Macrotech Developers (formerly Lodha Developers) has debuted at Rs 439.00 on the BSE, down by 47 points or 9.67% from its issue price of Rs 486.
The scrip is currently trading at Rs 465.25, down by 20.75 points or 4.27% from its issue price. It has touched a high and low of Rs 472.60 and Rs 421.15 respectively. So far 1.55 lakh shares were traded on the counter.
The offering, which was open for subscription between April 7, 2021 and April 9, 2021, was subscribed 1.36 times. The issue price was fixed at Rs 486 per share i.e. at upper end of price band of Rs 483-486 apiece.
The company is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020.
