Business Standard

Macrotech Developers Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

2,500.00 cr

Price Range (₹)

486

Lot Size

30

Min Investment (₹)

14,580.00

Listing Exchange

MumbaiNSE

Open Date

07-Apr-2021

Close Date

09-Apr-2021

Listing Date

19-Apr-2021

Macrotech Developers Ltd News

    The Shares of Macrotech Developers Ltd have now been listed.

    Macrotech Developers Ltd IPO Details

    Initial public offer of 51,440,328 equity shares of face value of Rs.10 each (equity shares) of Macrotech Developers Limited (issuer) for cash at a price of Rs.486 per equity share (including a share premium of Rs.476 per equity share) aggregating to Rs.2500 Crores (the issue). The issue includes a reservation of 617,283 equity shares aggregatingup to Rs.30 Crores (constituting 0.14% of the post-issue paid-up equity share capital), for subscription by eligible employees (the employee reservation portion). The issue less the employee reservation portion is hereinafter referred to as net issue. The issue and net issue shall constitute 11.50% and 11.36%, respectively, of the post-issue paid-up equity sharse is Rs.10 each.The company may, in consultation with the managers, consider a pre-ipo placement of up to (*) specified securities for cash consideration aggregating up to Rs. 500 Crores (the pre-ipo placement). The pre-ipo placement will be at a price to be decided by the company. If the pre-ipo placement is undertaken, the number of equity shares issued pursuant to the pre-ipo placement will be reduced from the issue, subject to the minimum issue size constituting at least (*)% of the post-issue paid-up equity share capital of the company.The face value of equity shares is Rs.10 each and the face value is 48.6 times of the face value.

    Objective of issue

    Reduction of the aggregate outstanding borrowings of the company on a Consolidated basis. Acquisition of Land or Land Development Rights. General Corporate Purposes.

    Macrotech Developers Ltd Contact Details

    Macrotech Developers Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - investor.relations@lodhagroup.com

    Website - www.lodhagroup.in