Macrotech Developers IPO Closed
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About Macrotech Developers
Macrotech Developers, formerly known as Lodha Developers, is one of the largest real estate developers in India. Primary engaged in residential real estate development with a focus on affordable and mid-income housing. In 2019, they forayed into the development of logistics and industrial parks, the company is also engaged in development of commercial real estate.
As of December, the company has 91 completed projects comprising approximately 77.22 million square feet of developable area, of which 59.13 million square feet is in affordable and mid-income housing, 12.15 million square feet in premium and luxury housing, 5.21 million square feet in office space, and 0.74 million square feet in retail space. It has 36 ongoing projects comprising approximately 28.78 million square feet of developable area. Also, in the logistics and industrial park portfolio, the company has an ongoing and planned development of approximately 290 and 540 acres.
Check out the recent financials of the company:
| Financial Year Ended | Revenue (₹ Crores) | PAT (₹ Crores) | EPS (₹) |
| March 2018 | 13,726.57 | 1,789.39 | 45.1 |
| March 2019 | 11,978.87 | 1,643.98 | 41.33 |
| March 2020 | 12,560.99 | 744.84 | 18.46 |
| Nine months ended December 31, 2020 | 9,357.35 | 503.08 | 15.05 |
| Nine months ended December 31, 2021 | 3,160.49 | -264.30 | -6.83 |
How do I apply for the Macrotech Developers IPO on Zerodha?
You can apply for the Macrotech Developers IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.