Lodha Developers Limited IPO: Reviews, Recommendations, GMP Today, Live Subscription, Allotment Status, Dates, Offer Price - IPO Reviews

Thursday, May 17, 2018

Lodha Developers Limited IPO: Reviews, Recommendations, GMP Today, Live Subscription, Allotment Status, Dates, Offer Price

The biggest IPO in terms of worth is coming in the name of Lodha Developers. The company has filed the draft prospectus with Securities Exchange Board of India (SEBI) for the IPO. The company will sell new shares worth Rs. 3,750 crore, while the existing shareholders will sell 18 million shares.

The company will use the funds received from the fresh issue for the reduction of the aggregate outstanding borrowings of on a consolidated basis and for general corporate purposes. 
Lodha Developers Limited IPO: Reviews, Recommendations, GMP Today, Live Subscription, Allotment Status, Dates, Offer Price


Financials:

Lodha Developers: Earnings Per Share (EPS): 


  • For the year ending on March 2015: Rs 13.36
  • For the year ending on March 2016: Rs 16.65
  • For the year ending on March 2017: Rs 8.38
  • For the nine months ending on December 2017: Rs 9.48

Lodha Developers: Return on Net Worth (RoNW)


  • For the year ending on March 2015: 20.50%
  • For the year ending on March 2016: 19.58%
  • For the year ending on March 2017: 8.36%
  • For the nine months ending on December 2017: 8.91%

Lodha Developers has a better return on net worth in comparison with listed peers like DLF Ltd, Oberoi Realty Limited, Godrej Properties Limited, Prestige Estates Projects Limited, Sobha Limited, and Brigade Enterprises Limited. 

Lodha Developers is one of the largest real estate firms in India. Lodha Developers Limited was incorporated as Lodha Developers Private Limited on September 25, 1995, in the state of Maharashtra at Mumbai as a private limited company under the Companies Act, 1956. Subsequently, the company was converted into a public limited company on March 14, 2018, and the name was changed to Lodha Developers Limited.

The global coordinators for the IPO are Kotak Mahindra Capital, CLSA India, JM Financial and Morgan Stanley India.

Once the IPO kicks off, we will update the important dates, offer price, financials, recommendations by analysts like SP Tulsian, Dilip Davda, live GMP today, live subscription status and allotment status. So, stay tuned to this website.

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