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Lodha Developers IPO looks to defy poor scorecard of realty companies

Its IPO will be the first by a real estate company in eight years and only the sixth Rs10-billion-plus offering by a home developer

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Samie Modak
Lodha Developers is aiming to defy the poor stock market scorecard of realty companies with its proposed Rs 55-billion initial public offering (IPO). 

The Mumbai-based developer known for its tall residential buildings has filed its offer document with Securities and Exchange Board of India. Its IPO will be the first by a real estate company in eight years and only the sixth Rs10-billion-plus offering by a home developer. It is no secret that Dalal Street has been averse to real estate IPOs given their poor show amid stagnation in realty prices. 

Even after several years, most stocks are currently below

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First Published: Apr 29 2018 | 9:14 PM IST

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