Page 13 - Lodha Developers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Macrotech Developers will utilise the IPO proceeds to repay debts and acquire land Macrotech Developers (formerly Lodha Developers)' Rs 2,500-crore initial public offering (IPO) is set to debut on the bourses on Monday i.e. April 19. The IPO, which was open between April 7 and April 9, had received a tepid response from all category of investors. The public issue was subscribed by a mere 1.36 times; the portion set aside for qualified institutional buyers was subscribed 3.05 times, non-institutional investors segment attracted 1.44 times subscription and retail participants' portion, 40 per c...

Nifty to tumble over 180 points on fresh lockdown announcements April 19, 2021 × Though Covid-19-related situation is worrisome, IMD and Skymet predicting normal monsoon for the country augurs well for the market Indian markets are expected to open sharply lower on Monday, as fresh lockdowns have been announced by various governments following spread of the Covid-19 pandemic. The SGX Nifty, which currently rules at 14,463 at the Singapore Stock Exchange, indicates at least a 180 points gap-down opening for Nifty futures, which on Friday closed at 14,645. Analysts fear the recovery in the ...

Macrotech Developers will utilise the IPO proceeds to repay debts and acquire land Macrotech Developers (formerly Lodha Developers)' shares debuted at a 10 per cent discount to the issue price in a weak market amid a spike in coronavirus cases across the country. The share price started off the session at Rs 439 on the BSE, lower by 10 per cent as against issue price of Rs 486. At 10:25 am, the shares of Macrotech Developers were trading off their intra-day lows at Rs 457 on the BSE and Rs 460 on the NSE. The Rs 2,500-crore initial public offering (IPO), which was open between April 7 and Apr...

1.36 times According to analysts, the company is a good bet if you were willing to hold on to the stock for the long run — not for its listing premium. So, if you have the shares and are concerned that there’s been a loss on premium, keep the stock if you have the patient. Why are investors wary of Macrotech Developers? One of the reasons for investors to be wary was the company’s high level of debt. Around ₹1,500 crore of funds from the IPO will go towards repaying lenders to ease its balance sheets. But that doesn’t mean that it won’t need more money, which brings us two the...

Shares of Macrotech Developers, also known as Lodha Developers, fell as much as 13 per cent on their stock market debut on Monday, before recouping half of the losses and settling at Rs 458, down Rs 28 or 5.8 per cent. It touched a low of Rs 423 and a high of Rs 478 on the NSE, where Rs 20,484 crore worth of shares changed hands. The poor listing comes amid weakness in the secondary market because of the rise in Covid-19 infections and lockdown measures imposed in key states. Since Lodha’s Rs 2,500-crore IPO closed on April 9, the Sensex has declined by 3.3 per cent. Also, the investor r...