Macrotech Developers was incorporated onSeptember 25, 1995 as 'Lodha Developers Private Limited'. The company's core business is residential real estate developments with a focus on affordable and mid-income housing. Currently, the company has residential projects in the MMR and Pune.
| Bidding Dates |
|---|
| 07 Apr 2021 - 09 Apr 2021 |
| Subscription |
|---|
| 1.36x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,580 | 1 | 13 | 30 | 51.4 M | ₹483 - ₹486 | 88.5 % | ₹24845.7 M - ₹25000.0 M | RHP DOC |
Macrotech Developers IPO SUBSCRIPTION STATUS
09 Apr '21Macrotech Developers IPO overall subscription rate was 1.36 times the total available shares
Macrotech Developers IPO retail subscription rate was 0.4 times in the retail segment
Macrotech Developers IPO non-institutional investor subscription rate was 1.44 times in the non-institutional investor category
Macrotech Developers IPO Qualified Institutional Bidder subscription rate was 3.05 times the available shares for Qualified Institutional Bidder
Macrotech Developers IPO Employees subscription rate was 0.17 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
09 Apr 2021 (Day 3) | 0.4x | 1.44x | 3.05x | 0.17x |
08 Apr 2021 (Day 2) | 0.25x | 0.19x | 0.65x | 0.1x |
07 Apr 2021 (Day 1) | 0.15x | 0.11x | 0.58x | 0.04x |
Macrotech Developers FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| 9MFY21 | -2,643.0 | 29,150.1 | 14,367.4 | 14,363.2 | 26.3% |
| 9MFY20 | 5,030.8 | 92,729.6 | 22,634.5 | 22,081.5 | |
| FY20 | 7,448.4 | 124,425.9 | 37,731.7 | 37,439.4 | 30.5% |
| FY19 | 16,439.8 | 119,069.8 | -4,631.8 | -5,622.3 | 30.9% |
| FY18 | 17,893.9 | 135,271.9 | 6,959.9 | 5,905.0 | 29.9% |
Macrotech Developers IPO SUBSCRIPTION STATUS DETAILS
Macrotech Developers had 51.4 M shares on offer
Macrotech Developers IPO offer price was in the range ₹483 - ₹486
Macrotech Developers IPO minimum Investment was ₹14580
Macrotech Developers IPO issue size was ₹ 24845.7 M - ₹ 25000.0 M
Macrotech Developers had a minimum lot size of 30 Shares per application
Macrotech Developers NUMBER OF SHARES ON OFFER
Macrotech Developers IPO IMPORTANT DATES
| Issue Open Date | 07 Apr 2021 |
| Issue close Date | 09 Apr 2021 |
| Allotment Date | 16 Apr 2021 |
| Refund Date | 19 Apr 2021 |
| Demat Account Credit Date | 20 Apr 2021 |
| Listing Date | 19 Apr 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Macrotech Developers Allotment Status | Exchange |
Macrotech Developers IPO subscription opened on 07 Apr 2021, and closed on 09 Apr 2021
IPO allotment for Macrotech Developers was finalized on Friday, 16 Apr 2021
IPO listing for Macrotech Developers was on NSE and BSE on Monday, 19 Apr 2021
Macrotech Developers IPO LISTING GAINS
| Issue Price (adjusted) | 243.0 |
| Listing Open Price | 439.0 |
| Listing Close Price | 463.1 |
| Listing Gain% | -9.7% |
| Current Gain% | 401.5% |
Macrotech Developers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lodha Developers Ltd. | 1218.7 | 54514.7 | 29.5 | 0.8 | 6.7 | 14.7 | 5.8 | 17119.5 | 20.8 | 3428.2 | 24 | 41.3 | 39.2 |
| DLF Ltd. | 642 | 158915 | 35.7 | -41.3 | 23.5 | 9.7 | 5.9 | 9816 | 9.1 | 4414.7 | 1.1 | 18 | -0.9 |
| Prestige Estates Projects Ltd. | 1584.8 | 68262.1 | 59.9 | 0.5 | 5.2 | 7.3 | 1.6 | 13195.5 | 70.6 | 1195.5 | 155.7 | 26.4 | 115.9 |
| Phoenix Mills Ltd. | 1895.5 | 67795.2 | 53 | 1.8 | 14.9 | 11.1 | 5.4 | 4593.6 | 15.9 | 1223.8 | 24.3 | 35.8 | 29 |
| Oberoi Realty Ltd. | 1775 | 64539.4 | 24.5 | 0.9 | 10.2 | 14 | 9.9 | 6304.3 | 15.2 | 2507.4 | 12.7 | 72.3 | 27.5 |
| Godrej Properties Ltd. | 2070 | 62353.8 | 39 | 4.8 | 12 | 9.6 | 2.2 | 8410.9 | 20.7 | 1850.2 | 32.2 | 53.1 | 8.1 |
Macrotech Developers INFORMATION ON IPO ISSUE
About Macrotech Developers
Macrotech Developers was incorporated onSeptember 25, 1995 as 'Lodha Developers Private Limited'. The company's core business is residential real estate developments with a focus on affordable and mid-income housing. Currently, the company has residential projects in the MMR and Pune.
Object of the Issue
1. To reduce aggregate outstanding borrowings of the company on consolidated basis.
2. To acquire land or land development rights.
3. To meet general corporate purposes.
Macrotech Developers - PROMOTERS
| Name |
|---|
| Abhishek Mangal Prabhat Lodha |
| Rajendra Narpatmal Lodha |
| Sambhavnath Infrabuild |
| Sambhavnath Trust |
Macrotech Developers Book Running Lead Managers
Axis Capital Limited
Macrotech.ipo@axiscap.in
J.P. Morgan India Private Limited
lodha.ipo@jpmorgan.com
Kotak Mahindra Capital Company Limited
macrotech.ipo@kotak.com
Macrotech Developers Registrar to the Offer
Link Intime India Private Limited
macrotech.ipo@linkintime.co.in
Macrotech Developers Strengths
brand equity
The company has brand equity and premium pricing
Project execution capabilities
The company has strong project execution capabilities
Experienced team
Experienced management team
Strong sales distribution network
Strong sales distribution network across India as well as NRI markets i.e. GCC, UK, Singapore, and US.
Macrotech Developers Risks
Debt
The company has a substantial amount of debt, which could affect its ability to obtain future financing or pursue the growth strategy
Negative cash flow
The company has had negative cash flows in the past and may continue to have negative cash flows in the future
Legal proceedings
There are material outstanding legal proceedings involving the Company, Subsidiaries, Associates, Directors, Promoters and Group Companies.
IPO FAQs
Macrotech Developers Ltd. IPO listing opened at Rs 439.00 while the issue price was Rs 486.00 giving -9.67% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 243.00 giving 401.52% gains since its IPO listing.
The promoters of the company are Abhishek Mangal Prabhat Lodha, Rajendra Narpatmal Lodha, Sambhavnath Infrabuild and Sambhavnath Trust.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 483.0 - 486.0.
The IPO application opens on Apr 07, 2021 and closes on Apr 09, 2021.
The minimum lot size for the IPO is 30. The maximum lot size for the IPO is 390.
For all category investors, the minimum application amount for this IPO is Rs. 14,580.0, the maximum value for this IPO is Rs 189,540.0.
This IPO will be allotted on Apr 16, 2021.
The refund will be credited to your account on Apr 19, 2021.
The allotted shares will be credited to your demat on Apr 20, 2021.
Macrotech Developers Ltd.’s shares listed on the stock exchanges on Apr 19, 2021.