Page 84 - Macrotech Developers News Today

Indian markets looked set to extend gains to the third consecutive day on Thursday, tracking cues from global peers, as SGX Nifty traded 75 points or 0.50% higher at 14,938 at around 7.25 am. However, the session could be marked by high volatility on account of weekly F&O expiry. Besides global cues, development on the Covid-19 front is likely to sway the market mood. Keeping in view the rising virus cases, Prime Minister Narendra Modi will interact with chief ministers of states today to dis...

NEW DELHI: The Rs 2,500 crore Macrotech Developers (erstwhile Lodha Developers) IPO was subscribed 28 per cent on Day 2 of the bidding process so far on Thursday. By 11.40 am, the fresh issue attracted bids for 1,02,90,810 shares against the issue size of 3,64,18,219 shares. The issue is being sold in Rs 483-486 price band. At the upper limit of this band, the IPO is asking for a trailing twelve month EV/sales multiple of 6.3 times, which Choice Broking said is at a discount to the peer average...

Macrotech Developers IPO Subscribed 35% By End Of Second Day Macrotech Developers IPO: Retail investors were showing lack of demand for the issue as the portion reserved for them was subscribed 12 per cent. Updated: April 08, 2021 6:47 pm IST Macrootech plans to use the IPO proceeds to pare its debt obligations and buy land for future growth. Macrotech Developers (formerly known as Lodha Developers) share sale via initial public offering (IPO) witnessed weak demand as the issue was only sub...

Macrotech Developers IPO subscribed 26% on day 1 Macrotech Developers IPO received bids for 95.91 lakh equity shares, subscription data on exchanges showed. The portion reserved  for retail investors was subscribed 15 percent BusinessToday.In | April 8, 2021 | Updated 10:07 IST Macrotech Developers Ltd, earlier known as Lodha Developers, launched their IPO on April 7. The firm plans to raise Rs 2,500 crore through the share sale which will end on April 9. The initial public offer (IPO) of Mac...

Mid- and small-cap shares were also witnessing strong buying interest The Indian equity benchmarks extended gains in afternoon trading led by gains in metal and auto counters like JSW Steel, Tata Steel, Hindalco, Vedanta, Tata Motors and Eicher Motors. The Sensex rose as much as 456 points and Nifty 50 index touched an intraday high of 14,984. The benchmarks opened higher and extended gains in noon trading ahead of weekly expiry of index futures and option contracts.  As of 2:05 pm, the Sensex...

Stocks in Focus on April 8: Macrotech Developers IPO, Hindustan Copper, Andrew Yule, Godrej Consumer Products to Pharma Stocks; here are the 5 Newsmakers of the Day zeebizindia@gmail.com (Zee Business) © Provided by Zee Business The Sensex and the Nifty on Wednesday, April 7, 2021, gained around one per cent amid mixed global cues. The S&P BSE Sensex surged 460 points, or 0.94 per cent, to close at 49,662. The Nifty at National Stock Exchange also climbed 136 points, 0.92 per ...

The issue received bids for 1.26 crore shares as against 3.64 crore shares on offer. The initial public offer (IPO) of Macrotech Developers received bids for 1.26 crore shares as against 3.64 crore shares on offer, according to the stock exchange data at 17:00 IST on Thursday (8 April 2021). The issue was subscribed 0.35 times. The issue opened for bidding on Wednesday, 7 April 2021 2021, and it will close on Friday, 9 April 2021. The price band for the IPO is set at Rs 483-486 per share. An in...

Macrotech Developers raises Rs 740 crore from anchor investors ahead of IPO Representational image/IPO Realty major Macrotech Developers Ltd, erstwhile Lodha Developers, on Tuesday raised Rs 740 crore from anchor investors, ahead of its initial public offer (IPO) that will hit the capital market on Wednesday. Mumbai-based Macrotech has raised Rs 740 crore from 14 anchor investors, the company said in a regulatory filing. The company informed that it has allocated 1.52 crore shares at Rs 486 p...

NEW DELHI: The second-largest real estate sector initial public offering (IPO) in India opened on Wednesday. Macrotech Developers aims to raise Rs 2,500 crore via the issue, mostly to pay off part of its debt. Analysts are mixed on the issue with some counting superior return ratios as positives while others raising questions over its huge debt and negative cash flow. The grey market premium for the issue has also vanished. “We also expect listing gains will be very limited in this IPO. We a...

URL copied Lodha Developers IPO opens for subscription today The IPO of realty major Macrotech Developers Ltd, erstwhile Lodha Developers, will open for subscription on Wednesday. The Mumbai-based firm raised Rs 740 crore from 14 anchor investors ahead of its initial public offer. The company informed that it has allocated 1.52 crore shares at Rs 486 per scrip to anchor investors. The price band was fixed at Rs 483-486 per share. As many as 12 foreign portfolio investors participated ...