Macrotech Developers Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 25,411,522 (49%) | — | ₹123,500 Cr |
| NII (HNI) | — | 7,623,457 (15%) | — | ₹37,050 Cr |
| Retail | — | 17,788,066 (35%) | — | ₹86,450 Cr |
| Employee | — | 617,283 (1%) | — | ₹300 Cr |
| Σ Total | — | 51,440,328 (100%) | — | ₹2,500,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,580 |
| Retail (Max) | 13 | 390 | ₹189,540 |
| S-HNI (Min) | 14 | 420 | ₹204,120 |
| B-HNI (Min) | 67 | 2,010 | ₹976,860 |
Financial Statements Amount in Crore
| Metric | 31-Dec-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 3,160 | 12,561 | 11,979 |
| Profit After Tax | 264 | 745 | 1,644 |
| Total Assets | 40,595 | 40,693 | 49,864 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Reduction of the aggregate outstanding borrowings of our Company on a consolidated basis – 1,500.00
- 2 Acquisition of land or land development rights – 375.00
- 3 General corporate purposes – 532.77
Company Overview
Incorporated in 1995, Macrotech Developers [Formerly known as Lodha Developers] is the largest real estate developer in India. The company is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Palava (Navi Mumbai, Dombivali Region), Upper Thane (Thane outskirts), Amara (Thane), Lodha Sterling (Thane), Lodha Luxuria (Thane), Crown Thane (Thane), Bel Air (Jogeshwari), Lodha Belmondo (Pune), Lodha Splendora (Thane) and Casa Maxima (Mira Road) are some of its affordable and mid-income housing projects. Company generates maximum revenue from this segment as in the fiscal 2020, the revenue from this segment accounted for 57.77%.
Under the logistic and industrial park portfolio, it has planned to develop an industrial park of over 800 acres of land near Palava. However, the commercial real estate portfolio includes projects like corporate offices, IT campuses, and boutique office spaces. As on Dec 31 2020, the firm has successfully completed 91 projects comprising 77.22 million sq. ft. of developable area, with 59.13 million sq. ft. in the affordable housing segment.
Competitive Strengths
- Largest residential real estate developer in India.
- Strong sales distribution network across India as well as NRI markets i.e. GCC, UK, Singapore, and US.
- Brand equity and premium pricing.
- Strong project execution capabilities.
- Experienced management team.