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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 April 9 after being subscribed 1.36 times. This was the first IPO of the ongoing financial year. As ...

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. Tepid listing of some of the recent debutants has also dampened investor enthusiasm in the primary...

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 are not out of whack by any chance and after a long down cycle, we have seen a decent upsurge in ste...

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 India's largest real estate players , was subscribed 1.36 times on the final day of bidding on April 9. The IPO received bids for 4.95 crore equity shares against issue size of 3.64 crore equity shares, s...

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 buyers (QIBs). The QIB portion was subscribed 3.06 times. The high-networth individual (HNI) portion w...