The Lodha Group has filed the draft red herring prospectus for issue, and is planing to raise more than Rs.5,000 crore via an IPO.

The issue will comprise fresh issue of Rs.3,750 crore, while the balance will come through an offer for sale. A significant portion of the issue’s proceed will be used to repay the debt.

Further, it is expected that the IPO will be launched in the next 3-4 months and it has hired CLSA, Kotak Investment Banking, Morgan Stanley and JM Financial as the lead bankers for the issue.

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