Lodha Developers IPO


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Incorporated in 1995, Mumbai based Lodha Developers Limited is a company engaged in the business of real estate development. According to Liases Foras, it was the largest real estate developer in India by residential Sales in 2017.

The company develops real estate across the residential and commercial sectors in the Mumbai Metropolitan Region (the "MMR"), Pune and London. In the residential sector, it develops properties with unit values ranging from ₹ 3.50 million to ₹ 590 million. In the commercial sector, it develops office and retail projects on lease model and sale model.

Lodha Developers focuses on branded realty and owns multiple brands including "CASA by Lodha" for affordable housing, the "Lodha" and "Lodha Luxury" for premium projects. In the office space, its brands include"iThink", "Lodha Excelus" and "Lodha Supremus".

As of December 31, 2017, the company had 37 ongoing projects (35 projects were in India and two were in London) accounting for a Developable Area of 33.80 million square feet. It had 22 planned projects in India with a Developable Area of 64.21 million square feet.

The company's overseas projects includes Lincoln Square on Carey Street and 1 Grosvenor Square in Mayfair. As of December 31, 2017, 114 units with total Sales value of GBP 277.65 million were sold.

Strengths of the Company:

1. Leadership position with strong execution record
2. Multiple established brands
3. Strong presence in the attractive real estate markets of Mumbai and Pune
4. Diversified project portfolio in both residential and commercial sector
5. Caters to a wide spectrum of customer segments
Company Promoters:

Individual Promoters of the company are Mangal Prabhat Lodha and Abhishek Mangal Prabhat Lodha.

Corporate promoters of the company are Sambhavnath Infrabuild and Mangal Prabhat Lodha Family Discretionary Trust.

Sambhavnath Infrabuild was incorporated on August 27, 2007, and is engaged in real estate development and allied activities.

The trustees of Mangal Prabhat Lodha Family Discretionary Trust are Mangal Prabhat Lodha, Manjula Mangal Prabhat Lodha and Abhishek Mangal Prabhat Lodha.

Objects of the Issue:

The Offer comprises of a Fresh Issue and the Offer for Sale.

The Promoter Selling Shareholder will be entitled to the proceeds of the Offer for Sale and the company will not receive any proceeds from it.

The objects of the fresh issue are-

1. Reduction of the aggregate outstanding borrowings of the Company on a consolidated basis; and
2. General corporate purposes
Issue Detail:

»» Issue Open:
»» Issue Type: Book Built Issue IPO
»» Issue Size:
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs - Rs Per Equity Share
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE, NSE


Lodha Developers IPO Details - Date, Prospectus, Allotment, Listing, Reviews & Status