IPO-Note MACROTECH DEVELOPERS LIMITED
Rs-483-Rs486 per Equity share Recommendation: Subscribe

Company Profile:-

Company is incorporated as ‘Lodha Developers Private limited’ in 1995, is one of the largest Real-Estate Developer in India in the FY14 to FY20 in terms of Residential Sales value and has the leadership position in the Mumbai metropolitan Region. Company has a Portfolio of Residential Spaces and commercial spaces. In Residential it known to be a provider of high class amenities like Large Swimming Pool, Cricket ground, Private Movie theatre, Football grounds etc & it Brand includes ‘Lodha Luxury’ for luxury housing projects and  CASA by lodha for affordable and mid-Income housing. In commercial Spaces ‘iThink’, ‘Lodha Excelus’ and ‘Lodha Supremus’ for Office Spaces. Company has wide distribution of sales Network across India and outside India markets including U.K.,U.S., Singapore and Gulf Countries. Company has upcoming projects in mid-income and affordable housing are in palava, Thane, Mira Road, Jogeshwari, Pune and it also  planned to develop logistics and Industrial park near Palava of over 800 acres of land which is located near proposed International Jawaharlal Nehru port.

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Macrotech Developers Limited IPO

Wants To Apply Online

 

Positive outlook of the Firm:

  • Established Brand and Leadership Position in MMR market.
  • High Quality and Sustainable projects.
  • Diversified Customer Base.
  • Unique ability to generate cash-flows

Objective of the Issue:

  • Repayment of borrowings on a consolidated basis.
  • Acquisition of land or land development rights.
  • General corporate purposes.

Promoters of the company:

  • Rajendra Narpatmal Lodha, Abhishek Mangal Prabhat Lodha, Sambhavnath trust and  Sambhavnath InfraBuild  are the promoters of the company.

Summary of the Issue:

Issue Details
Objects of the issue ·          To Repayment or pre-payment of company’s Debt.

·          To acquire land and development rights.

·          To meet general corporate purpose.

Issue Size Issue Size – Rs.2500 Crore

Fresh Issue- Rs.2500 Crore

Employee Reservation-Rs.30 Crore

Face value  

Rs.10 Per Equity Share

Issue Price Rs. 483 – Rs. 486
Bid Lot 30 shares
Listing at  

BSE, NSE

Issue Opens: 7thApril 2021 – 9th April 2021
QIB 50% of Net Issue Offer
Retail 15% of Net Issue Offer
NIB 35% of Net Issue Offer

Check Macrotech Developers Limited IPO Allotment Status

Macrotech Developers Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To  Macrotech Developers Limited IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as Macrotech Developers Limited
  4. Enter your PAN Number or Application Id or DP Client Id.

 

 Macrotech Developers Limited IPO

Application Form

 

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Financial Performance:

Financial-Performance-Marcotech

Financials:

Particulars As at/ for the year ended December 31, 2020 As at/ for the year ended December 31, 2019 As at/ for the year ended March 31, 2020 As at/ for the year ended March 31, 2019
Total assets 40,945.6 48027.74 40692.56 49863.94
Total revenue 2915 9873 12443 11907
Net Profit (2643) 5031 7448.36 1644
Net cash inflow/ (outflows) 81.50 (95.70) (204.66) 88.46

 

Shareholding Pattern:

Shareholding Pattern Pre- Issue Post Issue
Promoters & Promoters Group 100% 88.5%
Public 11.5%

 

Source: RHP, EWL Research,

Strengths:

  • Established Brand and Leadership Position in MMR(Mumbai Metropolitan region) market.
  • High Quality and Sustainable projects.
  • Diversified Customer Base.
  • Unique ability to generate cash-flows.

 Key Highlights:

  • Revenue of the company stood at Rs.12,443 Cr. witness decline at a CAGR of 8% from FY18-FY20.
  • Net profit stood at Rs.745 Cr. as on FY20 witness significantly decline YoY
  • Return on Net worth Stood at 41.8% on a weight average basis from FY18-FY20
  • Debt/Equity ratio Stood at 3.87 Times as of December 30,2021
  • Interest coverage Ratio Stood at 1.79 as of FY20.

Risk Factors:

  • Significant Debt Could Impact the financial Performance of the Business in the future.
  • New Covid Strain could possibly attract to lockdown which could hamper Real-estate Market.

Outlook:

Macrotech Developers Ltd was Incorporated as Lodha Developers in 1995 engaged in the business of Real-Estate and it’s core strength in Residential real-estate and has a leadership position in MMR market by residential sales value with 45% market share in Extended Eastern suburbs among the top 5 Developers. Real estate has contributed 6%-7% to GDP in 2017 and it is expected to grow upto 13% by 2025. The Average housing prices appreciated marginally by 1% to Rs.5660 per Square feet across seven major cities in the first quarter of Fiscal 2021 backed by Majority sales in MMR, Pune and Bengaluru. The Covid-19 outbreak disturbed the Real-estate sector in the First half of fiscal 2020 but as the lockdowns lifts up the demand continue to take pace in major cities including MMR. The Interest on home loans are over a Decade low which raises the affordability of consumer to buy residential houses which can increase housing sales. The Imposition of lockdown due to Covid outbreak increases the importance of working from home which is expected to continue in the near future even after lockdown ends which can act as an opportunity for housing construction company  especially in the Maharashtra where prices did not significantly corrected. Shifting from small developers who face liquidity issue in completion of project shifted the preference of customer to branded developers and it is expected that market share of Branded developer will continue to increase in the future which will also act as an opportunity for the company. Thus, our advice is to subscribe the IPO.

 

 

Lead Manager Details

1)  IIFL Securities Limited

10th Floor, IIFL Centre, Kamala City,Senapati Bapat Marg, Lower Parel (West), Mumbai 400 013

Tel: +91 22 4646 4600, E-mail: bnhl.ipo@iiflcap.com

Investor grievance e-mail: ig.ib@iiflcap.com

Website: www.iiflcap.com

Contact Person: Sachin Kapoor/Ujjaval Kumar

SEBI Registration No.: INM000010940

2) Axis Capital Limited

1st Floor, Axis House,C 2 Wadia International Centre,Pandurang Budhkar Marg, Worli, Mumbai 400 025

Tel: +91 22 4325 2183 Email: bnhl.ipo@axiscap.in

Investor grievance e-mail:  complaints@axiscap.in

Website: www.axiscapital.co.in

Contact Person: Simran Gadh / Sagar Jatakiya

SEBI Registration No: INM000012029

3) ) J.P. Morgan India Private Limited

J.P. Morgan TowerOff. C.S.T. RoadKalina, Santacruz (East)Mumbai – 400 098 Maharashtra, IndiaTel: +91 22 6157 3000

E-mail: SONACOMSTAR_IPO@jpmorgan.com

Investor Grievance E-mail:investorsmb.jpmipl@jpmorgan.com

Website:www.jpmipl.com

Contact Person: Saarthak K Soni

SEBI Registration No.: INM000002970

4) SBI Capital Markets Limited

202, Maker Tower “E”,Cuffe Parade,Mumbai 400 005

Tel: +91 22 2217 8300

Email: bnhl.ipo@sbicaps.com

Investor grievance e-mail: investor.relations@sbicaps.com

Website: www.sbicaps.com

Contact Person: Aditya Deshpande/ Sylvia Mendonca

SEBI Registration No: INM000003531

5) Link Intime India Private Limited

C-101, 1st floor, 247 Park,L.B.S. Marg, Vikhroli (West),Mumbai 400 083

Tel: +91 22 4918 6200

E-mail: bnhl.ipo@linkintime.co.in

Investor grievance email: bnhl.ipo@linkintime.co.in

Website: www.linkintime.co.in

Contact Person: Shanti Gopalkrishnan

SEBI Registration No: INR000004058

 

6) JM Financial Limited

7th Floor, Cnergy Appasaheb Marathe MargPrabhadevi, Mumbai, Maharashtra – 400025, IndiaTel: +91 22 6630 3030

E-mail:sonacomstar.ipo@jmfl.com

Investor Grievance E-mail: grievance.ibd@jmfl.com

Website: www.jmfl.com

Contact Person: Prachee Dhuri

SEBI Registration No.: INM000010361

7) Kotak Mahindra Capital

Company Limited1st Floor, 27 BKCPlot No. 27, ‘G’ BlockBandra Kurla ComplexBandra (E)Mumbai, Maharashtra – 400051, India

Tel: +91 22 4336 0000

E-mail: sonacomstar.ipo@kotak.com

Website: www.investmentbank.kotak.com

Investor Grievance E-mail: kmccredressal@kotak.com

Contact Person: Ganesh Rane

SEBI Registration No.: INM000008704

8) ICICI Securities Limited

ICICI Centre, H. T. Parekh Marg,

Churchgate, Mumbai 400 020

Maharashtra, India

Tel: +91 22 2288 2460

E-mail: lodha.ipo@icicisecurities.com

Website: www.icicisecurities.com

Investor Grievance ID:customercare@icicisecurities.com

Contact Person: Vaibhav Saboo /Shekher Asnani

SEBI Registration Number:INM000011179er

 

9) Edelweiss Financial Services Limited

6th Floor, Edelweiss HouseOff C.S.T. Road, Kalina, Mumbai400 098Maharashtra, India

Tel: +91 22 4009 4400

E-mail:macrotech.ipo@edelweissfin.com

Website: www.edelweissfin.com

Investor Grievance ID:customerservice.mb@edelweissfin.com

Contact Person: Nishita John

SEBI Registration Number:INM0000010650

10) YES Securities (India) Limited

Unit No. 602 A, 6th Floor, Tower 1& 2ONE International CenterSenapati Bapat MargElphinstone Road (West)Mumbai 400 013 Maharashtra, India

Tel: +91 22 7100 9830

E-mail: macrotech.ipo@ysil.in

Website: www.yesinvest.in

Investor Grievance ID:igc@ysil.in

Contact Person: Sachin Kapoor/Lalit Phatak

SEBI Registration Number:

INM000012227

11) BOB Capital Markets Limited

1704, B Wing, 17th FloorParinee CrescenzoPlot No. C – 38/39G Block, Bandra Kurla ComplexBandra (East)

Mumbai 400 051 Maharashtra, India

Tel: +91 22 6138 9300

E-mail:macrotech.ipo@bobcaps.in

Website: www.bobcaps.in

Investor Grievance ID:investorgrievance@bobcaps.in

Contact Person: Nivedika Chavan

SEBI Registration Number:INM000009926

(Source: DRHP)

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