Page 85 - Macrotech Developers News Today

The domestic equity markets welcomed RBI governor Shaktikanta Das decision to keep repo rate unchanged at 4 per cent during the first bi-monthly monetary policy of FY22, along with holding the GDP growth rate steady at 10.5 per cent for new financial year. Despite the recent surge in Covid-19 cases, the governor said the central bank and the government are prepared to tackle the second wave of coronavirus. That apart, the Governor announced ‘Secondary market G-sec acquisition programme, whe...

Macrotech Developers IPO Subscribed 26% On First Day Of Issue Macrotech Developers IPO Subscribed 26% On First Day Of Issue Macrotech Developers, formerly known as Lodha Developers is planning to raise Rs 2,500 crore via IPO and is selling shares in the price band of Rs 483-486 per share. Macrotech was founded by billionaire Mangal Prabhat Lodha in Mumbai. Macrotech Developers share sale via initial public offering (IPO) was subscribed 26 per cent on the first day of the issue, data from th...

Lodha raises Rs 740 crore from 14 anchor investors before IPO Top Searches Lodha raises Rs 740 crore from 14 anchor investors before IPO TNN / Updated: Apr 7, 2021, 08:09 IST FacebookTwitterLinkedinEMail MUMBAI: Macrotech Developers (earlier known as Lodha Developers), one of the largest residential real estate companies in the country, on Tuesday allotted about 1.5 crore shares to a clutch of foreign and domestic investors in pre-IPO placement to raise Rs 740 crore. The shares were allotted a...

NEW DELHI: The Rs 2,500 crore initial public offer of Macrotech Developers, erstwhile known as Lodha developers, was subscribed 26per cent on the first day of the bidding on Wednesday. Interestingly, qualified institutional buyers (QIBs), who usually bid on the last day of the process, came in hordes to apply for the shares. The quota reserved for them was subscribed 58 per cent. The retail investor quota was subscribed 15 per cent. The company had raised Rs 740 crore from 14 anchor investors a...

Markets likely to witness lacklustre trade; eyes RBI’s monetary policy April 07, 2021 × Stocks to watch out for today: Barbeque-Nation, RIL, Cholamandalam Investment, Axis Bank, M&M and Concord Drugs Markets are likely to witness another lacklustre trading on Wednesday, even as the Reserve Bank will unveil its monetary policy in the afternoon. However, global stocks continue to unsupportive of bulls, with the US and some Asian markets being listless. SGX Nifty at 14,760 (8 am IST) indica...

The IPO of realty major Macrotech Developers, also known as Lodha Developers, garnered 26 per cent subscription on Wednesday, the first day of the issue. The Mumbai-based developer is looking to issue fresh shares worth Rs 2,500 crore in the IPO. A day earlier, the company allotted shares worth Rs 740 crore to anchor investors. Lodha will use the IPO proceeds to reduce debt and for land acquisition. The price band for the IPO is Rs 483–486 per equity share. At the top-end of the price band, M...

April 6, 2021 An Indian real estate company famous for its connection with Donald Trump and infamous for a junk debt rating in 2019 is—finally—set to list on Indian stock exchanges. Riding on the ongoing stock market boom, Macrotech Developers, formerly known as Lodha Developers, will launch its initial public offering (IPO) on BSE and the National Stock Exchange tomorrow (April 7). The company—which stalled its IPO first in 2009 and then in 2018 due to unfavourable market conditions—is...

NEW DELHI: Even though the management of Macrotech Developers sounded confident that its IPO will create “a huge amount of value” for investors, grey market premium for the unlisted shares has dried up just ahead of Wednesday’s opening of the issue. Dealers active in the unofficial market for unlisted stocks, or grey market, said the premium enjoyed by the stock has come down to Rs 2-4, as investors’ risk appetite declined sharply in the past few weeks following the re-emergence of Covi...

Bengaluru-based Shriram Properties may file a draft document this week with market regulator Sebi for its proposed initial public offer (IPO) to raise up to Rs 800 crore, according to sources. The company plans to give 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. According to the sources, Shriram Properties is likely to file the draft red herring prospectus (DRHP) t...

The company has allocated 1.52 crore shares at Rs 486 per share to these anchor investors. A total of 12 foreign portfolio investors who participated in the anchor were Capital Group; Nomura; Ivanhoe Cambridge, real estate arm of CDPQ; Wellington Asset Management; Abu Dhabi Investment Authority, Abu Dhabi’s sovereign fund; Platinum Asset Management, Marshall Wace, Brookfield Asset Management, Segantii Capital, York, Oxbow and Discovery. These foreign investors were allocated around 1.45 crore...