Lodha Developers to raise Rs 2000-3000 crore through IPO

Lodha Developers to raise Rs 2000-3000 crore through IPO Lodha Developers, one of the India's premier real estate developers, is looking to raise between Rs 2,000 crore - Rs 3,000 crore through IPO.

The company expected to file its Draft Red Herring Prospectus (DRHP) by next week.

Sources reported that company will utilize about 20% of the funds raised for retiring debts and the rest for developing various projects and expansion.

Recently, the company has been selected as one of the India’s top ten builders on the basis of a survey conducted by Construction World, India's premier magazine for the construction sector for the past twelve years.