Lodha Developers IPO GMP Today, Lodha Developers IPO Grey Market Premium Updates | Lodha Developers IPO Listing Gain, Latest target, Opening gain

Lodha Developers initial public offer (IPO) is set to open for subscription on April 07 and close on April 09, after it received capital market regulator Sebi’s go-ahead to raise Rs 2500 crore through public issue.

Macrotech Developers [Formerly known as Lodha Developers] is the largest real estate developer in India. The company is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.

Check out Lodha Developers IPO grey market premium, Kostak rates, and subject to sauda rates as of today.


Issuer Macrotech Developers
Issue Type Book Built Issue IPO
Issue Period Issue Opens: April 7, 2021
Issue Closes: April 9, 2021
Price Brand ₹483 to ₹486 Per Share
Issue Size ₹2500 Crores
Face Value Rs. 10 per Equity Share
Market Lot 30 Shares
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Fresh Issue ₹  Cr
Offer for Sale ₹  Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 51,440,328 Shares
Grey Market Price Lodha Developers IPO GMP Today



Lodha Developers IPO GMP Rates day by day

Lodha Developers Grey market premium as on today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
20 APR 2021      
19 APR 2021      
18 APR 2021      
17 APR 2021      
16 APR 2021      
15 APR 2021 5    
14 APR 2021 5    
13 APR 2021 5    
12 APR 2021 ₹N/A    
11 APR 2021 ₹N/A    
10 APR 2021 ₹N/A    
09 APR 2021 5    
08 APR 2021 10    
07 APR 2021 10    
06 APR 2021 10    
05 APR 2021 20-25    
04 APR 2021 20-25    
03 APR 2021 25-30    
02 APR 2021 25-30 ₹0 ₹0
01 APR 2021 ₹N/A    

Lodha Developers IPO Market Lot:

 Lot Size:  Minimum 30 Shares & Maximum 390 Shares
 Minimum Amount:  ₹14580
 Maximum Amount: ₹189540

Lodha Developers IPO Allotment & Listing:

 Basis of Allotment: April 16, 2021
 Refunds: April 19, 2021
 Credit to Demat Account: April 20, 2021
 Listing Date: April 22, 2021

Check:- Lodha Developers IPO Allotment Status


– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

– IGL Limited
– Issue Price: Rs 480 Per Equity Share (at upper band)
– Lot Size: 14
– Grey Market Premium: Rs 350 to Rs 360
– Kostak (Rs 100000): Rs 2500 to Rs 2600

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

Lodha Developers IPO GMP FAQs

What is the Grey Market Premium of Lodha Developers IPO?

The Grey Market Premium of Lodha Developers IPO is ₹35 at the moment.

What is the Subject to Sauda price for Lodha Developers IPO?

The Subject to Sauda price for Lodha Developers IPO is ₹N/A.

How much will be listing gain in Lodha Developers IPO?

Lodha Developers IPO listing gain will be approx.₹1000 (update on a daily basis)

What is kostak price of Lodha Developers IPO?

The Kostak price of Lodha Developers IPO is approx. ₹N/A