Macrotech Developers IPO LAST Day: Check out the subscription till date

Macrotech Developers IPO was subscribed 35% on the second day of subscription, i.e. Thursday, April 8, 2021. The retail portion of the offer was subscribed 25%, while QIB and NII portions were subscribed 65% and 19%, respectively. The employee portion subscribed 10%. Today is the third and last day for a subscription. The IPO has a price band of Rs 483-486 per share. The real estate developer seeks to raise Rs 2500 crore through a fresh issuance of shares.

Barbeque Nation IPO was subscribed 5.98 times. The public issue subscribed 13.13 times in the retail category, 5.11 times in QIB, and 3.10 times in the NII category. Barbeque Nation share price today is Rs 715, up Rs 10 or 1.5%. The stock made a high of Rs 833.7 today. The stock price got listed below the issue price of Rs 500 and witnessed sharp buying in the counter after getting listed. Also, Kalyan Jewellers IPO was subscribed 2.61 times. The public issue subscribed 2.82 times in the retail category, 2.76 times in QIB, and 1.91 times in the NII category. This shows that Investors are risk averse and are not willing to subscribe for Macrotech Developers IPO.

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Many Analysts believe that Macrotech Developers IPO subscription price is on the higher side and may not give listing gains to investors. This IPO was one of the most awaited in 2021. Many analysts believed that with revival in the real estate sector, this IPO could generate good demand. However, the numbers are indicating that investors are reluctant to invest in this IPO.

Macrotech Developers was incorporated as ‘Lodha Developers Private Limited’ on September 25, 1995. Macrotech Developers is the largest real estate developer in India, by residential Sales value for the financial years 2014 to 2020. Their core business is residential real estate developments with a focus on affordable and mid-income housing.