Macrotech Developers IPO Live Subscription Status and Analyst Reviews

Live subscription status across each investor category and analyst recommendations
Macrotech-Developers-IPO-Subscription

Macrotech Developers IPO Subscription Status: FINAL

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.

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

Macrotech Developers IPO Subscription: End of Day Update

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

Macrotech Developers IPO Subscription: Analyst Recommendations

ANGEL BROKING – SUBSCRIBE

“We expect the sector to do well in coming years and top players to gain market share from these levels. We have a positive outlook for this IPO,”

UNLISTED ARENA – AVOID / CAUTION

“In my opinion, there are better options available in this space with a sound balance sheet which may offer comfortable risk-reward to venture into real estate themes which seems to be bottoming out. Owing to big issue size, heavy debt and increase in covid cases, the IPO may lack fancy of investors,”

JST INVESTMENTS – AVOID

“The issue is priced at 26.3x P/E and 5.0x P/B (FY20 EPS). As of December 31, 2020, the debt to equity ratio was 3.87x which was extremely high. Taking into account all of this, we feel that one should look at other listed players that are available with minimal debt,” 

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Macrotech Developers IPO Subscription: Key IPO Details

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
As of March 2020EPS (Weighted)P/E (Floor)P/E (Cap)
Based on basic EPS30.5215.8315.92

Macrotech Developers IPO: Comparison with listed industry peers

CompanyP/E (Cap)
Macrotech Dev15.92
Sector Highest131.10*
Sector Lowest15.46*
Sector Average42.14*
*As per RHP

Macrotech Developers IPO Subscription – FAQs

1. How to apply for Macrotech Developers IPO in Retail Category?

A: An investor in retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Macrotech Developers IPO in HNI Category?

A: An investor can apply in HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospects (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP and DRHP

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