Lodha Developers files draft papers with SEBI for Rs 2,500-crore IPO With a dilution of 10% stake, Lodha Developers plans to raise around Rs 2,500 crore through listing of its shares on the stock exchanges in next few months BusinessToday.In | February 17, 2021 | Updated 16:34 IST Founded in 1995, Lodha Group is one of India's largest real estate players by sales bookings Mumbai-based realtor Macrotech Developers Ltd, or Lodha Developers, has filed draft papers with the capital market regulator, Securities and Exchange Board of India (SEBI) to raise Rs 2,500 crore via an initial public offering (IPO). With a dilution of 10% stake, Lodha Developers plans to raise around Rs 2,500 crore through listing of its shares on the stock exchanges in next few months.