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15 September, 2018

Lodha Developers IPO Details

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

Shares offered


Subscription (no. of times) 


Day 1


Day 2


Day 3


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

READ MORE RELATED TO IPO (Initial Public Offering)


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Kamlesh N. Chaudhari
Mathematics Teacher
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