Page 21 - Lodha Developers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NEW DELHI: Even though the management of Macrotech Developers sounded confident that its IPO will create “a huge amount of value” for investors, grey market premium for the unlisted shares has dried up just ahead of Wednesday’s opening of the issue. Dealers active in the unofficial market for unlisted stocks, or grey market, said the premium enjoyed by the stock has come down to Rs 2-4, as investors’ risk appetite declined sharply in the past few weeks following the re-emergence of Covid infections. “A week back the stock was commanding a premium of about Rs 25,30,” said Dinesh G...

Bengaluru-based Shriram Properties may file a draft document this week with market regulator Sebi for its proposed initial public offer (IPO) to raise up to Rs 800 crore, according to sources. The company plans to give partial exits to its four existing investors -- TPG Capital, Tata Capital, Walton Street Capital and Starwood Capital -- which hold around 58 per cent stake in the company. According to the sources, Shriram Properties is likely to file the draft red herring prospectus (DRHP) this week with the Sebi and expects to get the nod to launch its IPO next month. The company plans t...

The company has allocated 1.52 crore shares at Rs 486 per share to these anchor investors. A total of 12 foreign portfolio investors who participated in the anchor were Capital Group; Nomura; Ivanhoe Cambridge, real estate arm of CDPQ; Wellington Asset Management; Abu Dhabi Investment Authority, Abu Dhabi’s sovereign fund; Platinum Asset Management, Marshall Wace, Brookfield Asset Management, Segantii Capital, York, Oxbow and Discovery. These foreign investors were allocated around 1.45 crore shares for around Rs 705 crore. Two domestic investors including one mutual fund were allocated aro...

NEW DELHI: As Macrotech Developers readied to hit the market with its IPO, what is puzzling investors is the name change: after all the branding and projects launched under the Lodha name, Lodha Developers changed its name. The management says that is no rocket science. “The company had a merger of its existing company, Macrotech Developers, in 2019. At that point in time, as per the board’s decision, it was chosen to retain the name of that merged entity,” said Abhishek Lodha, Managing Director and Chief Executive Officer of Macrotech Developers. The company plans to raise Rs 2,500 cro...

Macrotech Developers IPO from tomorrow 07-04-2021: Issue Price, Price Band, Bid lot, and other details of Lodha Developers highlighted zeebizindia@gmail.com (Zee Business) © Provided by Zee Business Macrotech Developers IPO Date 07-04-2021: Macrotech Developers, known as Lodha Developers, is coming out with a Fresh Issue of Equity shares aggregating upto Rs 2500 cr. The Face value is Rs 10. The Employee Reservation is Equity Shares aggregating upto Rs 30 cr. The Price band is Rs 483 – 486 and the Bid Lot is 30 Shares and in multiple thereof. Macrotech Developers Post IPO Im...