·
57.77%
of residential sales value from affordable and mid-income housing in FY 2020
·
Partnership
for Palava Industrial and Logistics Park – Signed a deal with Bati Mumbai
Private Limited (“Batilogistics”) to develop ≈30 acre land parcel
·
IPO
bound realty player’s price band of the issue is between INR 483 - INR 486 per
equity share, set to open issue on 7th April 2021
The price band
of the issue is between Rs 483 – Rs 486 per equity share of face value of Rs 10
each and is looking to raise upto Rs 2500 cr via a fresh issuance of shares.
Axis Capital
Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company
Limited are the global coordinators and book running lead managers and ICICI
Securities Limited, Edelweiss Financial Services Limited, IIFL Securities
Limited, JM Financial Limited, YES Securities (India) Limited, SBI Capital
Markets Limited and BOB Capital Markets Limited are the book running lead
managers to the Initial Public Offering.
Macrotech
Developers strength lies in, amongst others, its core business of residential
real estate across consumer segments with a focus on affordable and mid income
housing.
Macrotech
Developers Ltd. on an average have completed 109 Lakh sqft of developable area
during FY 2017-20, of which an average of 77 Lakh sq ft deliveries are in the
affordable and mid-income housing segment. Also, the realty player clocked
57.77% of residential sales value from affordable and mid income housing in FY
2020, which further demonstrates its focus in this segment.
Macrotech
Developer’s Palava Industrial and Logistics Park of ~800 acres land is well
placed in the MMR region. Driven by high quality infrastructure, well planned
parks and proximity to Navi Mumbai, JNPT port and upcoming international
airport, the park benefits from its easy connectivity to the full social
eco-system of Palava City. The park offers a range of options including built
to suit structures, standard structures and land parcels. In 2021, Bati Mumbai
Private Limited (“Batilogistics”) signed an agreement to purchase 30 acre land
parcel at Palava Industrial and Logistics Park
for approx. INR 106 Cr. In 2019, Macrotech Developer’s entered into a joint
venture partnership with ESR Mumbai 3 Pte. Limited, a subsidiary of ESR Cayman
Limited, an Asia Pacific focused logistics real estate platform. Additionally
it has a non-binding term sheet valued at approx. Rs 334 crs including stamp
duty with a subsidiary of an affiliate of Morgan Stanley Real Estate to set up
an industrial park of approx. 130 acres at Palava.
Macrotech Developers
Limited has land reserves of approximately 3803 acres for future development in
MMR with a potential to develop approximately 322 mn sq feet of Developable
area as on Dec 31, 2020.
All capitalized
terms used herein and not specifically defined shall have the same meaning as
ascribed to them in the RHP.
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