Macrotech Developers IPO — here is how to check share allotment status

• Investors can start checking whether or not they were allotted shares of ₹2,500 crore Marcotech Developers IPO today, April 16.
• The IPO saw muted demand being subscribed to 1.36 times after the bidding process closed on April 9.
• Here is how to check Marcotech Developers IPO allotment status on the registrar website and stock exchanges.

Macrotech Developers is finally ready to hit the Indian stock exchanges after three attempts. The company will be announcing the allotment status of its ₹2,500 initial public offering (IPO) today, April 16.

The realty giant has a lot of things working in its favour — like being one of India’s largest real estate developers, having an established brand identity, a diversified portfolio, and having ready to move units on standby.

Yet, its IPO saw muted demand. It was only subscribed to 1.36 times when the bidding process closed on 9. What kind of premium it may fetch will only be revealed once the company is listed on April 19.

COVID-19 hits the markets, realty already has its own problems

In addition to the second wave of COVID-19 dampening the market sentiment, analysts are concerned about how Macrotech Developers will be able to persevere through the tough times. This is because while other sectors are facing the brunt of the pandemic as well, realty is seeing its worst slow down in five years.

Moreover, the nature of the realty industry is capital intensive, and the company has a lot of debt on its plate — ₹1,500 crore of its fresh funds will be going towards reducing its borrowings.

The silver lining is that home loan interest rates have been on the downturn over the past couple of years. That means it's becoming cheaper for people to borrow from the bank in order to buy a house. And Macrotech Developers’ operates across all classes, from luxury to mid-segment to affordable.

Here is how to check Marcotech Developers IPO allotment status:

If you subscribed to the Marcotech Developers IPO, you could check your allotment status by following these simple steps:

To check on the stock-exchange website:

• To check Marcotech Developers IPO allotment status, go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select 'Marcotech Developers'.
• Now, enter your application number and PAN.
• Click on 'Search'.

Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Marcotech Developers'. It will only appear post allotment on April 19.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click 'submit'.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

• Investors can start checking whether or not they were allotted shares of ₹2,500 crore Marcotech Developers IPO today, April 16.
• The IPO saw muted demand being subscribed to 1.36 times after the bidding process closed on April 9.
• Here is how to check Marcotech Developers IPO allotment status on the registrar website and stock exchanges.

SEE ALSO:
The utter chaos and confusion over Remdesivir in India is making the COVID-19 second wave worse

Wipro fears it may lose its employees to competitors as there is an explosion of IT jobs

Checkout what is allowed and what is not in the new guidelines issued by the Delhi government