Macrotech Developers Listing Update: Key Highlights

Detailed Process with instructions to check your IPO allotment status
Macrotech Developers Listing

Macrotech Developers Listing Update

Macrotech Developers Limited, formerly Lodha Developers, are one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020. Their core business is residential real estate developments with a focus on affordable and mid-income housing. Currently, it has residential projects in the MMR and Pune.

Macrotech Developers IPO received a tepid response from the market across all categories – QIB, NII and RII. Macrotech Developers Limited raised a total of ₹2,500 crore from this issue, which is a complete book building issue by the promoter and selling shareholders. The issue was subscribed 1.36 times overall.

Macrotech Developers listed on the bourses on 19/04/2021

Macrotech Developers Listing Highlights

List Date PricesBSENSE
Exchange Codes543287LODHA
Issue Price₹486.00₹486.00
Open Price₹439.00₹436.00
Listing Gains (Open)9.67%10.23%
Close Price₹[ . ]₹[ . ]
Listing Gains (Close)[ . ][ . ]
Day’s High Price₹[ . ]₹[ . ]
Max Listing Gain[ . ][ . ]
Final values will be updated EOD

Macrotech Developers Listing: Key Dates

Date TypeDate
Allotment Finalization16/04/2021
Initiation of Refunds19/04/2021
Credit of Shares20/04/2021
Listing Date22/04/2021

Final Subscription Status

Investor CategoryQuotaSubscription
Institutional (QIB)50%3.05x
Non-Insti. (HNI)15%1.44x
Retail (RII)35%0.40x
Employees0.17x
Total Subscription100%1.36x

Other Key IPO Details

Financials

201820192020 Mar2020 Dec
Revenue from Ops₹ 13,527 Cr₹11,907 Cr₹12,443 Cr₹2,915 Cr
Profit before exep.*₹2,710 Cr₹2,489 Cr₹1,001 Cr₹(58.34) Cr
Net Profit1,789 Cr₹1,644 Cr₹745 Cr₹(264.3) Cr
EPS (Basic)45.1041.3318.46(6.83)
*Exceptional Items
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Issue Size and details

TypeValue
Issue Size₹2,500 Cr
Face Value₹10/- per Equity Share
IPO Price₹483 – ₹486
Lot Size30 shares
LotsMin 1 – Max 13

Day-Wise Subscription Status

DayDay 1Day 2Day 3
QIB0.58x0.65x3.05x
HNI0.11x0.19x1.44x
Retail0.15x0.25x0.40x
Employees0.04x0.10x0.17x
Total0.26x0.35x1.36x

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