Macrotech Developers Limited
ListedMainboardReal Estate · NSE / BSE
Incorporated in 1995, Macrotech Developers (formerly Lodha Developers) is India’s largest real estate developer, primarily focused on affordable residential projects. It has also expanded into logistics and industrial parks as well as commercial real estate since 2019. Key residential projects include Palava (Navi Mumbai), Upper Thane, Amara, Lodha Sterling, Lodha Luxuria, Crown Thane, Bel Air, Lodha Belmondo, Lodha Splendora, and Casa Maxima, which together contributed 57.77% of revenue in FY2020. The company plans an 800-acre industrial park near Palava and develops commercial spaces such as corporate offices and IT campuses. As of December 31, 2020, Macrotech has completed 91 projects covering 77.22 million sq. ft., with 59.13 million sq. ft. in affordable housing.
Price Band
₹483 – ₹486
Issue Size
₹2500 Cr
Lot Size
30 shares
GMP
—
Est. Listing
₹486
at current GMP
Subscribed
—
Open
7 Apr 2021
Close
9 Apr 2021
Allotment
16 Apr 2021
Refund
17 Apr 2021
Demat Credit
18 Apr 2021
Listing
19 Apr 2021
Last updated 12 days ago
Key Highlights
- •Leading player in the Real Estate segment
- •Price band established at ₹483 - ₹486 per equity share
- •Minimum bid lot is 30 shares
- •Estimated listing target of ₹486 based on current grey market activity