Macrotech Developers Limited [Lodha Developers] – IPO [INITIAL PUBLIC OFFERING] Details
About the Macrotech Developers Limited
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.
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-20 | 31-Dec-19 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Revenue | 31,604.85 | 93,573.46 | 1,25,609.85 | 1,19,788.67 | 1,37,265.69 |
| Profit After Tax | (2,643.02) | 5,030.82 | 7,448.36 | 16,439.77 | 17,893.90 |
| Total Asset | 4,05,946.16 | 4,80,270.74 | 4,06,925.56 | 4,98,639.40 | 4,78,112.76 |
Macrotech Developers Limited – IPO Details
IPO Details
| Issue Open Date | 07 Apr 2021 |
| Issue Close Date | 9 Apr 2021 |
| Issue Type | Book Built Issue |
| Face Value | ₹ 10.00 per equity share |
| IPO/Issue Price | ₹ 483.00 – ₹ 486.00 per equity share |
| Market Lot | 30 Shares |
| Min Order Quantity | 30 Shares |
| Listing At | BSE, NSE |
| Symbol | LODHA |
IPO/ Issue Time Line [Tentative]
Issue Open Date
Issue Close Date
Basis of Allotment Date
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date
Objects of the Issue/Offer
The Net Proceeds from the Issue are proposed to be utilised in the following manner:
- Reduction of the aggregate outstanding borrowings of our Company on a consolidated basis;
- Acquisition of land or land development rights; and
- General corporate purposes
Also read other articles @ EduTaxTuber
We are here to help for every updates related to everything…👍📙👍📗