Lodha Developers IPO was open for subscription between April 7 and 9. The price band for the IPO was Rs 483-486 per share with a minimum lot size of 30 shares.
The allotment status will be finalised around April 16.
Here’s how you can check your allotment status for the IPO:
Once the allotment status is finalized, you can check your status on Groww, if you had applied for Lodha Developers IPO on our platform. Here are the steps:-
Step 1: Open the Groww App, scroll down the homepage to see the ‘IPOs’ section.
Step 2: Click on IPOs. On the next page click on the ‘Status’ tab next to the Lodha Developers IPO (or any other IPO you had applied for). The status tab will not be visible if you have not applied for the IPO.
Step 3: If you have received the allotment in the IPO, ‘Allotted’ will be written next to your application number. Or else, the status will show as ‘Rejected’. It will show as ‘Approved’ till the allotment is finalized.
Step 1 – Go to link – https://www.bseindia.com/investors/appli_check.aspx
Step 2 – Select Equity
Step 3 – Select Issue Name (Nazara Tech)
Step 4- Enter Application Number as well as PAN
Step 5 – Click on search button to know the Macrotech Developers IPO Share Allotment Subscription Status
How do I know if I have received Lodha IPO Allotment or not?
The steps have been explained above.
What happens to the IPO amount in my bank account?
After applying for an IPO, the amount gets blocked for use from your account. Therefore, the money is still showing in your balance but is blocked for use.
How are the Macrotech (Lodha) Developers shares being allotted?
If Lodha IPO is oversubscribed, the shares will be distributed proportionately among investors so that each investor gets a minimum of one lot. This is done on a lottery basis, so there cannot be a guarantee that you will get the shares. It is possible that few investors do not get any shares at all, in case of over-subscription.
Will my money come back if I don’t get Lodha IPO allotment?
If you don’t get the allotment in Lodha IPO, the amount will be unblocked, and you will be able to use the amount in your bank account.
When will NazaraTech IPO get listed?
Macrotech (Lodha) Developers shares will get listed on BSE and NSE on April 22, 2021.