The IPO of realty major Macrotech Developers Ltd, erstwhile Lodha Developers, will open for subscription on Wednesday. The Mumbai-based firm raised Rs 740 crore from 14 anchor investors ahead of its initial public offer. The company informed that it has allocated 1.52 crore shares at Rs 486 per scrip to anchor investors. The price band was fixed at Rs 483-486 per share. As many as 12 foreign portfolio investors participated in the anchor.from IndiaTV Business: Google News Feed https://ift.tt/31WhTpG
The IPO of realty major Macrotech Developers Ltd, erstwhile Lodha Developers, will open for subscription on Wednesday. The Mumbai-based firm raised Rs 740 crore from 14 anchor investors ahead of its initial public offer. The company informed that it has allocated 1.52 crore shares at Rs 486 per scrip to anchor investors. The price band was fixed at Rs 483-486 per share. As many as 12 foreign portfolio investors participated in the anchor.