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Macrotech Developers Limited - On a strong footing; initiate with BUY - ICICI Securities equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Macrotech Developers Limited listed today on the bourses equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Macrotech Developers Limited subscribed 35% on Day 2
Posted On: 2021-04-08 08:15:41 (Time Zone: Arizona, USA)
Affordable and Mid Income Housing focused Macrotech Developers Limited also known as Lodha Developers; received bids of 1,26,56,070 shares against the offered 36,193,415 equity shares, as per the 5:00 pm data available on the bourses.
The portion reserved for retail investors was subscribed 0.25 times. While the Qualified Institutional Buyer category was subscribed 0.66 times, the Non-Institutional Investor category was subscribed 0.19 times.
The total size of the offer is Rs. 2500 cr at the upper price band of Rs. 486 per share.
The IPO is a fresh issuance of equity shares of Rs 10 face value aggregating up to Rs. 2500 crore. The minimum bid lot is of 30 equity shares, thereafter in multiples of 30 equity shares. The price band has been fixed at Rs. 483 - Rs. 486 per Equity Share.
Macrotech Developers Limited subscribed 27%, QIB portion booked 59% on Day 1 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.