Everyday Intraday Tips: Latest IPO

Macrotech Developers IPO is live.
Macrotech Developers commonly known as Lodha Group is one of the largest real estate developers in India. It has launched its IPO today and your customers can apply for it quickly & easily on the Upstox platform.

Here’s some more information on Lodha Group to make an informed decision:

Incorporated in 1995 as Lodha Developers Pvt Ltd, they have changed their name to Macrotech Developers in June 2019. They’re one of the largest real estate developers based on residential sales value for FY14–20. They focus on affordable and mid-income housing and have residential projects in the Mumbai Metropolitan Region (MMR) and Pune.

It is the market leader in the MMR with a market share of 10% as of FY20. However, it’s worth noting that the company’s revenue and profit declined at a compounded -15.8% and -17.8% from FY18–20.

Price band: ₹483-₹486
Lot size: 30 shares
Cost per lot: ₹14,580
Issue date: 7 - 9 April 2021
Allotment date: 16 April 2021

You can subscribe to the IPO by clicking here.