New Delhi: The position of allotment of shares in the IPO of real estate company Macrotech Developers will be cleared on Friday. Macrotech developers were formerly known as Lodha developers. The company’s shares are expected to be listed on Thursday (April 22).
The company’s Rs 2,500 crore issue received a subscription of up to 1.36 Gunn. As per data from NSE, the company has offered 3,64,18,219 shares for sale, while investors have bid for 4,94,64,480 shares.
In this issue, the category of qualified institutional buyers was 3.05 times, the category of non-institutional investors was 1.44 times and the category of retail investors got subscriptions up to 40 percent only. The company had kept a price band of Rs 483-486 for this issue.
The issue received mixed reviews from analysts. Due to less interest in this issue, the company’s shares in the gray market also looked breathless. Investors investing money in this IPO can check their allotment status on the BSE website. Let us tell you the way of this.
- Click equity in issue type
- In the name of the issue, select Macrotech Developers.
- Enter Application Number
- Enter your PAN Card ID
- Click on ‘I’m Not a Robot’, then click on Search
- You click here
- Company name will be visible only after allotment of shares.
- Select IPO in Dropbox
- You have to enter one of the application number, client ID or PAN ID.
- Then click submit
