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: Thursday, April 1, 2021, 6:01 PM IST Macrotech Developers IPO: Price band fixed at Rs 483-486 per share; to hit market on April 7 - Check details here Macrotech Developers Ltd, formerly known as Lodha Developers, on Thursday announced the price band of its Rs 2,500 crore initial public offer (IPO) at Rs 483-486 per share. The issue will hit the capital market on April 7 and close on April 9. Macrotech Developers said in a statement that the price band for the offer has been determined at Rs 483-486 per equity share. The company may consider participation by anchor investors. The IPO is a f...

The initial public offering (IPO) of Macrotech Developers, earlier known as Lodha Developers, will be open from April 7-9. The company has priced it between Rs 483 and Rs 486 per equity share. The IPO comprises fresh issuance of equity shares worth Rs 2,500 crore. Macrotech pla­ns to utilise the offer proceeds to reduce its borrowings amounting up to Rs 1,500 crore and for acquiring land or land developmental rights of up to Rs 375 crore. The rest will be spent on general corporate purposes. At the top-end of the price band, Macrotech will have a post-diluted market capitalisation of Rs 2...

IPO-bound Lodha Developers seeks to drop Abhinandan from promoter group March 03, 2021 Lodha family’s wealth increased by 18 per cent during 2019 and was 12 per cent of the cumulative wealth of the remaining 99 Indians featured on the list   -  Bloomberg Lodha family’s wealth increased by 18 per cent during 2019 and was 12 per cent of the cumulative wealth of the remaining 99 Indians featured on the list   -  Bloomberg× Lodha Developers, India’s one of largest real-estate companies that has now been rechristened as Macrotech Developers, has made an application to market regulator S...

Editor’s take: The week that was — Feb 15-20 February 21, 2021 It’s been known for a long time that there were cracks emerging at the Philippines-based prefabricated housing construction firm Revolution Precrafted. This week, the controversies regarding the luxury builder took a new turn when the country’s National Bureau of Investigation, acting on a complaint by contractors and suppliers, decided to probe the company. The complainants said they were duped by the firm, which allegedly led to losses worth $3 million. Established in 2015 by Robbie Antonio, the flamboyant son of the r...

India: Developers Shriram, Puranik to refile IPO papers after Lodha February 21, 2021 Shriram Properties Pvt. Ltd and Puranik Builders Pvt. Ltd could be next in the queue to launch initial public offerings (IPOs), hoping to exploit a surge in demand for primary market offerings, said three people familiar with the matter. The two real estate firms will follow Macrotech Developers, formerly known as Lodha Developers, which filed its draft prospectus earlier this week, in its third attempt. Bengaluru-based Shriram Properties and Mumbai’s Puranik Builders, both residential-focused developers, ...