Macrotech Developers IPO: Check Open/Close Date, IPO Price | Espresso


Macrotech Developers Limited IPO – Apr 7 to 9

April 02, 2021
Macrotech Developers Limited IPO – Apr 7 to 9

Macrotech Developers Limited is coming out with a fresh public issue to raise Rs 2,500 crores from the market.

Key details of the issue:

  • Issue opens – Apr 7 (Wednesday)
  • Issue closes – Apr 9 (Friday)
  • Issue size – Rs 2,500 crores
  • Price band – Rs 483 to 486 per equity share
  • Bid lot – 30 shares and in multiples thereof
  • Employee reservation – Shares aggregating up to Rs 30 crores

And here are some details of the company and further details on the Macrotech Developers Limited issue.

Company details:

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

In 2019, they forayed into the development of logistics and industrial parks and entered into a joint venture with ESR Mumbai 3 Pte. Limited, a subsidiary of ESR Cayman Limited, an Asia-Pacific focused logistics real estate platform (Source: Anarock Report). The company also develops commercial real estate, including as part of mixed-use developments in and around its core residential projects.

The Lodha Group has been involved in the real estate business since 1986. The company's large ongoing portfolio of affordable and mid-income housing projects include 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's premium and luxury housing projects include Lodha Park (Worli), Lodha World Towers (Lower Parel), Lodha Venezia (Parel) and New Cuffe Parade (Wadala). In addition, it has a few projects under the Lodha Luxury brand, which comprises small-scale, high-value developments such as Lodha Altamount (Altamount Road), Lodha Seamont (Walkeshwar) and Lodha Maison (Worli).

In the commercial portfolio, its office space projects comprise corporate offices, IT campuses and boutique office spaces, which are concentrated in suburban locations. Their retail projects focus on high street retail with shopping and entertainment options for the local community.

As of Dec 31, 2020, the company has 91 completed projects comprising approximately 77.22 million square feet of developable area, of which 59.13 million square feet is in affordable and mid-income housing, 12.15 million square feet is in premium and luxury housing, 5.21 million square feet is in office space and 0.74 million square feet is in retail space.

Issue size:

Rs 2,500 crores

Issue break-up:

  • QIB – 50% of the offer – Rs 1,235 crores
  • NIB – 15% of the offer – Rs 370.5 crores
  • RET – 35% of the offer – Rs 864.5 crores

Employee reservation:

Shares aggregating up to Rs 30 crores




Link Intime India Private Limited


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