+
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

Related Stories

Gold Stories

Next Story
Resources

Isprava Appoints Sanjay Sethi as Strategic Advisor

Isprava Group has appointed Dr Sanjay Sethi as Strategic Advisor to the business, with a focus on Lohono Stays and Isprava Hospitality.Sethi brings more than 37 years of experience across hospitality operations, development, ownership, strategic growth and capital markets. He will work closely with the Group on strategy, growth and the development of its hospitality business.The appointment comes as Isprava Group expands its integrated ecosystem spanning luxury homes, hospitality, private membership and end-to-end homeowner services.Nibhrant Shah, Managing Director & Co-CEO, Isprava Group, sai..

Next Story
Infrastructure Energy

SunBridge BioEnergy Starts Ethanol Production in Seoni

SunBridge BioEnergy, the bioenergy arm of SunBridge Group, has commenced commercial production at its grain-based fuel-grade ethanol manufacturing facility in Seoni, Madhya Pradesh. The Seoni plant has a production capacity of 300 kilolitres per day and a storage capacity of 11,000 kilolitres. Spread across approximately 117,560 sq m, the facility marks SunBridge BioEnergy’s entry into commercial ethanol production. The company is also expanding its ethanol portfolio with a 400 KLD facility in Raipur, Chhattisgarh, which is expected to become operational soon. Once commissioned, SunBridge ..

Next Story
Infrastructure Urban

Petros Stone Unveils Bastar Art Furniture Collection

Petros Stone LLP has unveiled a new collection of collectible furniture combining Bastar art with Indian natural stone in collaboration with Inch Studio at India Design ID Mumbai 2026. The collection, being showcased from October 9-11 at Jio World Garden, BKC, Mumbai, brings together indigenous craftsmanship and natural stone to create limited-edition pieces for contemporary interiors. The designs combine the sculptural and handcrafted character of Bastar art with natural stone selected, cut, shaped and finished by Petros Stone’s processing teams. Developed with Inch Studio, the collection..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code