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Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Macrotech Developers Ltd
Registered Office:
412 Fl 4 17 G VardhamanChamber,Cawasji Patel Rd Horniman Fort,
Mumbai - 400001,
Maharashtra, India.
Website :  www.lodhagroup.com
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.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
07-Apr-21
09-Apr-21
486.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 30     Further Multiples of : 30
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
2500.00
Axis Capital Ltd
Project Financed
2500.00
 
Post Issue
447.32
 
Issue Price
486.00
 
Projects
Reduction of the aggregate outstanding borrowings of the company on a Consolidated basis
Acquisition of Land or Land Development Rights
General Corporate Purposes
Promoted By
Abhishek Mangal Prabhat Lodha
Rajendra Narpatmal Lodha
Sambhavnath Infrabuild
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd
DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
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