Lodha Developers – a realty major will soon file an initial draft prospectus with Sebi to launch its Initial Public Offering and will file DRHP soon with Sebi. Lodha Developers has already revived its upcoming plans to raise approx. INR 5500 crore through Initial Public Offerings.

This company had filed its Draft Red Herring Prospectus (DRHP) in Sept 2009 to raise INR 2800 crore and it received market regulator Sebi’s node in Jan 2010. Due to bad market conditions and global financial crisis, it shelved its plan to IPO.

Abhishek Lodha – MD of Lodha Developers said in July 2017 “We are aiming for listing in the calendar year 2018 and shall approach Sebi in the next 6-9 months,” but refused to share the fund size a company wanted to raise.

The company is planning to raise INR 5,500 Cr. through IPO, according to sources. Privately-held Lodha Group is developing nearly 40 millions square feet area & 31 ongoing giant projects in Mumbai Metropolitan Region, London, Bengaluru, Hyderabad and Pune. The company has a land of 350 million square feet for the future development.