Macrotech Developers initial public offering (IPO) Debuts At 10% Discount On The BSE
Macrotech Developers will utilise the IPO proceeds to repay debts and acquire land Macrotech Developers (formerly Lodha Developers)' shares debuted at a 10 per cent discount to the issue price in a weak market amid a spike in coronavirus cases across the country. The share price started off the session at Rs 439 on the BSE, lower by 10 per cent as against issue price of Rs 486. At 10:25 am, the shares of Macrotech Developers were trading off their intra-day lows at Rs 457 on the BSE and Rs 460 on the NSE. The Rs 2,500-crore initial public offering (IPO), which was open between April 7 and Apr...
Source: ndtv.com