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

01 Apr 2021 Editorial Team

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

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..