MUMBAI: Macrotech Developers Ltd, earlier known as Lodha Developers , is gearing up to launch its Rs2,500 crore initial public offering (IPO) on 7 April, said two people aware of the development. In 2018, the company filed for an IPO again, aiming to raise around Rs5,500 crore. As of December, the company had 91 completed projects comprising approximately 77.22 million square feet of developable area, of which 59.13 million square feet is in affordable and mid-income housing, 12.15 million square feet is in premium and luxury housing, 5.21 million square feet in office space, and 0.74 million square feet in retail space. It has 36 ongoing projects comprising approximately 28.78 million square feet of developable area. The company reported a total income of Rs3,160.49 crore for the period ended December compared with Rs9,357.35 crore a year ago.

Source: Mint March 31, 2021 06:00 UTC