NEW DELHI: The IPO of Mumbai-focused Macrotech Developers earlier known as Lodha Developers will open for subscription on Wednesday and close on Friday to raise Rs 2,500 crore from the primary market.
The company has come out with the offer at a time when there is uncertainty in the market and listing gains for fresh issues have vanished. Interestingly though, the issue is priced conservatively compared to others that came in the recent times.
The company proposes to utilise the net proceeds from the issue towards reduction of debt amounting up to Rs 1,500 crore, acquisition of land or land developmental rights aggregating up to Rs 375 crore and for general corporate purposes.
Macrotech Developers IPO To Open On April 7 Macrotech Developers: The IPO will remain open between April 7 and April 9, and the shares will be issued in the price band of Rs 483-486 per share
Updated: April 04, 2021 10:43 am IST
Macrotech Developers IPO: The shares are likely to be listed on BSE and NSE on April 22, 2021
Macrotech Developers (formerly Lodha Developers) Rs 2,500 crore initial public offering (IPO) is likely to open on April 7. The IPO will remain open between April 7 and April 9, and the shares will be issued in the price band of Rs 483-486 per share. The shares are likely to be listed on the BSE and NSE on April 22, 2021.
Barbeque Nation IPO share allotment: Here s how to check status online businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
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Barbeque Nation’s popularity comes with its eat all you want buffet offering, which has been a hit with families and youngsters alike.
As Barbeque Nation opens its doors to the public markets, there’s also the fear of another nationwide lockdown, while several cities are already subject to lockdown or night curfew. But Agrawal said that while there may be a short term disruption in business, their long term vision to grow in the Indian restaurant industry remains intact.
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“This will be the nature of the business going forward for at least a couple of quarters – different states will have different restrictions. In the short term, you would see business disruption. We believe that we have already gone through a strict lockdown in the past, and survived it and that will help us sail through this,” he said.
Laxmi Organic Industries to issue list price at 20% premium naveenbharat.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naveenbharat.in Daily Mail and Mail on Sunday newspapers.