The Lodha IPO date has been confirmed from April 7, 2021 and ended on April 9, 2021. Read the post to learn about Lodha IPO GMP.
Lodha IPO is a fixed price issue of Rs 2,500.00 crores. The price band is set at ₹483 to ₹486 per share. The Lodha IPO GMP Today is ₹1,097.10 The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹14,580.
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Key Details Of Lodha Developers IPO:
Bidding Dates
April 7-9
Price Range
₹483 to ₹486 per share
Face Value
₹10 per share
GMP
₹1,097.10
Lodha Developers IPO GMP
The Lodha Developers IPO GMP Today is ₹1,097.10.
Lodha Developers IPO Overview
The IPO for Lodha Developers is a Rs 2,500.00 crore book-built issue. On April 7, 2021, the Lodha Developers IPO bidding opened and concluded on April 9, 2021. On Friday, April 16, 2021, the allotment for the Lodha Developers IPO was finalised. On April 19, 2021, the shares were listed on the BSE and NSE. The pricing range for Lodha Developers’ IPO is ₹483 to ₹486 per share. An application must have a minimum lot size of thirty shares. Retail investors are required to invest a minimum of ₹14,580.
Competitive Strengths
- Largest residential real estate developer in India.
- Strong sales distribution network across India as well as NRI markets i.e. GCC, UK, Singapore, and US.
- Brand equity and premium pricing.
- Strong project execution capabilities.
- Experienced management team.
Lodha Developers IPO Details
IPO Date | April 7, 2021 to April 9, 2021 |
Listing Date | April 19, 2021 |
Face Value | ₹10 per share |
Price Band | ₹483 to ₹486 per share |
Lot Size | 30 Shares |
Total Issue Size | 51,440,328 shares (aggregating up to ₹2,500.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Lodha Developers Company Financials
Particulars | For the year/period ended (₹ in millions) | ||||
---|---|---|---|---|---|
31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
Total Assets | 4,05,946.16 | 4,06,925.56 | 4,98,639.40 | 4,78,112.76 | |
Total Revenue | 31,604.85 | 1,25,609.85 | 1,19,788.67 | 1,37,265.69 | |
Profit After Tax | (2,643.02) | 7,448.36 | 16,439.77 | 17,893.90 |
Lodha Developers IPO Timeline
IPO Open Date | Wednesday, April 7, 2021 |
IPO Close Date | Friday, April 9, 2021 |
Basis of Allotment | Friday, April 16, 2021 |
Initiation of Refunds | Monday, April 19, 2021 |
Credit of Shares to Demat | Tuesday, April 20, 2021 |
Listing Date | Monday, April 19, 2021 |
Cut-off time for UPI mandate confirmation | 5 PM on April 9, 2021 |
Company Profile
The biggest developer of real estate in India is Macrotech Developers, formerly Lodha Developers, which was incorporated in 1995. The company’s primary business is developing reasonably priced residential real estate. However, in 2019, it has started developing industrial parks, logistics facilities, and commercial real estate. Some of its affordable and mid-income housing projects are 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). The company makes the most money from this division; in the 2020 fiscal year, it brought in 57.77% of total revenue. It has plans to build an industrial park on more than 800 acres of land close to Palava as part of the logistics and industrial park portfolio. Nonetheless, projects like corporate offices, IT campuses, and boutique office spaces are part of the commercial real estate portfolio. As of December 31, 2020, the company had successfully finished 91 projects totaling 77.22 million square feet of developable land, of which 59.13 million were for affordable housing.
Registrar Info
Name | Link Intime India Private Ltd |
Phone number | +91-22-4918 6270 |
Email ID | [email protected] |
Website | linkintime.co.in |
Contact Details
Name | Macrotech Developers Limited |
Phone number | +91 22 2302 4400 |
Email ID | [email protected] |
Website | lodhagroup.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Lodha Developers IPO FAQs
When Lodha Developers IPO will open?
The Lodha Developers IPO opens on April 7, 2021 and closes on April 9, 2021.
What is the lot size of Lodha Developers IPO?
Lodha Developers IPO lot size is 30 Shares, and the minimum amount required is ₹14,580.
When is Lodha Developers IPO allotment?
The finalization of Basis of Allotment for Lodha Developers IPO will be done on Friday, April 16, 2021, and the allotted shares will be credited to your demat account by Tuesday, April 20, 2021
When is Lodha Developers IPO listing date?
The Lodha Developers IPO listing date is on April 19, 2021.
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