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.
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)
31 December 2020
31 March 2020
31 March 2019
31 March 2018
Total Profit After Tax
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.
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.