Lodha’s Rs 2,500 crore IPO opens April 7
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Lodha’s Rs 2,500 crore IPO opens April 7
TNN / Updated: Apr 5, 2021, 08:48 IST
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(Representative image)
MUMBAI: Macrotech Developers (formerly Lodha Developers) is launching the second-largest real estate sector IPO in India on Wednesday through which the city-based company is targeting to raise Rs 2,500 crore. The IPO will be open between April 7 and 9, and the price band is set at Rs 483-486 per share.
At the upper end of the IPO price band, Macrotech will have a market capitalisation of about Rs 21,750 crore. DLF with a market cap of Rs 72,205 crore and Godrej Properties with Rs 38,679 crore are currently valued more than Macrotech’s estimated valuation.