Please don’t misguide the public here. The low stamp duty regime is already over starting today. No more low stamp duty in Maharashtra, which is the hub for Lodhas.
14.5. arunARUN| Link| Bookmark|
April 1, 2021 4:32:00 PM
IPO Guru (2000+ Posts, 1700+ Likes)
Property market boom in Mumbai. Must be a well hidden news. Property prices are stagnant for last 2 3 years. Now possible to get 2bhk in Mumbai within Rs 1 crore. New construction focus is on 1BHK as opposed to 2BHK earlier Where is Lodaha land bank? In Dombivili and Bhiwandi High valuation. Bankers must be forcing them to reduce debt. There are better land holder listed companies at much better valuation. For example Ajmera has better quality of land than them
Old Wine in New Bottle. This time they (Lodha Developers) are trying to enter in Market with a changed name. Irrespective of the quality of issue, their intention to come out IPO with IPO has serious consequences for the market. Old hands would remember their previous 3/4 attempts in last 03 years have failed as the market has crashed and they have been forced to withdraw the issue. The very fact that they try to time the market, means the issue has got no inherent strength. They will try to issue shares with unreasonable valuations and if IPO frenzy continues, it will sail otherwise it will again be withdrawn.