Macrotech Developers IPO: Here's How To Check Allotment Status
Macrotech Developers, founded by Mangal Prabhat Lodha in Mumbai, is primarily engaged in affordable residential real estate
Updated: April 14, 2021 2:02 pm IST
Macrotech Developers IPO: The shares are likely to be listed on the BSE and NSE on April 22, 2021
Macrotech Developers (formerly Lodha Developers) is likely to finalise its basis of allotment on Friday, April 16, 2021. The Rs 2,500-crore IPO, which was open between April 7 and April 9, received a lukewarm response from investors. The reserved portion for qualified institutional buyers (QIBs) was subscribed 3.05 times, non-institutional investors was subscribed 1.44 times and portion set aside for retail individual investors saw a subscription of 40 per cent. The shares are likely to be listed on the BSE and NSE on April 22, 2021.