In a major development, realty major Macrotech Developers Ltd, erstwhile Lodha Developers, on Tuesday raised Rs 740 crore from anchor investors. Its initial public offer (IPO) hit the capital market on Wednesday. Here are all the important dates of offer start, end, allotment finalisation, refund, demat transfer and listing of Lodha Developers IPO:-

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-Offer start

7th April

- Offer end

9th April

Allotment finalisation

16th April

Refund initiation

19th April

Demat transfer

20th April

Listing

2nd April

Mumbai-based Macrotech had raised Rs 740 crore from 14 anchor investors, the company said in a regulatory filing. The company informed that it has allocated 1.52 crore shares at Rs 486 per scrip to anchor investors.

The price band was fixed at Rs 483-486 per share.

As many as 12 foreign portfolio investors participated in the anchor.

The FPIs are Capital Group; Nomura; Ivanhoe Cambridge, real estate arm of CDPQ; Wellington Asset Management; Abu Dhabi Investment Authority, Abu Dhabi's sovereign fund; Platinum Asset Management, Marshall Wace, Brookfield Asset Management, Segantii, York, Oxbow and Discovery.

These investors were allocated approximately 1.45 crore shares for approximately Rs 705 crore.

Two domestic investors, including one mutual fund, were allocated about 7.3 lakh shares for about Rs 35.3 crore.

The domestic investors are HDFC Mutual Fund and Premji Invest, India's largest family office.

From IPO proceeds, Macrotech mainly proposes to reduce debt by up to Rs 1,500 crore and acquire land or land developmental rights aggregating up to Rs 375 crore.