Macrotech Developers Limited [Lodha Developers] IPO Details

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Macrotech Developers Limited [Lodha Developers] – IPO [INITIAL PUBLIC OFFERING] Details


About the Macrotech Developers Limited

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Macrotech Developers Limited (“Company”) was incorporated as ‘Lodha Developers Private Limited’ on September 25, 1995 in the state of Maharashtra at Mumbai as a private limited company under the Companies Act, 1956, as amended. Thereafter, the Company was converted into a public limited company, the word ‘private’ was struck off from the name of the Company and consequently, a fresh certificate of incorporation consequent upon change of name dated August 10, 2009 was issued by the Registrar of Companies, Maharashtra situated at Mumbai (“RoC”) recording the change in the name of the Company to ‘Lodha Developers Limited’. Thereafter, our Company was converted into a private limited company, the word ‘private’ was incorporated in the name of the Company and consequently, a fresh certificate of incorporation consequent upon change of name dated January 11, 2013 was issued by the RoC recording the change in the name of the Company to ‘Lodha Developers Private Limited’. Subsequently, the Company was converted into a public limited company, the word ‘private’ was struck off from the name of the Company and consequently, a fresh certificate of incorporation dated March 14, 2018 was issued by the RoC consequent upon conversion recording the change of the name of the Company to ‘Lodha Developers Limited’. Subsequently, the name of our Company was changed to ‘Macrotech Developers Limited’ pursuant to a resolution passed by our Shareholders in an extraordinary general meeting held on May 14, 2019 and a fresh certificate of incorporation, dated May 24, 2019 was issued by the RoC.

LODHA | MACROTECH DEVELOPERS IPO Details

Registered office: 412, Floor – 4, 17G, Vardhaman Chamber, Cawasji Patel Road, Horniman Circle, Fort, Mumbai 400 001

Corporate office: Lodha Excelus, L 2, N M Joshi Marg, Mahalaxmi, Mumbai 400 011

Contact Person: Sanjyot Rangnekar, Company Secretary and Compliance Officer; Tel: +91 22 2302 4400; Fax: +91 22 2302 4550

E-mail: investorrelations@lodhagroup.com

Website: www.lodhagroup.in

Corporate Identity Number: U45200MH1995PLC093041

Source: RED HERRING PROSPECTUS


Promoters of Macrotech Developers Limited

ABHISHEK MANGAL PRABHAT LODHA, RAJENDRA NARPATMAL LODHA, SAMBHAVNATH INFRABUILD AND SAMBHAVNATH TRUST


Company Financials

Summary of Restated Consolidated Financial Information

For the year/period ended (₹ in Millions)

Particulars
 31-Dec-2031-Dec-1931-Mar-2031-Mar-1931-Mar-18
Total Revenue31,604.8593,573.461,25,609.851,19,788.671,37,265.69
Profit After Tax(2,643.02)5,030.827,448.3616,439.7717,893.90
Total Asset4,05,946.164,80,270.744,06,925.564,98,639.404,78,112.76


Macrotech Developers Limited – IPO Details

IPO Details

Issue Open Date07 Apr 2021
Issue Close Date9 Apr 2021
Issue TypeBook Built Issue
Face Value₹ 10.00 per equity share
IPO/Issue Price ₹ 483.00 – ₹ 486.00 per equity share
Market Lot30 Shares
Min Order Quantity30 Shares
Listing AtBSE, NSE
SymbolLODHA

IPO/ Issue Time Line [Tentative]

7 Apr 2021

Issue Open Date

Issue Close Date

9 Apr 2021
16 Apr 2021

Basis of Allotment Date

Initiation of Refunds

19 Apr 2021
20 Apr 2021

Credit of Shares to Demat Account

IPO Listing Date

22 Apr 2021

Objects of the Issue/Offer

The Net Proceeds from the Issue are proposed to be utilised in the following manner:

  1. Reduction of the aggregate outstanding borrowings of our Company on a consolidated basis;
  2. Acquisition of land or land development rights; and
  3. General corporate purposes


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