Mumbai: Affordable and Mid Income Housing focused Macrotech Developers Limited also known as Lodha Developers; listed on the BSE at 10.70% discount over its issue price. The shares of the company at day end closed at Rs. 463.15 per share on BSE and Rs. 457.95 per share on NSE. The initial public offering was offered at an issue price of Rs 486 per share.
As per BSE, the total quantity traded stood at 2.96 lacshares with a delivery quantity percentage of 32.63%. Quantity traded and delivery percentage at NSE was approx. 98.86 lacshares and 61.12% respectively. Total Turnover (BSE+NSE) on Day 1 stood at Rs 528.20 crores.
The Market Capitalization of the Company post today’s closing price stood at Rs. 20,330.62as per BSE and Rs. 20,484.94as per NSE.
The IPO was a fresh issuance of equity shares of Rs 10 face value aggregating up to Rs. 2500 crore, received bids of 4,94,64,480 shares against the offered 3,61,93,415 equity shares. The portion reserved for Qualified Institutional Buyer category was subscribed 3.06 times While the, retail investors was subscribed 0.40 times. the Non-Institutional Investor category was subscribed 1.45 times, overall subscribed 1.37 times.