Rs. 37,500 Mn
Primary Product:
ECM
Secondary Product:
IPO
Date:
Mar 2021
Primary Product
ECM
Secondary Product
IPO
Date
Apr 21
Primary Product
ECM
Secondary Product
IPO
Date
Apr 21
The only equity IPO in the real estate industry in the last decade, the deal witnessed strong participation from marquee anchor investors including some of the largest pension and sovereign funds (95% to FIIs and 5% to DIIs)
Notable investors that participated in Anchor Book include ADIA, Capital Group, Platinum, Nomura, Wellington, Ivanhoe Cambridge, with a total investment of US$ 100MM.
The IPO received good response across categories despite being launched in extremely volatile market conditions due to increasing COVID-19 cases and resumption of stamp duty in Maharashtra to 5%.
Axis Capital handheld the company throughout the transaction on various deal contours, ensuring seamless execution and timely completion.
Positioning Lodha as:
-
- Largest Real Estate Developer in India with focus on affordable and mid-income housing
-
- Strong brand value benefiting from the ongoing consolidation in the industry.
-
- Deleveraging balance sheet with strong cash generation through monetization of substantial ready inventory, surplus from its ongoing project portfolio and sale of land assets.
-
- Unique ability to create destination and generate recurring cash flows from them (e.g.: Palava)
- Proven end-to-end execution capabilities with innovation and ability to deliver projects at competitive cost and in time
The end-to-end transaction was completed in less than 5 months with 83% of the anchor book
getting subscribed by long-only investors.
Transactions
Rs. 25,000 Mn
Primary Product:
ECM
Secondary Product:
IPO
Date:
Apr 21
Rs. 2,000 Mn
Primary Product:
ECM
Secondary Product:
QIP, PIPE
Date:
Dec 2021
Rs. 4,600 Mn
Primary Product:
ECM
Secondary Product:
InvIT Private Placement
Date:
Sep 2021
Rs. 12,840 Mn
Primary Product:
ECM
Secondary Product:
Rights Issue / Advisory / QIP
Date:
Apr 2021
Rs. 50,000 Mn
Primary Product:
ECM
Secondary Product:
IPO
Date:
Aug 2021
6350 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
November 2022
7,500 million
Primary Product:
ECM
Secondary Product:
InvIT Private Placement
Date:
November 2022
6,190 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
November 2021
5,000 million
Primary Product:
ECM
Secondary Product:
QIP
Date:
June 2021
9,090 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
June 2021
20,000 million
Primary Product:
PE
Secondary Product:
QIP
Date:
June 2021
77,350 million
Primary Product:
ECM
Secondary Product:
M&A, InvIT Private Placement
Date:
April 2021
25,000 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
April 2021
8,240 million
Primary Product:
ECM
Secondary Product:
IPO
Date:
March 2021
37,500 million
Primary Product:
ECM
Secondary Product:
QIP
Date:
March 2021
4,321 Cr
Primary Product:
ECM
Secondary Product:
IPO
Date:
October 2024
2,107 Cr
Primary Product:
ECM
Secondary Product:
Blocks
Date:
September 2024