Lodha Developers IPO Date – The Lodha Developers IPO open date is Apr 7, 2021, and the close date is Apr 9, 2021. The issue may list on Apr 19, 2021.
Lodha Developers IPO Promoters
The Promoters of this company are:
- Abhishek Mangal Prabhat Lodha.
- Rajendra Narpatmal Lodha.
- Sambhavnath Infrabuild.
- Sambhavnath Trust.
Lodha Developers IPO Price Band – The price band of the IPO is Rs 483 to F486.
Lodha Developers IPO Lot Size – The Lodha Developers IPO market lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or Rs 189,540).
Lodha Developers IPO Equity Size – Lodha Developers IPO is a main-board IPO of 51,440,328 equity shares of the face value of Rs 10 aggregating up to Rs 2,500.00 Crores
Lodha Developers IPO Listing Date – Lodha Developers IPO Listing on 19 April 2021 on NSE & BSE.
Lodha Developers IPO Subscription – The Lodha Developers IPO is subscribed 1.36x times on Apr 9, 2021 17:00. The public issue subscribed 0.40x in the retail category, 3.05x in the QIB category, and 1.44x in the NII category.
Lodha Developers IPO Allotment Status – These are the following ways to check the allotment status of IPO:
You can check your Demat account or ask your stockbroker. If the equity shares are credited into your Demat account then you have got the allotment. You can log in to your Bank Account to check if the amount is Debited or not or visit this link and select the IPO to check the Status. You can Click on Registrar Link and check the Allotment.
Lodha Developers IPO Financial Statements
|Particulars||For the year/period ended (Rs in millions)|
|Profit After Tax||(2,643.02)||7,448.36||16,439.77||17,893.90|
Objects of the Issue:
The IPO aims to raise money for the following purposes;
- To reduce aggregate outstanding borrowings of the company on consolidated basis.
- To acquire land or land development rights.
- To meet general corporate purposes.
Lodha Developers IPO Grey Market Premium – Lodha Developers shares were trading at a premium of Rs 25-30 per equity share in the grey market.
Lodha Developers IPO Listing Price – The listing price of these shares was Rs 389.