall.
If anyone is there in mumbai, they can inspect Oberoi Esquire in Goregaon East, they also have the same walls.
This type of technlogy is used in Countries like US n EU, which are prone to extreme weather conditions and generally build homes of wood. These dry walls generally have insulation between two walls, to have insulation from exterior temperature.
But they made a big mistake, these kind of construction doesnt suit our indian living standard, where we use water more carelessly. These walls are highly risky when we use water, as they are made of gypsum, which sucks water very easily, which would cause seapage all along the house/
Now about it being chor and corrupt.
There is hardly any builder in mumbai, which gives you what they promise, specially in RERA carpet area and ammenities.
On the positive side, they do not make any delay in devlieries intenationally, and most of their projects are on time (+/- 10%)
Their biggest negative is : Asset liability mismatch
They have huge debt in their books, any major hurdle in real estate sales can make this company hang in dolldrums.
Their biggest positive is :
1. Strong brand presense in western india
2. Their promoters (MP LOdha), a BJP ally, would not get stuck in getting funding thru multiple sources
My Take : I would avoid this.
If you really want to invest in RE space, Oberoi, Sobha, Sunteck, prestige are better bets than this
I would Avoid this IPO
Go to YouTube. This company has tried so hard to get the videos deleted or suppressed.
Full chor & corrupted builder.
Not even worth Rs.10
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