Page 8 - Lodha Developers News Today

3 Min Read BENGALURU (Reuters) - Indian real estate company Macrotech Developers Ltd’s initial public offering (IPO) was oversubscribed 1.36 times on the final day, as its weak sales, substantial debt and a resurgence of COVID-19 cases weighed on investor interest. Macrotech, formerly known as Lodha Developers, is among the major players in the Indian real estate industry. Most of its residential projects are concentrated in the country’s financial capital of Mumbai, which regularly feature...

Shriram Properties files draft papers with Sebi to launch Rs 800 crore IPO PTI New Delhi | Updated on April 10, 2021 × Shriram Properties proposes to utilise the net proceeds from the fresh issue towards repayment and/ or pre-payment of debt and general corporate purposes. Bengaluru-based Shriram Properties has filed a draft document with market regulator Sebi to raise up to Rs 800 crore through an initial public offer (IPO). According to sources, Shriram Properties filed the draft red herri...

Shriram Properties files draft papers for Rs 800 crore IPO Shriram Properties has proposed partial exits to its four existing investors -- TPG Capital, Tata Capital, Walton Street Capital, and Starwood Capital, which hold around 58 per cent stake in the company PTI | April 10, 2021 | Updated 22:54 IST Bengaluru-based Shriram Properties has filed a Draft Red Herring Prospectus (DRHP) with the market regulator to raise up to Rs 800 crore through an Initial Public Offer (IPO). Out of the total I...

According to sources, Shriram Properties filed the draft red herring prospectus (DRHP) on Friday. As per DRHP, the company proposes to raise up to Rs 800 crore through IPO. Out of the total IPO size, it plans to raise Rs 250 crore through fresh issue of equity shares and Rs 550 crore through offer for sale. Shriram Properties has proposed partial exits to its four existing investors --TPG Capital,Tata Capital, Walton Street Capital and Starwood Capital -- which hold around 58 per cent stake i...

: Saturday, April 10, 2021, 12:37 PM IST After Macrotech Developers IPO, real estate firm Shriram Properties files draft papers to raise Rs 800 crore via IPO Anupam Rasayan raised Rs 225 crore from 15 anchor investors: Know about the company before investing in its IPO Bengaluru-based Shriram Properties has filed a draft document with market regulator Sebi to raise up to Rs 800 crore through an initial public offer (IPO). According to sources, Shriram Properties filed the draft red herring pr...

Macrotech Developers IPO: Share allotment liked to be finalised next week After allotment of shares on April 16, the equity shares will be credited to investors demat accounts on April 20, and the stock will be listed on the stock exchanges on April 22 BusinessToday.In | April 10, 2021 | Updated 21:17 IST Macrotech Developers, formerly known as Lodha Developers, is expected to finalise the share allotment of its initial public offer (IPO) next week. The issue opened on April 7 and closed on Ap...

NEW DELHI: The Rs 2,500 crore IPO of Macrotech Developers (erstwhile Lodha Developers) saw tepid demand and was subscribed only 35 per cent till mid-morning on Day 3 of the bidding process on Friday. At 10.30 am, the issue attracted bids for 1,26,56,070 shares against the issue size of 3,64,18,219 shares. Uncertainty surrounding the Covid second wave has spooked investor sentiment in the secondary market in recent weeks. That, market watchers say, is having a bearing on the response to this IPO...

Explore Now However, if you are already invested in these companies, then remain invested because there is a very strong momentum which is lifting these shares at this point of time, says Elixir Equities. It is difficult to say where commodity prices are headed but the way markets are rewarding steel stocks, do you think this is in anticipation of higher steel prices, better demand or is this now a bubble? I do not think it is a bubble because valuations are still within the normal zone. They ...

Macrotech Developers IPO fully subscribed on final day, retail portion booked 0.7 times Macrotech Developers IPO received bids for 4.95 crore equity shares against issue size of 3.64 crore equity shares BusinessToday.In | April 9, 2021 | Updated 18:15 IST Macrotech Developers plans to raise Rs 2,500 crore through the share sale. The initial public offer (IPO) of Macrotech Developers, one of Indias largest real estate players , was subscribed 1.36 times on the final day of bidding on April 9. T...

The Rs 2,500-crore initial public offering (IPO) of Macrotech Developers (erstwhile Lodha Developers) got a lukewarm response from investors with the issue garnering just 1.37 times subscription. This is the least for any IPO in 2021. The 36.42-million offering got less than 50 million bids with retail and employee portions of the issue remaining undersubscribed at 40 per cent and 17 per cent, respectively. The IPO managed to sail through on the back of demand from qualified institutional bu...