This will be the third attempt by a real estate company to launch a public issue and list its shares on stock exchanges.
Realty, the original Macrotech developer limited, formerly known as Lodha Developers, will open its initial public offering (IPO) on Wednesday, April. The three-day public offer will end on April 9. On Tuesday, April, the company raised Rs 740 crore before offering 14 anchor investors
Investors may be aware that this will be the company’s third attempt to launch a public issue and list its shares on stock exchanges.
Macrotech developers first submitted initial documents for raising about Rs 2,700 crore in September 2009 and received approval from the Securities and Exchange Board of India (SEBI) in January 2010. However, the IPO could not be launched due to unfavorable market conditions after the global financial crisis.
The company again submitted draft papers in 2018 and received approval to raise Rs 5,500 crore to launch its IPO in July 2018. However, the plan was adopted again amid market turmoil.
If you are planning to invest in an IPO, you need to know about your IPO:
Price band: The issue price is fixed at Rs 483-486 per band share. Investors can then bid multiple times for equity shares and up to 30 lots.
A purpose: Chief A purpose IPO means to reduce the overall arrears of the company on a consolidated basis, acquire land or land development rights and raise funds to meet general corporate objectives.
Chief Director: ICT Capital Limited, BOB Capital Markets Limited, Edelweiss Financial Services Limited, ICICI Securities Limited, IIFL Holdings Limited, JP Morgan India Private Limited. Capital Markets Limited and Yes Securities (India) Limited.
Registrar: Link Intime India is the registrar of public issues.
How to apply: Investors can apply for IPO online as a UPI or ASBA payment method ASBA IPO application bank account is available in Net Banking and UPI IPO application is offered by brokers who do not provide banking services.
Earnings: 201 F-1. In the first nine months of the previous financial year, the company’s revenue was Rs 2,920 crore. The company had posted a profit of Rs 1,210 crore in 2012-201, but lost Rs 2,260 crore in the April-December period of the previous fiscal. Coronavirus Extreme.
About the company: Founded in 1995, Mangal Prabhat Lo Dha is a leading player in the Indian real estate market with a presence in Mumbai, Pune and London. The company is the largest residential real estate developer in India in terms of sales bookings
With PTI input