Lodha of residential real-estate projects in London.All these
Lodha Group, one of the top real estate developers in India, is planning to launch an IPO soon. This mammoth sized IPO (Initial Public Offering) is seen to be in the range of ?3000 Crore to ?6000 Crore. The business will soon be approaching SEBI, the market regulator in order to proceed with a fresh prospectus for the IPO. The total funding to be raised will include a pre-IPO placement of shares as well.supsystic-tables id=2450 As a business, here are few stats about Lodha Developers in order to provide you with an idea about its scale. Lodha Group employs:Around 4000 direct associates25,000+ workmen at sites at any point in timeMore than 1800 civil and design engineersAround 800 Business Management professionals150 designersSome of the recent fundings Lodha Developers have used include:$200 Million in March 2015 through the issuance of bonds with maturity in 2020.$125 Million through bonds in order to pre-pay its expensive debt and thus, reduce the overall interest expenses.$413 Million in 2016 by Piramal Fund Management$375 Million in May 2017 from a private firm named Cain Hoy as construction funding.Now they are looking to raise funding through a public issue and the primary reason why Lodha Group is looking to raise funds by a public issue is to get as much rid as possible of its Indian debt of ?14,500 Crore.Lodha Group is looking to go public for the second time in the last 9 years. In its first attempt, it filed a Draft Red Herring Prospectus with SEBI in 2009 and got the approval for the IPO as well in January 2010. However, looking at the global real estate as well stock market crisis, Lodha Group shelved its idea of going public to raise funds at that point in time.However, the company has shown promising revenue momentum in the recent past and now they are looking to go public with much higher conviction and promise.If we talk about sales’ numbers for the last 5 financial numbers, this is how the company stands:As shown in the revenue graph above, Lodha Group has shown a consistent growth recently. Furthermore, if we talk about some of its current as well as future plans, Lodha Developers is busy developing commercial and residential real estate in the order of around 41 million sq ft area.In total, they have 31 parallel real-estate projects running in cities such as London, Mumbai, Bengaluru, Pune, Hyderabad etc. In the coming future, they have a mass land bank of 350 million sq ft. From revenue’s perspective, Lodha group is expecting a revenue of around ?12,000 Crore in the next 3 years from a couple of residential real-estate projects in London.All these numbers show that business is working on massive multiple opportunities in some of the most expensive cities in India and outside. As of now, Lodha Group is looking to appoint Merchant bankers that will assist them in launching their IPO on the exchange(s).