Loda developer has made empty promises of metro and work from within location but its just an oasis in the desert work no transport or infrastructure. Now market is giving back to the promoter with interest.
138.1. arunARUN| Link| Bookmark|
April 9, 2021 4:10:36 PM
IPO Guru (2000+ Posts, 1700+ Likes)
Macrotech Developers (Lodha Developers) Ltd IPO Last Day Subscription Numbers on last day @ 2:30 pm QIBs - 2.26X HNIs - 1.05X EMP - 0.15X Retail - 0.34X Total - 1.02X Total No of Applications 146572 (Approx) Retail Subscription on the basis of Application 0.25X # GMP 6 - 7
This one failed, Lodha will come with fresh IPO after 5-10 years with a new name, given it survive this period. Real estate can''t be a business. Real estate cycle is very long 20-25 years. It has lived it''s prime life and is in downward phase, that may last 10-15 years or more.
Their employee quota is subscribed 15% that shows that employees also have no confidence in their company, so only fools will apply to burn their finger
122. arunARUN| Link| Bookmark|
April 9, 2021 1:24:16 PM
IPO Guru (2000+ Posts, 1700+ Likes)
Those who feel that registrars are biased against them in matter of allotment at risk of loss can try for application to validate That are not unlucky Registrars are not biased against them
Desparate! He does not put bids on first or second day. Let him have all 2500 Cr and enjoy.
121.2. Jetha Lal| Link| Bookmark|
April 9, 2021 12:27:36 PM
IPO Guru (1000+ Posts, 2100+ Likes)
His networth is ~ Rs 24K crores so if he loses 20-30 crores i.e 40-60% of his Loda investment then it will be peanut for him. Use your own discretion to take risk with your money.
Kindly, don''t provide Invalid Info. As Subscription itself is not 100%. Definitely gonna be Discounted listing (Condition(s) apply, if listed). IRFC Good IPO itself listed with discounted price for such big sale off for 3500cr.
Here Lodha developers tried a smart game of 2300 cr and providing tips like Rakesh Junjunwala is interested to apply for 50cr and lure the retailers.
Still Retailers have a chance to withdraw application(s), if applied before hurting yourself on listing day