Lodha Developers IPO

Macrotech Developers Ltd.

₹14,490 /30 sharesMinimum Investment

Lodha Developers IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
7 Apr ‘21 - 9 Apr ‘21₹14,49030₹483 - ₹486
Issue SizeIPO Doc
3.64Cr
RHP PDF

Subscription Status As on 09 Apr '21, 5:00 PM

  • Retail Individual Investor
    0.40x
  • Non-Institutional Investor
    1.44x
  • Qualified Institutional Buyers
    3.05x
  • Employees
    0.17x

About Lodha Developers

Macrotech Developers Limited (Lodha Developers) is one of the largest real estate developers in India in the residential property segment. Its core business is the development of residential real estate with a clear focus on affordable and mid-income housing. The company has a business model that focuses on the customer and designs and develops products to address specific customer needs across different locations and price points. ;
Parent Organisation
Macrotech Developers Ltd.
Founded
1995
Managing Director
Abhishek M. Lodha

Strengths & Risks

  • Lodha Developers is one of India’s largest real estate developers by residential sales value from 2014 to 2020.
  • It also holds a leadership position in the attractive MMR (Mumbai Metropolitan Region) market.
  • Lodha Developers has adopted an integrated real estate development model, with capabilities and in-house resources to carry on a project from its initiation to completion.
  • Most of Lodha’s developments have 100% wastewater recycling, rainwater harvesting, solar power usage in common areas, and a large number of tree plantations.
  • The company has a diversified portfolio of residential developments, spread across price points and micro-markets in the Mumbai Metropolitan Region.
  • As of December 31, 2020, Lodha Developers has around 5.5 million square feet of ready-to-move residential properties in India.
  • With a 600+ member marketing and sales team, tracking market trends is easy for Lodha Developers.
  • Lodha Developers is a matrix organization and the leadership team and senior-level management team are well-equipped to handle the business efficiently.
  • Lodha Developers has a substantial amount of debt that could affect its ability to secure financing in the future and pursue its growth strategy. As of December 31, 2020, the company had Rs.186,621.85 million of aggregate outstanding borrowings on a consolidated basis.
  • Lodha Developers has certain contingent liabilities. If they materialize, then the company’s results of operations, financial condition, and cash flows can get impacted.
  • The company has an internal assessment process for land selection and acquisition which is based on information that is available or accessible to the company. It cannot assure that such information is accurate and any decision based on inaccurate information may result in certain risks.
  • The extent to which the Coronavirus disease (COVID-19) may affect its business and operations in the future is uncertain and cannot be predicted.
  • There are material outstanding legal proceedings involving the Company, Subsidiaries, Associates, Directors, Promoters, and Group Companies.
  • Lodha Developers may be subject to third-party indemnification, liability claims, or invocation of guarantees.
  • If the unsold inventory in the company’s projects is not sold in a timely manner, then its business might get adversely affected.
  • The company’s real estate development activities are geographically concentrated in and around the Mumbai Metropolitan Region (the “MMR”).
  • Some or all of the company’s ongoing and planned projects may not be completed by their expected completion dates or at all.
  • Significant increases in prices of, or shortages of, or delay or disruption in the supply of labour and key building materials could affect its business.

Financials

*All values are in Rs. Cr
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Application details

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