Lodha Developers Limited IPO Review & Company details
Lodha developers was incorporated in the year 1995. The Mumbai-based company is involved in the real estate development business.
About Lodha Developers Company and IPO Details
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Many magazines and journals consider the company to be the largest real estate developer in the country on the basis of figures for residential sales for the year 2017.
The company has real estate projects spread all across the country, having delivered prominent commercial and residential projects to cities of Pune, London, and in the Mumbai Metropolitan Region.
The company has previously worked on projects including the office spaces and retail projects operating on sale as well as lease models.
The company is a well-established name and a reputable name of the real estate industry with its unit properties having values ranging between Rs.3.5 million to as high as Rs. 590 million.
Lodha Developers in recent years has worked towards branded realty, eyeing to be the undisputed master of this promising domain.
The company has launched multiple brands for customers of diverse needs including ‘CASA by Lodha’ which eyes customers looking for an affordable living whereas the company has a flagship for encapsulating premium and premier projects such as the ‘Lodha’ and ‘Lodha Luxury’.
The company has independent subsidiaries that work towards building world class office spaces like ‘iThink’, ‘Lodha Supremus’ and ‘Lodha Excelus’.
The statistics dated December 31, 2017, affirm the company’s singlehanded dominated in the real estate market state, with the company currently working on 37 projects (where 35 projects were situated in India and 2 of them located in London).
The company has 22 proposed projects in India covering an area of 64.21 million square feet.
The company has renowned international projects to its name including 1 Grosvenor Square in Mayfair as well as one at Lincoln Square on Carey Street. As of December 31, 2017, the company has sold 114 units having a total sales value of 277.65 million GBP.
Strengths of the company
1. The company has magnificent recipients at leadership positions who possess a strong execution record.
2. The company has multiple established brands in the real estate development market.
3. The company also boasts of a strong presence in Mumbai and Pune which are promising metropolitans and have strong real estate market needs.
4. The company has a diversified project portfolio having the best of commercial as well as residential sectors.
5. The company caters to customers from a wide spectrum encompassing clients from the middle-class segment to the big guns of the Indian business industry.
Lodha Developers Limited Company Promoters-
Mangal Prabhat Lodha and Abhishek Mangal Prabhat Lodha are individual promoters of the company.
The company has corporate promoters named Mangal Prabhat Lodha Family Discretionary Trust and Sambhavnath Infrabuild. Sambhavnath Infrabuild, incorporated in the year 2007, is a reputed name involved with real estate development and other allied activities.
The Mangal Prabhat Lodha Family Discretionary Trust has the members of the Lodha family itself.
Lodha Developers Limited ipo review financial details
Summary of company’s financial endeavours
Particulars For the financial year (in Rs. Million)
| Dec 31’ 17 | Mar 31’ 17 | Mar 31’ 16 | Mar 31’ 15(Proforma) | |
| Assets worth | 344,284.98 | 339,832.23 | 310,286.12 | 279,584.08 |
| Revenue | 66,345.11 | 79,573.29 | 82,909.52 | 62,694.78 |
| Profit made after tax deductions | 5,625.66 | 5,840.34 | 7,028.09 | 7,980.05 |
Summary of financial Information (Restated Standalone)
Particulars For the financial year (in Rs. Million)
| Dec 31’ 17 | Mar 31’ 17 | Mar 31’ 16 | Mar 31’ 15 (Proforma) | |
| Assets worth | 259,144.47 | 285,505.23 | 253,608.83 | 236,483.22 |
| Revenue | 39,486.47 | 58,497.93 | 68,237.94 | 46,739.19 |
| Profit made after tax deductions | 3,754.80 | 3,207.5 | 6,884.54 | 5,523.21 |
Objects of the Issue for this IPO
The offer consists of a fresh issue and offer for sale. The promoter selling shareholder will be eligible for the proceeds gained after offer for sale, with the company not receiving any proceeds from it.
The objects of the fresh issue are aimed at
1. Compensating the aggregate borrowing of the company and adjusting it on a consolidating basis.
2. Fulfilling the company’s general corporate purposes.
