Lodha Developers Limited IPO (Lodha Developers IPO)

Lodha Developers IPO
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Loda Developers Company is the largest real estate developer in India, with a residential sale price for FY2014 to 2020. Its core business is residential development with a focus on affordable and medium-sized housing. Currently, the company has plans to stay in MMR and Pune. In 2019, it went on to develop operational and industrial parks and entered into a joint venture with ESR Mumbai 3 Pte Limited. The company also develops real estate for sale, including as part of a mixed-use development within and outside its residential projects.

Macrotech’s affordable and affordable housing development accounts for 57.8% and 57.8% of its total residential sales, over the nine months ended 31 December 2020 and FY2020, respectively.

The company is starting to sell real estate in the residential and commercial sectors of Mumbai Metropolitan Region (“MMR”), Pune and London. In the residential sector, it is upgrading buildings with units ranging from Rs 3.50 million to Rs 590 million. In the commercial sector, it develops office and sales projects with a rental model and a sales model.

Lodha manufacturers focus on branded space and have many products including “CASA by Lodha” for affordable housing, “Lodha” and “Lodha Luxury” for premium projects. In the office space, its products include “Think”, “Lodha Excelus” and “Lodha Supremus”.

As of 31 December 2020, the company has 91 completed projects containing approximately 77.2 million feet of Development. It also has 36 ongoing projects containing approximately 28.8 million square feet of the Developable Area, of which 23.57 million square feet are located in affordable and medium-sized housing. In addition to ongoing and planned projects, as of 31 December 2020, the company has approximately 3,803 hectares of land for future development in the MMR, with the potential to develop approximately 322 million meters of Development Areas.

Lodha Developers IPO

Strengths of the Company

1. Leadership position with strong execution record
2. Multiple established brands
3. Strong presence in the attractive real estate markets of Mumbai and Pune
4. Diversified project portfolio in both residential and commercial sector
5. Caters to a wide spectrum of customer segments

Company Promoters

Individual Promoters of the company are Mangal Prabhat Lodha and Abhishek Mangal Prabhat Lodha.

Corporate promoters of the company are Sambhavnath Infrabuild and Mangal Prabhat Lodha Family Discretionary Trust.

Sambhavnath Infrabuild was incorporated on August 27, 2007, and is engaged in real estate development and allied activities.

The trustees of Mangal Prabhat Lodha Family Discretionary Trust are Mangal Prabhat Lodha, Manjula Mangal Prabhat Lodha and Abhishek Mangal Prabhat Lodha.

Company Financials

ParticularsFY2018FY2019FY20209M FY2021
Revenue13,726.611,979.912,561.03,160.5
Expenses11,017.09,490.011,560.23,218.8
Comprehensive income1,767.91,641.6732.5-259.3
Margin (%)12.913.75.8-8.2

Objects of the Issue

The Offer comprises of a Fresh Issue and the Offer for Sale.

The Promoter Selling Shareholder will be entitled to the proceeds of the Offer for Sale and the company will not receive any proceeds from it.

The objects of the fresh issue are-

1. Reduction of the aggregate outstanding borrowings of the Company on a consolidated basis; and
2. General corporate purposes

Lodha Developers IPO
Object Of The Issue

Lodha Developers IPO Details – Tentative

IPO Opening Date07 APR, 2021
IPO Closing Date09 APR, 2021
Issue TypeBook Built Issue IPO
Issue Size₹ 2500 Cr.
Face Value₹10 per equity share
IPO Price[483] to [486] Per Equity Share
Market Lot30 Shares
Min Order Quantity30 Shares
Listing AtBSE, NSE
Total Share Issue51,440,328 Equity Share

Lodha Developers IPO – Tentative Schedule

IPO Open Date07 APR, 2021
IPO Close Date09 APR, 2021
Finalization of Basis of Allotment16 APR, 2021
Initiation of Refunds18 APR, 2021
Credit of Shares to Demat Account21 APR, 2021
IPO Listing Date22 APR, 2021

Lodha Developers IPO Lots Size & Price(Tentative)

ApplicationLotsSharesAmount ( Cut-Off)
Minimum13014,580
Maximum133901,89,540

Lodha Developers IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

Lodha Developers IPO
How To Apply IPO

Apply For Lodha Developers IPO Through ASBA

First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.

You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.

All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.

The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.

Now, most of you are probably thinking about how to use the Lodha Developers IPO with ASBA. The process can be completed online or offline for your convenience.

Apart from this, you can also bid for an Lodha Developers IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)

Company Contact Information

Lodha Developers Limited
412, Floor – 4
17G, Vardhaman Chamber, Cawasji Patel Road
Horniman Circle, Fort, Mumbai 400 001

Phone: +91 22 2302 4400
Email: investorrelations@lodhagroup.com
Websitehttp://www.lodhagroup.com

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