|
|
|
Issue Open Date
|
07-Apr-21
|
|
|
|
Issue Closing Date
|
09-Apr-21
|
|
|
|
Application Money
|
100
|
|
|
|
Allotment Money
|
|
|
|
|
|
|
|
Price Band
|
483
-
486
|
|
|
|
Minimium Application No.
|
30
|
|
|
|
Issue Size (Shares)
|
51440328
|
|
|
|
Market Lot
|
1
|
|
|
|
|
|
Objective
|
|
1. Reduction of the aggregate outstanding borrowings of our Company on a consolidated basis.2. Acquisition of land or land development rights.3. General corporate purposes.
|
|
|
|
|
|
|
Category
|
No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
|
|
Non-Institutional Investors
|
7670808
|
11030400
|
1.43797107162635
|
|
Qualified Institutional Buyers
|
10227742
|
31146270
|
3.04527333599146
|
|
Retail Individual Investors
|
17898551
|
7182510
|
0.401290026214971
|
|
|
|
|
Business Description
We are one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020. (Source:Anarock Report) Our core business is residential real estate developments with a focus on affordable and mid-income housing.Currently, we have residential projects in the MMR and Pune. In 2019, we forayed into the development of logistics andindustrial parks and entered into a joint venture with ESR Mumbai 3 Pte. Limited (“ESR”), a subsidiary of ESR CaymanLimited, an Asia Pacific focused logistics real estate platform. (Source: Anarock Report) We also develop commercial realestate, including as part of mixed-use developments in and around our core residential projects.saleable area of approximately 29,871,021 square feet. We also had 11 planned projects with an estimated saleable area of approximately 36,228,877 square feet. In addition to our ongoing and planned projects that we believe give us near to medium term cash flow visibility, as of June 30, 2009 we also had land reserves of approximately 139,206,419 square feet, of which approximately 99.67% was in the Mumbai Metropolitan Region. We expect these land reserves to provide us a saleable area of approximately 195,315,217 square feet. We believe that these land reserves concentrated in the Mumbai Metropolitan Region give us the ability to enhance the value of these land reserves through advantages of scale and provide us long term earnings potential. We believe that we are recognised as a premium player in the markets and segments in which we operate. In our residential segment we cater to diverse customer needs across a wide spectrum of income segments, from luxury residences in South Mumbai to large integrated townships in the Mumbai suburbs. Our portfolio of residential projects includes apartments with a price range of Rs. 1.2 million to Rs. 250 million and sizes ranging from 585 square feet to 7,400 square feet of saleable area. We are presently developing various luxury and high-end apartments such as Lodha Bellissimo at Mahalaxmi, Mumbai; Lodha Costiera at Napean Sea Road, Mumbai; and Lodha Bellezza at Eden Park, Hyderabad. In our aspirational residential segment, we are presently developing projects such as Lodha Aqua at Mira – Bhayandar, Mumbai; and Lodha Luxuria at Majiwade, Thane. We are also developing a plotted serviced luxury villa development in Lonavala, a hill station near Mumbai, and golf villas in Dombivali and Pune. We recently launched the „CASA by Lodha? brand which targets the mid-income housing segment of the real estate market in the Mumbai Metropolitan Region. We are currently developing various residential projects under this brand including CASA Bella at Dombivali; CASA Univis, CASA Royale and CASA Ultima at Thane; and CASA Essenza at Mira – Bhayandar, Mumbai. In our office space segment we cater to corporates who are seeking high quality office space ranging from client facing offices to back offices. We have developed the iThink techno campus (Phase – I) at Kanjurmarg, Mumbai and are presently developing quality office spaces such as iThink techno campuses at Kanjurmarg (Phase – II) and Thane, Lodha Excelus, a high-end corporate office space at Mahalaxmi, Mumbai and Lodha Supremus, a boutique office space at Worli, Mumbai.
|
|
|
Promoter's Holding
|
|
|
|
Total Share Capital
|
395878000
|
|
|
|
Offered to Public
|
51440328
|
|
|
|
Promoter's Holding (Pre-Issue)
|
100
|
|
|
|
Promoter's Holding (Post-Issue)
|
88.5
|
|
|
|
|
|
|
|
|
|
|
Address |
412
Floor- 4
17 G Vardhaman Chamber
Cawasji Patel Road
Horniman Circle
Fort
Mumbai,
Maharashtra,
400001
Phone : 022-23024400 / 67737373
Email : investor.relations@lodhagroup.com
Website : www.lodhagroup.in
|
|
|
Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
|
|
|
Listed at |
|
BSE, NSE
|
|
|
Lead Manager |
Axis Capital Ltd.
BOB Capital Markets Ltd
Edelweiss Financial Services Ltd
ICICI Securities Ltd
IIFL Securities Ltd.
JM Financial Ltd.
JP Morgan India Pvt Ltd
Kotak Mahindra Capital Co Ltd
SBI Capital Markets Ltd
Yes Securities (India) Ltd.
|
|
|
Promoters |
Abhishek Mangal Prabhat Lodha
Rajendra Narpatmal Lodha
Sambhavnath Infrabuild And Sambhavnath Trust
|
|
