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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 at the upper end of the IPO price band of Rs 483-486 per share. The Rs 2,500-crore IPO of Macrotech w...

By Jonathan Breen 08.30 AM Indian real estate company Macrotech Developers has kicked off bookbuilding for its up to Rp25.1bn ($338.2m) listing. The issuer, called Lodha Developers until mid-2019, launched the deal on Wednesday. It is floating 51.7m primary shares at Rp483 to Rp486 each.Axis Capital, JP Morgan and Kotak Mahindra Bank are the global co-ordinators and bookrunning lead managers. Bob Capital Markets, Edelweiss Financial Services, ICICI Securities, IIFL ... Already a subscriber? Login

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) indicates a flat opening, as Nifty futures on Tuesday closed at 14,750. While Dow Jones, Nasdaq and S&P 50...

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, Macrotech will have a post-diluted market capitalisation of Rs 21,740 crore. The Mumbai-based develop...

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 now looking to raise Rs2,500 crore ($341 million) via the public listing. This is the second-bigges...