Macrotech Developers, formerly known as Lodha Developers, will finally open their IPO for subscription on Wednesday.
Here is all you need to know:
Issue date: April 7-9
Price band: ₹483-486
Lot size: 30
The Mumbai-based real estate developer is looking to raise ₹2,500 crore through the fresh issue, proceeds of which would be used to reduce debt burden and purchase of new land. The finalisation of the basis of allotment is likely by April 16 and the listing is expected by April 22.