 "Street signs: Macrotech GMP muted, PLI boost for AC companies & more")
Macrotech Developers GMP muted
Grey market operators have turned cautious after a spate of weak listings last month. Shares of Macrotech Developers, earlier known as Lodha Developers, are changing hands in the grey market at a premium of just 3-5 per cent, ahead of itsRs 2,500 crore IPO, which opens on Wednesday. The company has priced it between Rs 483 and Rs 486 per equity share. At the top-end of the price band, Macrotech will have a post-diluted market capitalisation of Rs 21,740 crore, making it the third-biggest listed realty company, after DLF and Godrej Properties.
PLI boost
Grey market operators have turned cautious after a spate of weak listings last month. Shares of Macrotech Developers, earlier known as Lodha Developers, are changing hands in the grey market at a premium of just 3-5 per cent, ahead of itsRs 2,500 crore IPO, which opens on Wednesday. The company has priced it between Rs 483 and Rs 486 per equity share. At the top-end of the price band, Macrotech will have a post-diluted market capitalisation of Rs 21,740 crore, making it the third-biggest listed realty company, after DLF and Godrej Properties.
PLI boost
