Lodha Developers IPO: Do not miss these important dates of offer start, end, allotment finalisation, refund, demat transfer and listing
Here are all the important dates of offer start, end, allotment finalisation, refund, demat transfer and listing of Lodha Developers IPO:-
In a major development, realty major Macrotech Developers Ltd, erstwhile Lodha Developers, on Tuesday raised Rs 740 crore from anchor investors. Its initial public offer (IPO) hit the capital market on Wednesday. Here are all the important dates of offer start, end, allotment finalisation, refund, demat transfer and listing of Lodha Developers IPO:-
-Offer start
7th April
- Offer end
9th April
Allotment finalisation
16th April
Refund initiation
19th April
Demat transfer
20th April
Listing
2nd April
Mumbai-based Macrotech had raised Rs 740 crore from 14 anchor investors, the company said in a regulatory filing. The company informed that it has allocated 1.52 crore shares at Rs 486 per scrip to anchor investors.
The price band was fixed at Rs 483-486 per share.
As many as 12 foreign portfolio investors participated in the anchor.
The FPIs are Capital Group; Nomura; Ivanhoe Cambridge, real estate arm of CDPQ; Wellington Asset Management; Abu Dhabi Investment Authority, Abu Dhabi's sovereign fund; Platinum Asset Management, Marshall Wace, Brookfield Asset Management, Segantii, York, Oxbow and Discovery.
These investors were allocated approximately 1.45 crore shares for approximately Rs 705 crore.
Two domestic investors, including one mutual fund, were allocated about 7.3 lakh shares for about Rs 35.3 crore.
The domestic investors are HDFC Mutual Fund and Premji Invest, India's largest family office.
From IPO proceeds, Macrotech mainly proposes to reduce debt by up to Rs 1,500 crore and acquire land or land developmental rights aggregating up to Rs 375 crore.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
05:02 PM IST