Macrotech Developers IPO: The IPO of Mumbai-based Indian real estate giant Macrotech Developers Ltd was open for investment from April 7-9 and its allotment will be final on Friday 16 April. This Rs 2500 crore IPO is the first IPO for the current financial year 2021-22. Macrotech Developers Limited was previously known as Lodha Developers. This IPO did not get better response from investors. After the allotment finals on April 16, funds will be unblocked from the ASBA account on April 19, and on April 20, the investors to whom the shares were allotted will be credited to their demat account. According to the Red Herring Prospectus (RHP), it can debut in the stock market on April 22.
After the completion of the share allotment, investors can check their subscription status link on the website of Intime India and on the BSE website. Link Intime India is the SEBI Registered Registrar for this IPO.
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How to check allotment status on Link Intime India
- After the allotment is announced, go to the link Intime India website.
- From the drop down list, select the company name ‘Macrotech Developers – IPO’.
- After this, click on one of the check boxes in PAN, Application Number or Depository / Client ID.
- Fill the data based on the box you have clicked, that is, if PAN is selected, then the PAN number has to be filled and if the application number is selected then it will have to be filled.
- Fill the captcha and click submit.
- On the next page, the number of shares will appear for the number of shares applied for and the number of allotments.
Check allotment status on BSE website like this
- Visit the BSE website https://www.bseindia.com/investors/appli_check.aspx.
- In this, select equity as the issue type.
- Select the issue name ‘Macrotech Developers Ltd’ from the drop down list.
- Fill the application number or PAN.
- Click on ‘I am not a Robot’.
- Click on the search tab and after this the status details will appear.
Price range for IPO Rs 483-486 per share
On the last day of bidding, the reserved share of qualified institutional buyers (QIB) was subscribed 3.05 times and non-institutional investors subscribed 1.44 times. Macrotech Developers Limited had raised Rs 740 crore from 14 anchor investors even before the IPO. The price range for the IPO was kept at Rs 483-486 and the lot size was 30 shares, meaning investors had to invest at least Rs 14,580 for the investment.
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