Page 18 - Lodha Developers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MUMBAI: Prominent investor Rakesh Jhunjhunwala may have placed a bid for shares of Marcotech Developers, formerly called Lodha Developers, in the company’s ongoing initial public offering, business news channel ETNow reported. The report comes at a time when the city-based real estate developer’s IPO has struggled for response from investors. The IPO was subscribed merely 35 per cent on the second day of the bidding process. It closes for subscription on Friday. ETMarkets could not independently verify the report. The lack of response from retail and high net-worth individuals has been p...

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. 25...

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 of 8.5 times. This is the third attempt by Macrotech to launch an IPO. The company had initially fi...

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 subscribed 0.35 times or 35 per cent by the end of second day of subscription, data from the National S...

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 Macrotech Developers, one of India's largest real estate players , was subscribed 26 per cent on the fi...