Macrotech Developers IPO Listing Estimate @ Chanakyanipothi.com , … So D Day is 19th April 2021… the day on which this IPO is getting listed.
On 9 April 2021 @ 5.00 pm
QIB 10227742 Sh : 3.05 T
NII 7670808 Sh : 1.44 T
RII 17898551 Sh : 0.40 T
Tot 36418216 Sh : 1.36 T
These figures clearly indicate very lacklustre response from the retail as well as NII investors.
Small note about the company
Microtech Developers ( Lodha) is the largest real estate developer in India, by residential Sales value for the financial years 2014 to 2020. (Source: Anarock Report) Its core business is residential real estate developments with a focus on affordable and mid-income housing.
Currently, it has residential projects in the MMR and Pune. In 2019, it forayed into the development of logistics and industrial parks and entered into a joint venture with ESR Mumbai 3 Pte. Limited (“ESR”), a subsidiary of ESR Cayman Limited, an Asia Pacific focused logistics real estate platform. It also develops commercial real estate, including as part of mixed-use developments in and around its core residential projects.Its brands include “Lodha”, “CASA by Lodha” and “Crown – Lodha Quality Homes” for its affordable and mid-income housing projects, the “Lodha” and “Lodha Luxury” brands for its premium and luxury housing projects, and the “iThink”, “Lodha Excelus” and “Lodha Supremus” brands for its office spaces.
The Lodha group has been involved in the real estate business since 1986. The Company is led by Abhishek M. Lodha, its MD and CEO.
Macrotech Developers IPO allotment Price is Rs. 486
Macrotech Developers IPO Latest GMP #
On 19 April 2021
Grey Market Premium Rs.7 sellers
NII investors’ Cost:
The allotment has been easy .Interest cost to the NII investors is Rs. 0.94 per share
Macrotech Developers Financial Details :
Earnings per Share 2017-18 Rs 45.10
Earnings per Share 2018-19 Rs 41.33
Earnings per Share 2019-20 Rs 18.46
Earnings per Share 2020-21,9M Rs 6.83
Book Value of the Share as on 31.12.2020 Rs 97.03
Return on Net Worth: 17-18 101.10 %
Return on Net Worth: 18-19 48.30 %
Return on Net Worth: 19-20 17.80 %
Return on Net Worth: 20-21,9M : (7) %
Upper Price Band/ EPS of 1920 : 26.33
Upper offer price/Book Value Ratio: 5.01
Macrotech Developers IPO, Estimate of Listing price :
The Companies in realestate sector doesnot enjoy much fancy since last few months and the general perception is of this sector severely affected by pandemic.
WE should not forget last 6 IPOs have shown disappointing listings, and NIIs could not recover their interest costs.Moreover with sharp surge in corona cases, and fear of lockdown, on the listing day of this IPO, we donot expect bullish mood of the market. So considering all these aspects ; the scrip, we believe is expected
1) to get listed at Rs. 495 ( if the Sensex at the opeing bell on 19th April , is in Strong Green zone) or
2) to get listed at Rs. 470 ( if the Sensex at the opening bell on 19th April , is in Red zone).Huge discount on listing is not expected.
and during the intraday, it may show somewhat higher price , may be Rs. 500-520
Since this is India’s leading real estate developer, One may retain the scrip with medium to long term angle
(Legal Note:We suggest you to consult your financial expert before taking any decision on buying or selling of the scrip on listing. The Price estimate above may go wrong because of many unknown factors.)
To Study Macrotech Developers IPO Grey Market @