Macrotech Developers Limited: IPO Details, Share Prices, Products, Financials, and Investment Returns
IPO Launch and Details
Macrotech Developers Limited, formerly known as Lodha Developers, launched its Initial Public Offering (IPO) on April 7, 2021. The IPO was priced in the range of ₹483-₹486 per share, with the final issue price set at ₹486 per share. The IPO aimed to raise approximately ₹2,500 crore, which was used to reduce the company’s debt burden, acquire land, and fund new development projects.
Products and Services
Macrotech Developers Limited is a prominent player in the real estate sector, primarily engaged in the development of residential and commercial properties. The company is well-known for its luxury housing projects, integrated townships, and office spaces. Notable projects include:
- Palava City: An integrated township located in the Mumbai Metropolitan Region.
- The World Towers: A luxury residential development in Mumbai.
- Lodha Park: A premium housing project in South Mumbai.
- New Cuffe Parade: A high-end residential complex located in Wadala, Mumbai.
Company Financials
As one of the leading real estate developers in India, Macrotech Developers Limited has demonstrated robust financial performance:
- Revenue: ₹14,154 crore for the financial year 2022-2023.
- EBITDA: ₹4,025 crore for the same period.
- Net Profit: ₹1,225 crore for the financial year 2022-2023.
- Debt: The company’s net debt stood at around ₹12,500 crore as of March 2023, which is a significant reduction from previous years.
Investment Analysis
Let’s analyze the potential value of a ₹10,000 investment made in the IPO of Macrotech Developers Limited:
- IPO Price: ₹486 per share
- Number of shares bought: 10,000 / 486 = approximately 20.58 shares
- Current Share Price in October 2023: ₹1,240
- Current Value: 20.58 shares x ₹1,240 = ₹25,519.20
An investment of ₹10,000 in the IPO of Macrotech Developers Limited would now be worth approximately ₹25,519.20, representing over 150% return in about two and a half years. This strong performance underscores the company’s robust business model and market position.