Lodha Developers Ltd IPO

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In 2009, Lodha Developers had filed draft papers with market regular SEBI for its Rs. 2800 Crore IPO but due to global financial crisis and bearish sentiments in the market, the company cancelled the plan to go public. However, after 9 year, finally Lodha Developers Ltd is going public with Rs. 5500 Crore IPO. The market regulator SEBI has already given the nod. The IPO is going to be a mix of fresh issue and offer for sale. The company will issue fresh equity shares worth Rs. 3750 Crore and promoters shall sell 1.8 Crore shares. The company has Rs. 18000 Crore debt. Rs. 4500 Crore shall be used for prepayment of debts of its residential segment. The date of issue and pricing are not yet finalized. The company shall garner Rs. 750 Crore through pre-ipo placements

Comments

  1. Maya Aaliyah5 June 2020 at 01:53

    Good one! Thanks for sharing. By the way What's the benifit of investing in funds over the individual stocks and bonds?
    NSE IPO
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