InvestorQ : Can you share the details of Lodha developers' (Macrotech Developers) IPO?
Dia Deshpande made post
IPO

Can you share the details of Lodha developers' (Macrotech Developers) IPO?

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Ria Jain answered.
4 months ago
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IPO details:
The company’s IPO opens on 07-04-2021 and will close on 09-04-2021.
The price of the issue shall be Rs 483 to Rs 486 per equity share
Lot size and minimum quantity will be 30 shares
A retail investor can apply for up to 13 lots.
The company is set to issue a total of 51,440,328 equity shares in the market

About the company:
The company was incorporated in 1995 and is among the top real estate developer in India. The company is primarily engaged in affordable real estate development and recently, it also entered the logistics development market, industrial parks, and commercial real estate. It generates its maximum revenue from affordable real estate development projects. The company has so far completed 91 projects comprising 77.22 million sq. ft. of developable area.

Strengths:
The company has strong project execution capabilities
It has a well-versed and experienced management team.
Brand equity and premium pricing.
It is one of the largest real estate developers in the country.

Should you subscribe?
Well, the answer is, yes you should. Even if you are looking for short-term or listing gain, this can be a suitable investment option. The shares of this company are trading at a 4-5% premium in the grey market, this shows that investors are interested in the company. Also, as per the reports, investors are lining up for the issue to seek the benefit of list gains, while some are looking for long-term growth. The company has potential and many investors are looking to grab this advantage.
However, before believing any experts, kindly make your thorough research and then invest. The views here are discretionary and can vary from person to person.
 
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