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Macrotech Developers IPO — here is how to check share allotment status

COVID-19 hits the markets, realty already has its own problems
In addition to the second wave of COVID-19 dampening the market sentiment, analysts are concerned about how Macrotech Developers will be able to persevere through the tough times. This is because while other sectors are facing the brunt of the pandemic as well, realty is seeing its worst slow down in five years.
Moreover, the nature of the realty industry is capital intensive, and the company has a lot of debt on its plate ₹1,500 crore of its fresh funds will be going towards reducing its borrowings.
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The silver lining is that home loan interest rates have been on the downturn over the past couple of years. That means it s becoming cheaper for people to borrow from the bank in order to buy a house. And Macrotech Developers’ operates across all classes, from luxury to mid-segment to affordable. ....

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Macrotech Developers IPO — check share allotment date, listing date and more

The basis of allotment for the ₹2,500 crore IPO of Marcotech Developers is set to be announced tomorrow on April 16.The IPO saw muted demand being subscribed ....

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