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IPO Synopsis

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  • IPO Synopsis

IPO

Macrotech Developers Ltd
Initial public offer of 51,440,328 equity shares of face value of Rs.10 each ("equity shares") of Macrotech Developers Limited ("issuer") for cash at a price of Rs.486 per equity share (including a share premium of Rs.476 per equity share) aggregating to Rs.2500 Crores (the "issue"). The issue includes a reservation of 617,283 equity shares aggregatingup to Rs.30 Crores (constituting 0.14% of the post-issue paid-up equity share capital), for subscription by eligible employees (the "employee reservation portion"). The issue less the employee reservation portion is hereinafter referred to as "net issue". The issue and net issue shall constitute 11.50% and 11.36%, respectively, of the post-issue paid-up equity sharse is Rs.10 each. The company may, in consultation with the managers, consider a pre-ipo placement of up to (*) specified securities for cash consideration aggregating up to Rs. 500 Crores (the "pre-ipo placement"). The pre-ipo placement will be at a price to be decided by the company. If the pre-ipo placement is undertaken, the number of equity shares issued pursuant to the pre-ipo placement will be reduced from the issue, subject to the minimum issue size constituting at least (*)% of the post-issue paid-up equity share capital of the company. The face value of equity shares is Rs.10 each and the face value is 48.6 times of the face value.
Issue
Opens On Closes On
07-Apr-21 09-Apr-21
Money Payable On
Application Allotment
486.00 0.00
Minimum Application for shares in Nos : 30 Further Multiples of : 30
Cr Lead Managers to the Issue
Project Cost (.Cr) 2500.00 Axis Capital Ltd
Project Financed through Current Offer (.Cr) 2500.00  
Post Issue Equity Share Capital (.Cr) 447.32
Issue Price () 486.00
Projects
Reduction of the aggregate outstanding borrowings of the company on a Consolidated basis
Acquisition of Land or Land Development Rights
General Corporate Purposes
Promoted By
Abhishek Mangal Prabhat Lodha
Rajendra Narpatmal Lodha
Sambhavnath Infrabuild
Listing At
BSE
NSE
Registrar to the Issue
No Data Available