Macrotech Developers IPO: Initial public offering (IPO) of Macrotech developers received subscriptions up to 35 per cent of its fixed size on the second day of market opening. As per data provided by the National Stock Exchange (NSE), bids were received for 1.26 crore shares on the second day of the IPO out of the Rs 2,500 crore shares of 3.64 crore shares.
The IPO received bids for 65 per cent in the Eligible Institutional Buyers (QIB) category, while 19 per cent was received for non-institutional investors and 25 per cent in the retail individual investors category. For this, the price range of 483 to 486 rupees per share was fixed.
MacroTech Developers Ltd (formerly Lodha Developers), the realty major, raised Rs 740 crore from anchor investors on Tuesday. Axis Capital Ltd., JP Margana India Pvt. Ltd., Kotak Mahindra Capital Company Ltd. and Edelweiss Financial Services are the global co-convenors and book running lead managers of the offering.