Macrotech Developers opens India IPO

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By Jonathan Breen
07 Apr 2021

Indian real estate company Macrotech Developers has kicked off bookbuilding for its up to Rp25.1bn ($338.2m) listing.

The issuer, called Lodha Developers until mid-2019, launched the deal on Wednesday. It is floating 51.7m primary shares at Rp483 to Rp486 each.

Axis Capital, JP Morgan and Kotak Mahindra Bank are the global co-ordinators and bookrunning lead managers. Bob Capital Markets, Edelweiss Financial Services, ICICI Securities, IIFL ...

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