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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Reduction of aggregate outstanding borrowings
Prepayment or repayment of aggregate outstanding borrowings of the company on a consolidated basis.
Acquisition of land or land development rights
Funding land acquisition and development rights for future real estate projects.
General corporate purposes
Funding general corporate requirements and operational needs.
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(₹ in Crore)
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Macrotech Developers Limited (formerly known as Lodha Developers) is one of India's premier real estate development companies, operating predominantly under the 'Lodha' brand. Established in 1995 and headquartered in Mumbai, the firm specializes in residential property development across diverse market segments, ranging from affordable and mid-income housing to premium and luxury residences. The company also develops logistics parks, commercial offices, and retail spaces. The issuer commands a dominant market position in the Mumbai Metropolitan Region (MMR), which is India's largest and most lucrative real estate market. Its portfolio features several iconic developments, including Palava (an integrated smart city near Thane), World Towers in Lower Parel, Lodha Altamount on Altamount Road, and Parkside at Lodha Park. Beyond MMR, the group has selectively expanded its presence into Pune and Bengaluru. Macrotech Developers operates primarily through an integrated execution framework covering land acquisition, project planning, architectural design, construction management, and post-delivery property management. In addition to township and residential construction, the firm leverages joint development agreements (JDAs) to scale capital-efficient project pipelines and has expanded into industrial and logistics real estate through strategic partnerships.
Raised ₹740 crore from 14 anchor investors by allocating 15,226,337 equity shares at ₹486 per share. Key participants included Capital Group, Nomura, CDPQ, Wellington Management, Abu Dhabi Investment Authority, HDFC Mutual Fund, and Premji Invest.
Source: RHP • Analysis provided for informational purposes
Last Updated: 28 July 2026, 7:36 AM
Dominant Leadership in MMR Market
Holds a leading market position in the Mumbai Metropolitan Region, one of India's largest and most lucrative real estate markets.
Strong Brand Equity and Track Record
Operates under the established 'Lodha' brand with a proven history of delivering large-scale residential and commercial projects.
Diversified Portfolio Across Segments
Offers projects across affordable, mid-income, luxury residential, integrated townships, and industrial logistics parks.
Integrated Execution Capabilities
In-house design, project management, and sales capabilities enable operational efficiency and quality control.
Geographic Concentration Risk
A substantial portion of revenues and project developments is concentrated within the Mumbai Metropolitan Region.
Substantial Indebtedness
High aggregate borrowing levels subject the business to significant interest obligations and debt service risks.
Sensitivity to Real Estate Cycles
Operational and financial performance is closely tied to macroeconomic conditions, interest rate trends, and housing demand.
Macrotech Developers Limited
412, Floor - 4, 17G, Vardhaman Chamber, Cawasji Patel Road, Horniman Circle, Fort, Mumbai - 400 001, Maharashtra, India
View on Maps →MUFG Intime India Private Limited
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Regulatory and Approval Dependencies
Requires numerous government approvals, environmental clearances, and land entitlements for project initiation and completion.