Lodha IPO: Macrotech Developers to launch Rs 2,500 cr IPO
Real Estate

Lodha IPO: Macrotech Developers to launch Rs 2,500 cr IPO

Lodha Group's real estate arm—Macrotech Developers Ltd, earlier known as Lodha Developers, is set to launch its Rs 2,500 crore initial public offering (IPO) on April 7.

Sources told the media that the company would file its red herring prospectus with the Registrar of Companies. The IPO will close on April 9, the source said, adding that the issue has received final approval from the Securities and Exchange Board of India (SEBI).

Macrotech has not raised any pre-IPO funding, even though the draft prospectus included a provision to raise up to Rs 500 crore through the route, the source added.

The developer had filed its first share sale document in September 2009 to raise around Rs 2,800 crore but shelved the plan after the 2008 global financial crisis. In 2018, the company filed for an IPO again, aiming to raise around Rs 5,500 crore.

As we reported earlier, as per the draft prospectus filed last month, the company proposes to utilise an estimated Rs 1,500 crore from the net proceeds for prepayment, repayment or redemption of all or a portion of borrowings availed by the company and some of its subsidiaries.

Image Source


Also read: Top 10 richest realtors: Lodha tops list fourth time

Lodha Group's real estate arm—Macrotech Developers Ltd, earlier known as Lodha Developers, is set to launch its Rs 2,500 crore initial public offering (IPO) on April 7. Sources told the media that the company would file its red herring prospectus with the Registrar of Companies. The IPO will close on April 9, the source said, adding that the issue has received final approval from the Securities and Exchange Board of India (SEBI). Macrotech has not raised any pre-IPO funding, even though the draft prospectus included a provision to raise up to Rs 500 crore through the route, the source added. The developer had filed its first share sale document in September 2009 to raise around Rs 2,800 crore but shelved the plan after the 2008 global financial crisis. In 2018, the company filed for an IPO again, aiming to raise around Rs 5,500 crore. As we reported earlier, as per the draft prospectus filed last month, the company proposes to utilise an estimated Rs 1,500 crore from the net proceeds for prepayment, repayment or redemption of all or a portion of borrowings availed by the company and some of its subsidiaries. Image Source Also read: Top 10 richest realtors: Lodha tops list fourth time

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?