Macrotech Developers IPO is one of the leading automotive technology companies in India and is all set to make a debut in the stock market with an issue size of 2500 Cr.
Macrotech Developers IPO -Overview
| Macrotech Developers Limited IPO Issue Date | 7-9 April 2021 |
| Macrotech Developers Limited IPO Opening Date | 7 April 2021 |
| Macrotech Developers Limited IPO Face Value | INR 10 per share |
| Macrotech Developers Limited IPO Price | INR 486 per share |
| Macrotech Developers Limited IPO Lot Size | 30 Shares |
| Issue Size | 2500 Cr |
| Offer for sale | – |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 3.05 times |
| NII (HNI) Shares | 1.44 times |
| Company Promoters | Abhishek Mangal Prabhat Lodha, Rajendra Narpatmal Lodha, Sambhavnath Infrabuild and Sambhavnath Trust are the company promoters. |
Macrotech Developers IPO -Tentative Dates
| Macrotech Developers Limited IPO opening date | 7 April 2021 |
| Macrotech Developers Limited IPO closing date | 9 April 2021 |
| Basis of Allotment | 16 April 2021 |
| Initiation of Refunds | 19 April 2021 |
| The credit of Shares to Demat | 20 April 2021 |
| Macrotech Developers Limited IPO Listing Date | 22 April 2021 |
Macrotech Developers IPO – Industry Overview.
The real estate market in India has grown at a CAGR of approximately 10% from USD 50 billion in 2008 to USD 120 billion in 2017 and is expected to further grow at a CAGR of 17.7% to reach USD 1 trillion by 2030. The real estate market contributed approximately 6% to India’s GDP in 2017 and is likely to contribute approximately 13% to India’s GDP by 2025. Residential, commercial, and retail are the three key asset classes that have primarily contributed to the growth of the real estate market in India.
Macrotech Developers IPO – Company Overview
Macrotech Developers [Formerly known as Lodha Developers] Incorporated in 1995, is the largest real estate developer in India. The company is primarily engaged in affordable residential real estate developments and 2019, it entered the development of logistics and industrial parks and develop commercial real estate. 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 completed 91 projects comprising 77.22 million sq. ft. of developable area, with 59.13 million sq. ft. in the affordable housing segment.
Macrotech Developers IPO -Objectives
- To reduce aggregate outstanding borrowings of the company on consolidated basis.
- To acquire land or land development rights.
- To meet general corporate purposes.
Macrotech Developers IPO – Financial Statements
| Particulars | 31-Dec-20 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 4,05,946.16 | 4,06,925.56 | 4,98,639.40 |
| Total Revenue | 31,604.85 | 1,25,609.85 | 1,19,788.67 |
| Profit After Tax | 2,643.02 | 7,448.36 | 16,439.77 |
Macrotech Developers IPO – 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.
Macrotech Developers IPO- Weakness
- There are material outstanding legal proceedings involving the company, subsidiaries, associates, Directors, promoters and group companies.
- If the unsold inventory in the company’s projects is not sold in a timely manner its business might be adversely affected.
Company Contact Information
Macrotech Developers Limited
412, Floor -4, 17G, Vardhaman Chamber,
Cawasji Patel Road, Horniman Circle, Fort,
Mumbai – 400 001
Phone: +91 22 2302 4400
Email: investorrelations@lodhagroup.com
Website: https://www.lodhagroup.in/
Lodha Developers IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: macrotech.ipo@linkintime.co.in
Website: https://linkintime.co.in/
