Macrotech Developers IPO Date: Issue opens today! Price band to lot size - top details for investors
Macrotech Developers IPO Date: Macrotech Developers IPO (Initial Public Offer) has opened for retail subscription today. The Rs 2500 crore public issue will remain open for subscription till 9th April 2021.
Macrotech Developers IPO Date: Macrotech Developers IPO (Initial Public Offer) has opened for retail subscription today. The Rs 2500 crore public issue will remain open for subscription till 9th April 2021. Macrotech Developers, formerly known as Lodha Developers, has fixed the IPO price at Rs 483 to Rs 486. Lot size of the upcoming IPO is 30 shares and the company will be listed on both NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). According to company claims, they will be using the money coming from the public issue for debt reduction, acquisition of land or land developmental rights and other corporate purposes.
Macrotech Developers IPO dates
Macrotech Developers IPO has hit the capital market today and it will remain available for subscription till 9th April. Macrotech Developers IPO allotment date is 16th April while initiation of refund will take place on 19th April. Credit of Macrotech Developers shares to the Demat Account of lucky bidders will take place on 20th April 2021 while Macrotech Developers IPO listing date is 22nd April 2021.
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Macrotech Developers IPO Price Band
As mentioned earlier, the company fixed the IPO price at Rs 483 to Rs 486 and announced that around Rs 1500 crore coming in from the IPO will be utilized for its debt reduction. They also announced that they will be utilizing the rest of the amount for its other corporate purposes.
Macrotech Developers IPO Size
Those who want to bid for the Macrotech Developers IPO must know that they will be able to apply in lots and one lot will consist of 30 Macrotech Developers shares. One bidder can apply for minimum one lot while it can apply for maximum 13 lots.
Macrotech Developers IPO: Investment Limit
Hence, an investor can invest a minimum of Rs 14,580 while one can invest a maximum of Rs 1,89,540 in Macrotech Developers IPO.
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