Lodha Developers IPO Details
About Company
Lodha Developers is the largest real estate developer in India by residential Sales for the nine months ended 31 December 2017 and financial year 2017. The company develops real estate across the residential and commercial sectors in the Mumbai Metropolitan Region (MMR), Pune and London. In the residential portfolio, the company is present across multiple price points with unit values ranging from INR3.50 million to INR590 million. In our commercial portfolio, it develops office and retail projects as income generating assets on lease model and sale model, with an increasing focus on the former. Lodha Developers began its operations in Mumbai, developing affordable housing in the suburbs of Mumbai, and later diversified into other segments and regions in the MMR. As of 31 December 2017, it had completed projects with developable area of 50.49 million square feet.
As of 31 December 2017, the company had 37 ongoing projects, of which 35 projects were in India and two were in London. These projects accounted for a developable area of 33.80 million square feet, of which 31.95 million square feet represented projects located in the MMR. As of 31 December 2017, the company also had 22 planned projects in India with a developable area of 64.21 million square feet, of which 62.74 million square feet is located in the MMR. The company focuses on branded realty and its brands include “CASA by Lodha” for affordable housing, the “Lodha” and “Lodha Luxury” brands for premium projects, and the “iThink”, “Lodha Excelus” and “Lodha Supremus” brands for office spaces.
Promoters of Lodha Developers - Mangal Prabhat Lodha, Abhishek Mangal Prabhat Lodha, Sambhavnath Infrabuild And Farms Private Limited and Mangal Prabhat Lodha Family Discretionary Trust
Use of IPO proceeds
* Reduction of the aggregate outstanding borrowings on a consolidated basis - INR3,300 crore
* General corporate purposes
Lodha Developers' consolidated financial performance (in INR crore)
FY2013*
FY2014*
FY2015
FY2016
FY2017
9M FY2018
Total revenues
3,522.0
4,724.4
6,269.5
8,291.0
7,957.3
6,634.5
Total expenses
3,054.4
3,999.0
4,997.6
7,058.8
6,940.6
5,773.5
Profit after tax
370.5
435.0
765.9
677.1
570.3
612.9
Net margin (%)
10.5
9.2
12.2
8.2
7.2
9.2
* Figures for FY2013 and FY2014 are based on IGAAP and subsequent years are based on IND AS
Lodha Developers IPO details
Subscription Dates
To be updated
Price Band
To be updated
Fresh issue
INR3,750 crore
Offer For Sale
18,000,000 shares
Total IPO size
18,000,000 shares
Minimum bid (lot size)
To be updated
Face Value
INR10 per share
Retail Allocation
35%
Listing On
NSE, BSE
Valuation of Lodha Developers (Based on latest FY)
Earnings Per Share (EPS): INR15.26
Price/Earnings (P/E) ratio: To be updated
Return on Net Worth (RONW): 14.55%
Net Asset Value (NAV): INR101.41 per share
Listing Performance of Lodha Developers
IPO Opening Date: To be updated
IPO Closing Date: To be updated
Finalisation of Basis of Allotment: To be updated
Initiation of refunds: To be updated
Transfer of shares to demat accounts: To be updated
Listing Date: To be updated
Listing Price on NSE: To be updated
Closing Price on NSE: To be updated
Lodha Developers IPO Subscription Details
Category
Subscription (no. of times)
QIB
NII
Retail
Employees
Total
Lodha Developers IPO Allotment Status
Lodha Developers IPO allotment status will be available on Link Intime's website. Click on this link to get allotment status.
Lodha Developers Contact Details
Lodha Developers Limited
Lodha Excelus, L 2
N M Joshi Marg, Mahalaxmi
Mumbai - 400 011
Phone: +91 22 2302 4400
Fax: +91 22 2302 4550
Email: investorrelations@lodhagroup.com
Website: www.lodhagroup.com
Registrar of Lodha Developers IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: lodha.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
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