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Lodha Developers IPO Date
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Lodha Developers IPO
7.8
Pros
- 26 Years of Establishment
- India’s Largest Real Estate Developer
- Experience Management Team
Cons
- Funds Raised for Debts Repayment
- Risks of Projects Developments Failure
- Dependency on Contractors for Projects Execution
Mumbai-based Lodha Developers is likely to launch its IPO worth ₹2500 Crore third time. Are you thinking of investing in this IPO and looking for dates related to this IPO? If yes! Do not worry. Here is all that you need to know about Lodha Developers IPO date.
So let us collect the information!
Lodha Developers IPO Date Details
Dates are an important factor in IPO for investors to keep them informed with the events initiated right from the day when any private or public company announces its IPO via newspapers or online to when it gets listed on the NSE and BSE.
So, without any delay, let us list all the significant dates related to the Lodha Developers IPO.
Lodha Developers IPO Issue Date
The date at which Lodha Developers makes a new issue of IPO shares to the public is 7 April 2021. Besides, this 3 days shares sale will remain open for subscription by 9 April 2021, Friday.
You can find the issue dates for this IPO in the below table:
| Lodha Developers IPO Issue Date | |
| Opening Date | 7 April |
| Closing Date | 9 April |
Lodha Developers IPO Allotment Date
The next step in this IPO process is the allotment of IPO shares, refund process, and credit of IPO shares to the respective demat account.
The issued shares of the Lodha Developers IPO are likely to be allotted on 16 April 2021.
The dates related to the Lodha Developers IPO allotment process have been tabulated below:
| Lodha Developers IPO Allotment Date | |
| Basis of Allotment Date | 16 April 2021 |
| Refund Date | 19 April 2021 |
| The credit of Shares in Demat Account | 20 April 2021 |
Lodha Developers IPO Listing Date
Once the Lodha Developers’ shares are allotted to the investors, the next thing for them to do is to wait for the listing date.
This listing date of Lodha Developers IPO is announced through the circulars on the websites of NSE and BSE on 22 April 2021.
Let us move forward!
How To Apply For Lodha Developers IPO
To apply for any IPOs, you will first need to select a registered stockbroker and open a demat account with them.
For this, you will need some documents listed below:
⭐ PAN Card
⭐ Adhar Card
⭐ Bank Account Number
Once the documents get verified and the account is opened. The broker will provide you an online platform where you can apply online for any IPO using UPI and ASBA effortlessly.
For this, you will have to go through the following steps:
- Download the app.
- Scroll down on the stocks tab.
- Click on the IPO section.
- Choose any active IPO name and select the bid quantity.
- Select any of the payment methods; Net banking or UPI method.
Once you complete the process on the UPI app, your application form gets submitted and the amount will get blocked in your bank account.
Should You Invest In Lodha Developers IPO?
This is the third time when the Lodha Developers aka Macrotech Developers has come up with its IPO.
Lodha Developers IPO Price is ₹2500 Crore.
Let us see whether you should invest in IPO or not?
Started in 1995, Mumbai-based Lodha Developers Limited (Macrotech Developers) is the largest real estate developer in India when we look at its residential sales of ₹50,000 crores from FY2014 to FY2020.
Find the past financial performance of the company in the table below:
| Lodha Developers Financial Performance In Crores(FY18-FY20) | ||||
| Particulars | 31 December 2020 | 31 March 2020 | 31 March 2019 | 31 March 2018 |
| Total Assets | 40,594.62 | 40,692.57 | 49,863.94 | 47,811.28 |
| Total Revenue | 31,604.85 | 12,560.99 | 11,978.87 | 13,726.57 |
| Total Expenses | 3,218.82 | 11,560.23 | 9,489.98 | 11,017.04 |
| Total Profit After Tax | -264.302 | 744.836 | 1,643.98 | 1,789.39 |
If we look at its objectives, it intends to pay off outstanding borrowings & monetize its general corporate purposes which is one of the downsides of this IPO.
Besides, it also intends to acquire land development rights.
Besides, some more information on the Lodha Developers IPO is yet to come.
*Information in this article will be updated daily.
Happy Investing!
Frequently Asked Questions-
1. What is the issue size of Lodha Developers IPO?
The Lodha Developers IPO’s issue size is ₹2500 Crore.
2. If IPO shares do not get allotted to the investor due to oversubscription, will there any charges for the refund of the money? Or will they get the full amount?
There are no charges for the refund of the money and the investors will get the full amount of the IPO shares not allotted to them.
3. How many days does it take to get a refund of an IPO?
It usually depends on the methods of getting the IPO refunds. If you choose ECS (Electronic Clearing Service), the refund amount is directly deposited to your bank account which is available immediately.
On the other hand, getting the refunds through cheques usually takes 3 to 5 days. However, the refund date of Lodha Developers IPO is 19 April 2021.
4. What is the Lodha Developers IPO Allotment Date?
Lodha Developers IPO Allotment Date refers to the day when the shares of this IPO will be allotted to the public investors. The allotment date of Lodha Developers IPO shares is 16 April 2021.
5. What is the Lodha Developers IPO Listing Date?
The IPO shares of Lodha Developers will be listed on the stock exchanges; NSE and BSE on 22 April 2021.
6. Who is the promoter of Lodha Developers IPO?
The promoters of Lodha Developers IPO are Abhishek Mangal Prabhat Lodha, Rajendra Narpatmal Lodha, Sambhavnath Infrabuild, and Sambhavnath Trust.
7. What is GMP of Lodha Developers IPO?
The GMP of Lodha Developers IPO is [●]
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